Anek Lines S.A.

Interim / Quarterly Report • Sep 23, 2021

Type of auditors' review report: Unqualified conclusion - Material Uncertainty Related to Going Concern
STATEMENT OF FINANCIAL POSITION (parent company and consolidated)					TOTAL COMPREHENSIVE INCOME (parent company and consolidated)
(Amounts in € thousand)	Group		Company		(Amounts in € thousand)	Group		Company
ASSETS	30.06.2021	31.12.2020	30.06.2021	31.12.2020		from 01.01 to 30.06.2021	30.06.2020	30.06.2021	from 01.01 to 30.06.2020
Tangible assets	262.521	263.259	250.745	255.834
Investments in property	1.745	1.748	670	672	Turnover	58.181	55.377	51.387	50.232
Intangible assets	191	217	191	217	Gross profit	2.545	1.464	366	245
Other non-current assets	2.562	2.541	8.985	8.901	Earnings / (losses) before taxes, financing and investing results (EBIT)	(6.112)	(7.872)	(6.706)	(7.694)
Inventories	3.186	2.689	1.791	1.597	Earnings / (losses) before taxes (EBT)	(11.456)	(12.601)	(11.796)	(12.283)
Trade receivables	37.248	30.921	35.455	30.052	Earnings / (losses) after taxes (A)	(11.687)	(12.859)	(11.859)	(12.391)
Other current assets	8.910	6.186	7.559	4.870	Owners of the parent	(12.103)	(13.163)
Cash & cash equivalents	11.487	11.421	3.860	3.405	Minority interests	416	304	-	-
TOTAL ASSETS	327.850	318.982	309.256	305.548
					Other comprehensive income after taxes (Β)	53	-	16	-
EQUITY & LIABILITIES					Total comprehensive income after taxes (Α) + (Β)	(11.634)	(12.859)	(11.843)	(12.391)
Share capital	67.440	67.440	67.440	67.440	Owners of the parent	(12.075)	(13.163)	-	-
Other equity items Equity attributable to shareholders of the parent (a)	(93.585) (26.145)	(81.509) (14.069)	(89.231) (21.791)	(77.388) (9.948)	Minority interests	441	304	-	-
Minority interests (b)	13.228	13.134	-	-	Earnings / (losses) after taxes per share basic - (in €)	(0,0538)	(0,0698)	(0,0528)	(0,0657)
Total Equity (c) = (a) + (b)	(12.917)	(935)	(21.791)	(9.948)	Earnings / (losses) after taxes per share diluted - (in €)	(0,0538)	(0,0494)	(0,0528)	(0,0464)
Long-term borrowings	-	-	-	-	Earnings before taxes, financing and investing results,
Provisions and other long-term liabilities	18.220	17.534	14.334	15.537	depreciation and amortization (EBITDA)	(721)	(2.299)	(1.617)	(2.380)
Short-term borrowings	255.288	252.862	255.288	252.862
Other short-term liabilities	67.259	49.521	61.425	47.097	CASH FLOW STATEMENT (parent company and consolidated)
Total liabilities (d)	340.767	319.917	331.047	315.496
TOTAL EQUITY AND LIABILITIES (c) + (d)	327.850	318.982	309.256	305.548	(Amounts in € thousand)	Group			Company
						from 01.01 to			from 01.01 to
						30.06.2021	30.06.2020	30.06.2021	30.06.2020
STATEMENT OF CHANGES IN EQUITY (parent company and consolidated)					Operating activities
					Earnings / (losses) before taxes	(11.456)	(12.601)	(11.796)	(12.283)
(Amounts in € thousand)	Group		Company		Adjustments for:
	30.06.2021	30.06.2020	30.06.2021	30.06.2020	Depreciation	5.394	5.577	5.089	5.314
Equity at the beginning of the period (01.01.2021 and 01.01.2020, respectively)	(935)	3.331	(9.948)	(5.426)	Grants amortization Provisions	(3) 25	(4) 2.091	- 26	- 2.077
Total comprehensive income after taxes	(11.634)	(12.859)	(11.843)	(12.391)	Exchange differences	191	14	191	14
Dividents paid	(348)	(346)	-	-	Results of investing activity	5	(2.024)	(200)	(2.212)
Other equity movements	-	-	-	-	(Profits) / losses from fixed assets' sales	-	(1)	-	-
Equity at the end of the period (30.06.2021 and					Financial expenses (less financial income)	5.189	4.608	5.139	4.619
30.06.2020, respectively)	(12.917)	(9.874)	(21.791)	(17.817)		(655)	(2.340)	(1.551)	(2.471)
					Adjustments for changes in working capital:
					Decrease / (increase) of inventories	(504)	550	(194)	893
					Decrease / (increase) of receivables	(9.082)	(4.848)	(7.942)	(4.893)
ADDITIONAL DATA AND INFORMATION					Increase / (decrease) of liabilities (other than borrowings)	15.868	10.513	14.143	9.466
1. Group entities that are included in the consolidated financial statements are presented in note 1 in the semi annual financial statements as of					Less:
30.06.2021, including locations, percentage Group ownership and consolidation method. It is noted that from 30.06.2020 the Group's financial statements are inclunded under the net equity method to the consoliated financial statements of PIRAEUS BANK due to ΑΝΕΚ's inclusion in the					Interest and financial expenses paid	(593)	(633)	(588)	(628)
portfolio of Bank's associates. 2. The basic accounting principles adopted in the financial statements, are consistent with those of the annual					Income tax paid	(2)	(99)	(2)	(99)
financial statements as at 31.12.2020 adjusted with the revisions to IFRS. 3. There are no litigious disputes or disputes in arbitration against the					Cash flows from operating activities (a)	5.032	3.143	3.866	2.268
Group that could significantly affect the financial position. The recorded relevant provisions for the Group and the Company amounted to € 1.463 thousand. 4. The number of employees at 30.06.2021 was 758 for the Group (690 for the Company), and at 30.06.2020 was 755 (696 for the
Company). 5. At the end of the period no shares of the parent company were possessed by the parent company neither by any subsidiary or					Investing activities
associate company. 6. The provisions for the un-audited tax years of the Group companies, which are presented in note 10 of the annual financial					Acquisition of affiliates, securities and other investments	-	-	-	-
statements, amounted to € 345 thousand (€ 291 thousand for the Company). The accumulated provisions for doubtful debts amounted to € 46.480 thousand for the Group and € 45.068 thousand for the Company, while the provisions for retirement benefits amounted to € 2.874					Proceeds from the sale of securities and other investment	-	-	-	-
thousand for the Group and € 2.684 thousand for the Company. Other provisionsfor the Group and the Company at 30.06.2021 amounted to € 332					Purchase of tangible and intangible assets	(1.494)	(209)	(12)	(8)
thousand. 7. The ratio "Earnings / (losses) after taxes per share basic - (in €)" are calculated based in the weighted average number of total shares.					Proceeds from the sale of property, plant and equipment	-	18	-	-
For the calculation of the diluted earnings per share were taken into account the potential shares from the Parent company's convertible bond according the relevant terms of issue and the IAS 33 requirements. 8. Group's "other comprehensive income" in the statement of comprehensive					Interest received	8	18	-	1
income for the first half of 2021 refers totally to the possitive impact of a taxation rate change on land deferred taxes. 9. Intercompany					Dividents received Cash flow from investing activities (b)	- (1.486)	- (173)	- (12)	- (7)
transactions (inflows and outflows) since the beginning of the current year and intercompany balances as of 30.06.2021 that have resulted from
the transactions with the related parties, as defined by IAS 24, are as follows:					Financing activities
(Amounts in € thousand)		Group	Company		Payments for capital leases	(1.906)	(935)	(1.906)	(935)
a) Inflows		-	3.660		Payments for operational leases	(76)	(137)	(41)	(57)
b) Outflows		1.765	1.789		Proceeds from borrowings	-	-	-	-
c) Receivables		20.831	25.816		Payment of borrowings	(1.452)	(787)	(1.452)	(787)
d) Payables		100.998	101.006		Dividends paid	(46)	(25)	-	-
e) Key management compensations		754	622		Cash flow from financing activities (c)	(3.480)	(1.884)	(3.399)	(1.779)
f) Receivables from key management		-	-
g) Payables to key management		65	31
					Net increase / (decrease) in cash and cash equivalents (a) + (b) + (c)	66	1.086	455	482
					Cash and cash equivalents at beginning of the period	11.421	8.498	3.405	2.019
					Cash and cash equivalents at end of the period	11.487	9.584	3.860	2.501
					Chania, 23 September 2021
THE A' VICE CHAIRMAN THE MANAGING DIRECTOR					THE CHIEF ACCOUNTANT
					THE CHIEF FINANCIAL OFICCER
SPYRIDON I. PROTOPAPADAKIS ID. No. ΑΑ 490648		IOANNIS I. VARDINOYANNIS ID. No. Π 966572			STYLIANOS I. STAMOS ID. No. Μ 068570	IOANNIS E. SPANOUDAKIS H.E.C. License No. 20599/A' CLASS

Certified auditors - accountants: Diamantoulakis Emmanouil (SOEL Reg. No: 13101) - Kollyris Nikolaos (SOEL Reg. No: 35591)

Company's website: www.anek.gr

Date of approval of the interim financial statements by the Board of Directors: September 23, 2021

ANEK LINES S.A.

No of G.E.C.R.: 121557860000

Registered Office: 148 Karamanli Avenue, Chania

any kind of investing decision or other transaction with the Company, to visit the Company's web site, where the financial statements and the auditor's Report, when is reqiuired, are published.

Auditing Firms: GRANT THORNTON (Reg. No 127), SOL SA (Reg. No 125)

Financial data and information for the period 1 January 2021 - 30 June 2021

(according to 4/507/28.04.2009 resolution of Greek Capital Commitee)

The following data and information are to provide users with general information for the financial position and the results of operations of ANEK LINES SA and the Group. Therefore, it is recommended to any user, before proceeding to