Anek Lines S.A.

Interim / Quarterly Report • Sep 29, 2022

Auditing Firms: GRANT THORNTON (Reg. No 127), SOL SA (Reg. No 125) 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
	30.06.2022	31.12.2021	30.06.2022	31.12.2021			from 01.01 to	from 01.01 to
ASSETS						30.06.2022	30.06.2021	30.06.2022	30.06.2021
Tangible assets	228.028	230.546	214.714	218.413
Investments in property	1.565	1.568	538	540	Turnover	74.222	58.181	64.732	51.387
Intangible assets	140	166	140	166	Gross profit	(7.549)	2.545	(8.540)	366
Other non-current assets	2.198	2.038	9.273	8.830	Earnings / (losses) before taxes, financing and investing results (EBIT)	(16.476)	(6.112)	(15.565)	(6.706)
Inventories	5.554	3.848	3.381	2.327	Earnings / (losses) before taxes (EBT)	(21.929)	(11.456)	(20.686)	(11.796)
Trade receivables	33.520	30.302	29.144	26.103	Earnings / (losses) after taxes (A)	(21.962)	(11.687)	(20.735)	(11.859)
Other current assets	10.441	6.790	7.565	4.819	Owners of the parent	(22.580)	(12.103)
Cash & cash equivalents	9.591	5.653	2.697	1.643	Minority interests	618	416	-	-
TOTAL ASSETS	291.037	280.911	267.452	262.841
					Other comprehensive income after taxes (Β)	0	53	0	16
EQUITY & LIABILITIES					Total comprehensive income after taxes (Α) + (Β)	(21.962)	(11.634)	(20.735)	(11.843)
Share capital	67.440	67.440	67.440	67.440	Owners of the parent	(22.580)	(12.075)	-	-
Other equity items	(144.530)	(121.943)	(140.619)	(119.884)	Minority interests	618	441	-	-
Equity attributable to shareholders of the parent (a)	(77.090)	(54.503)	(73.179)	(52.444)
Minority interests (b)	14.623	14.020	-	-	Earnings / (losses) after taxes per share basic - (in €)	(0,1004)	(0,0538)	(0,0922)	(0,0528)
Total Equity (c) = (a) + (b)	(62.467)	(40.483)	(73.179)	(52.444)	Earnings / (losses) after taxes per share diluted - (in €)	(0,1004)	(0,0538)	(0,0922)	(0,0528)
Long-term borrowings	1.950	-	-	-	Earnings before taxes, financing and investing results,
Provisions and other long-term liabilities	16.345	18.122	13.442	15.029	depreciation and amortization (EBITDA)	(12.031)	(721)	(11.668)	(1.617)
Short-term borrowings	264.661	260.099	264.336	260.099
Other short-term liabilities	70.548	43.173	62.853	40.157
Total liabilities (d)	353.504	321.394	340.631	315.285	CASH FLOW STATEMENT (parent company and consolidated)
TOTAL EQUITY AND LIABILITIES (c) + (d)	291.037	280.911	267.452	262.841	(Amounts in € thousand)		Group	Company
							from 01.01 to	from 01.01 to
						30.06.2022	30.06.2021	30.06.2022	30.06.2021
					Operating activities
STATEMENT OF CHANGES IN EQUITY (parent company and consolidated)

Financial data and information for the period 1 January 2022 - 30 June 2022

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

c) Receivables	15.240	21.515	Proceeds from borrowings	2.000	-	-	-
d) Payables	104.118	104.118	Payment of borrowings	(44)	(1.452)	(44)	(1.452)
e) Key management compensations	747	619	Dividends paid	(6)	(46)	-	-
f) Receivables from key management	-	-	Cash flow from financing activities (c)	673	(3.480)	(1.138)	(3.399)
g) Payables to key management	63	26
			Net increase / (decrease) in cash and cash equivalents (a) + (b) + (c)	3.938	66	1.054	455
			Cash and cash equivalents at beginning of the period	5.653	11.421	1.643	3.405
			Cash and cash equivalents at end of the period	9.591	11.487	2.697	3.860
			Chania, 29 September 2022
THE A' VICE CHAIRMAN	THE MANAGING DIRECTOR		THE CHIEF FINANCIAL OFICCER	THE CHIEF ACCOUNTANT

STATEMENT OF CHANGES IN EQUITY (parent company and consolidated)					Earnings / (losses) before taxes	(21.929)	(11.456)	(20.686)	(11.796)
(Amounts in € thousand)	Group		Company		Adjustments for:
	30.06.2022	30.06.2021	30.06.2022	30.06.2021	Depreciation	4.448	5.394	3.897	5.089
Equity at the beginning of the period (01.01.2022 and					Grants amortization	(3)	(3)	-	-
01.01.2021, respectively)	(40.483)	(935)	(52.444)	(9.948)	Provisions	22	25	20	26
Total comprehensive income after taxes	(21.962)	(11.634)	(20.735)	(11.843)	Exchange differences	546	191	546	191
Dividents paid	-	(348)	-	-	Results of investing activity	(157)	5	(439)	(200)
Other equity movements	(22)	-	-	-	(Profits) / losses from fixed assets' sales	-	-	-	-
Equity at the end of the period (30.06.2022 and					Financial expenses (less financial income)	5.065	5.189	5.016	5.139
30.06.2021, respectively)	(62.467)	(12.917)	(73.179)	(21.791)		(12.008)	(655)	(11.646)	(1.551)
					Adjustments for changes in working capital:
					Decrease / (increase) of inventories	(1.705)	(504)	(1.053)	(194)
ADDITIONAL DATA AND INFORMATION					Decrease / (increase) of receivables	(6.801)	(9.082)	(5.782)	(7.942)
					Increase / (decrease) of liabilities (other than borrowings)	26.256	15.868	21.389	14.143
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:
30.06.2022, 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	(587)	(593)	(536)	(588)
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)	-	(2)
financial statements as at 31.12.2021 adjusted with the revisions to IFRS. 3. There are no litigious disputes or disputes in arbitration against the					Cash flows from operating activities (a)	5.155	5.032	2.372	3.866
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 30.06.2022 was 730 for the Group (655 for the Company) and at 30.06.2021 was 758for the Group (690 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	(7)	-	(8)	-
statements, amounted to € 220 thousand (€ 166 thousand for the Company). The accumulated provisions for doubtful debts amounted to € 46.755					Proceeds from the sale of securities and other investment	-	-	-	-
thousand for the Group and € 47.560 thousand for the Company, while the provisions for retirement benefits amounted to € 1.481 thousand for the Group and € 1.410 thousand for the Company. Other provisions amounted to € 157 thousand for the Group and to € 151 thousand for the Company. 7.					Purchase of tangible and intangible assets	(1.886)	(1.494)	(172)	(12)
The ratio "Earnings / (losses) after taxes per share basic - (in €)" are calculated based in the weighted average number of total shares. For the					Proceeds from the sale of property, plant and equipment	-	-	-	-
calculation of the diluted earnings per share were taken into account the potential shares from the Parent company's convertible bond according					Interest received	3	8	-	-
the relevant terms of issue and the IAS 33 requirements. 8. Intercompany transactions (inflows and outflows) since the beginning of the current year and intercompany balances as of 30.06.2022 that have resulted from the transactions with the related parties, as defined by IAS 24, are as					Dividents received	-	-	-	-
follows:					Cash flow from investing activities (b)	(1.890)	(1.486)	(180)	(12)
(Amounts in € thousand)		Group	Company		Financing activities
a) Inflows		2	3.673		Payments for capital leases	(1.139)	(1.906)	(988)	(1.906)
b) Outflows		1.902	1.933		Payments for operational leases	(138)	(76)	(106)	(41)
c) Receivables		15.240	21.515		Proceeds from borrowings	2.000	-	-	-

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.

Certified auditors - accountants: Antonakakis Konstantinos (SOEL Reg.: 22781) - 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 29, 2022

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