Dromeas S.A.

Interim / Quarterly Report • Sep 27, 2021

The figures and information illustrated below, derived from the financial statements, provide a general information about the financial position and results of "PAPAPANAGIOTOU S.A. - DROMEAS" and of the Group of companies "PAPAPANAGIOTOU S.A. - DROMEAS". We advise the reader, before making any investment decision or other transaction concerning the company, to visit the company's web site where the audit report of the external auditor and the financial statements are presented, according to the International Financial Reporting Standards.

Share capital (34.720.000 shares of 0,31 €)	10,763	10,763	10,763	10,763		THE GROUP		THE COMPANY
Other equity capital	16,259	16,316	17,144	17,232		1/1-30/6/21	1/1-30/6/20	1/1-30/6/21	1/1-30/6/20
Total Equity Capital of Parent Company's Holders (a)	27,022	27,079	27,907	27,995	Operational Activities
Minority interest (b)	158	155	0	0	Profit /(loss) before taxes (continuing activities)	118	294	93	352
Total Equity capital (c) = (a)+(b)	27,180	27,234	27,907	27,995	Plus / minus adjustments for :
Long - term loan liabilities	18,172	18,438	17,972	18,187	Depreciation	637	671	577	611
Deferred long - term tax liabilities	3,505	3,552	3,281	3,330	Provisions	0	0	0	0
Provisions / Other long-term liabilities	2,381	2,257	1,672	1,537	Exchange differences	6	0	6	0
Short - term loan liabilities	9,233	9,194	9,133	9,093	Debit interest and similar expenses	551	280	541	271
Other short - term liabilities	4,856	4,801	4,951	4,711	Returns (income, expenses, profit, loss) from investment activity	(89)	(78)	(89)	(89)
Total liabilities(d)	38,147	38,242	37,009	36,858	Plus/minus adjustments concerning changes in working capital accounts
TOTAL EQUITY CAPITAL AND LIABILITIES (c) + (d)	65,327	65,476	64,916	64,853	or related to operating activities:

Total Equity Capital of Parent Company's Holders (a)	27,022	27,079	27,907	27,995	Operational Activities
Minority interest (b)	158	155	0	0	Profit /(loss) before taxes (continuing activities)	118	294	93	352
Total Equity capital (c) = (a)+(b)	27,180	27,234	27,907	27,995	Plus / minus adjustments for :
Long - term loan liabilities	18,172	18,438	17,972	18,187	Depreciation	637	671	577	611
Deferred long - term tax liabilities	3,505	3,552	3,281	3,330	Provisions	0	0	0	0
Provisions / Other long-term liabilities	2,381	2,257	1,672	1,537	Exchange differences	6	0	6	0
Short - term loan liabilities	9,233	9,194	9,133	9,093	Debit interest and similar expenses	551	280	541	271
Other short - term liabilities	4,856	4,801	4,951	4,711	Returns (income, expenses, profit, loss) from investment activity	(89)	(78)	(89)	(89)
Total liabilities(d)	38,147	38,242	37,009	36,858	Plus/minus adjustments concerning changes in working capital accounts
TOTAL EQUITY CAPITAL AND LIABILITIES (c) + (d)	65,327	65,476	64,916	64,853	or related to operating activities:
					Increase (decrease) in inventories	(1,117)	(1,071)	(1,166)	(998)
	INCOME STATEMENT				Increase/decrease in other receivables	(700)	(1,622)	(732)	(1,649)
(consolidated and non consolidated) amounts in thousand €					Increase/decrease in liabilities (excluding loans)	215	1,682	401	1,612
					Minus:
		THE GROUP		THE COMPANY	Income taxes paid	0	0	0	0
	1/1-30/6/21	1/1-30/6/20	1/1-30/6/21	1/1-30/6/20	Total of cash flow (inflows - outflows) from operating activities (a)	(379)	156	(369)	110
Turnover	8,957	9,902	8,855	9,794	Investemetn Activities
Gross profit/(loss)	3,717	3,418	3,580	3,341	Purchase of tangible and intangible fixed assets and other investments	(337)	(188)	(337)	(188)
Profit / (loss) before taxes, interest and investment					Proceeds from the sales of tangible and intangible assets	26	1	26	0
results	572	765	537	814	Proceeds from sale of financial investments	0	0	0	0
Profit / (loss) before taxes	118	294	93	352	Interest received	0	0	0	0
Profit / (loss) after taxes (A)	91	397	69	461	Proceeds from dividends	0	0	0	0
Equity holders of Parent company	90	398	69	461	Increase/(decrease) in other long - term receivables	0	0	0	0
Minority interest	1	(1)	0	0	Total of cash flow (inflows - outflows) from investment activities (b)	(311)	(187)	(311)	(188)
					Financing Activities
Other total earnings after taxes (B)	0	0	0	0	Proceeds from increase of Share Capital	0	0	0	0
Total comprehensive earnings after taxes (A) + (B)	91	397	69	461	Dividends paid	0	0	0	0
Equity holders of Parent company	90	398	69	461	Proceeds from issued/received loans	5,729	8,577	5,729	8,577
Minority interest	1	(1)	0	0	Repayment of loans	(6,503)	(8,221)	(6,472)	(8,191)
					Repayment of finance lease liabilities (amortization)	0	0	0	0
Profit / (loss) after taxes per share (in €)	0,0026	0,0115	0,0020	0,0133	Total of cash flow (inflows - outflows) from financing activities ( c)	(774)	356	(743)	386
Proposed Dividend			0.0000	0.0000	Net increase/(decrease) in cash and	(1,464)	325	(1,423)	308
Profit / (loss) before taxes, interest and investment results					cash equivalents (a)+(b)+( c)

Competent Authority - Prefecture:
Website address:	www.dromeas.gr
Date of Approval of Annual Financial Statements:	24th of September 2021
Board of Directors:	Prsident and CEO: Athanasios Κ. Papapanagiotou.
					Vice President: Grigorios B. Zarotiadis , Executive Members: Konstantinos A. Papapanagiotou, Stavroula A. Papakonstantinou
	Independand, Non Executive Members: Panangiotis Α. Panangiotakakis, Ιoannis Κ. Verginisi
Certified Auditor Accountant:					Dimitrios G. Plastaras Register Number of the Body of Certified Auditors Accountants 27771)
Auditing Firm:
Type of auditor's report:		METRON AUDITING S.A. (Register Number of the Body of Certified Auditors Accountants 158) Confirmed Opinion
	BALANCE SHEET				STATEMENT OF CHANGES IN SHAREHOLDER EQUITY
	(consolidated and non consolidated) amounts in thousand €				(consolidated and non consolidated) amounts in thousand €
	THE GROUP		THE COMPANY			THE GROUP			THE COMPANY
ASSETS	30-06-21	31-12-20	30-06-21	31-12-20		1/1-30/6/21	1/1-30/6/20	1/1-30/6/21	1/1-30/6/20
Non current tangible fixed assets	35,103	35,583	31,650	32,043	Total equity capital at beginning of period (1/1/21and 1/1/20 respectively)	27,234	26,491	27,995	27,184
Intangible assets	104	127	50	68	Total comprehensive income after taxes	91	397	69	461
Other non-current assets	789	784	3,823	3,819	Distributed Dividends	0	0	0	0
Inventories	15,396	14,132	15,164	13,852	Other changes	(145)	11	(157)	0
Advances for inventories purchase	265	412	265	411	Total equity capital at end of period(30/06/21 and 30/06/20 respectively)	27,180	26,899	27,907	27,645
Trade receivables	10,597	9,863	11,223	10,509
Other current assets	3,073	4,575	2,741	4,151
TOTAL ASSETS	65,327	65,476	64,916	64,853
					CASH FLOW STATEMENT
EQUITY CAPITAL & LIABIBLITIES					(consolidated and non consolidated) amounts in thousand €
Share capital (34.720.000 shares of 0,31 €)	10,763	10,763	10,763	10,763			THE GROUP		THE COMPANY
Other equity capital	16,259	16,316	17,144	17,232		1/1-30/6/21	1/1-30/6/20	1/1-30/6/21	1/1-30/6/20

and total depreciation 1,209 1,437 1,114 1,425 Cash and cash equivalents at beginning of period 3,536 1,635 3,333 1,491

Cash and cash equivalents at end of period 2,072 1,960 1,910 1,799

ADDITIONAL FIGURES AND INFORMATION

1. The Group of companies that are included in the consolidated financial statements with their 7. The amounts of purchases and sales (transactions) from the beginning of the fiscal year and the balances addresses and the percentage of ownership are as follows: of assets and liabilities at the end of the current fiscal year, resulting from transactions with related parties,

Κ.Ε.Μ. Α.Β.Ε.Ε., IND.AREA SERRES	92.54%			GROUP	COMPANY
DROMEAS B.G. EAD, Sofia-Bulgaria	100.00%			30-06-21	30-06-21
No changes in the incorporation method have occurred and there are no companies or / and joint ventures			a) Income	-	64,167
not included in the consolidated Financial Statements.			b) Expenses	24,484	517,166
2.All accounting principles applied in these Financial Statements are the same as those applied at 31/12/2020			c) Receivables from related parties	-	755,805
3. The fixed assets and the mechanical equipment of the Parent company have been pledged for			d) Liabilities to related parties	5,778	381,851
the total amount of 21.300 thousand € in order to cover an equal amount of loan liabilities.			e) Transactions and remunerations of managers and Board members	216,778	199,725
4. The number of employees in the group and the company is:			f) Receivables from managers and Board members	77,454	-
	GROUP	COMPANY	g) Liabilites of managers and Board members	20,192	20,192

		GROUP		COMPANY	g) Liabilites of managers and Board members	20,192
	30-06-21	30-06-20	30-06-21	30-06-20
Employees (at mentioned period)	56	54	53	52	8. The profit per share in the current and previous period have been calculated according to the weighted average
Workers (at mentioned period)	217	235	193	206	number of shares of the Parent company.
Total	273	289	246	258	9. The unaudited tax years of the Parent company and of the other Group companies are presented in detail in the

Total 273 289 246 258 9. The unaudited tax years of the Parent company and of the other Group companies are presented in detail in the corresponding section of the annual financial report.

Full consolidation method according to IFRS 24, are as follows (in €): PAPAPANAGIOTOU S.A. - DROMEAS, Industrial Area of Serres Parent company

5. There are no litigations under dispute or under arbitration of judicial or administrative bodies, that may have important 10. At the end of the current fiscal year, there are no shares of the Parent company possesed by the Parent

repercussion in the financial position of the Company and the Group. company or by the subsidiaries and associated companies.

6. The provision amount for bad debts on 30/6/2021 comes up to 665.530 € for the Group and for the Company to 11. There are no other significant issues after 30/6/2021, which would diversify 663.150 €. The company has no tax cases under dispute, while for the unaudited fiscal years has formed sufficient the published data and information in the Financial Statements

provision of of total amount to € 103.353. The other formed provisions on 30/6/2021 come up to 12. There has not occurred an interruption of individual sectors or company of the Group.

227.871 € fort he Group and 222.686 € for the Company. 13. Analysis of the other changes in Equity capital is included in the respective notes of the Annual Financial Report.

For more information, please refer to the respective notes of the annual financial report.

Chairman and CEO THE EXECUTIVE MEMBER Chief Accountant ATHANASIOS K. PAPAPANAGIOTOU STAVROULA A. PAPAKONSTANTINOU THEODOROS TRIANTAFYLLIDIS I.D. ΑM 430530 I.D. Ξ 430531 First Class Accountant, Reg. No.: 65724

Σύμφωνα με την Απόφαση 4/507/28.04.2009 του Διοικητικού Συμβουλίου της Επιτροπής Κεφαλαιαγοράς

COMPANY'S HEADQUARTERS: INDUSTRIAL AREA OF SERRES - MUNICIPALITY OF LEFKONAS SERRES

ORDROME25
$F$ FIGE FUR

PAPAPANAGIOTOU S.A. - "DROMEAS"

INDUSTRIAL JOINT-STOCK COMPANY OF COMMERCE AND AGENCIES

Number of General Commercial Register 114048152000 (Register Number of Joint Stock Companies 11045/06/Β/86/10)

FIGURES AND INFORMATION FOR THE FISCAL PERIOD FROM JANUARY 1st 2021 TO JUNE 30th 2021