Hellenic Bank Public Company LTD

M&A Activity • Apr 11, 2025

11 April 2025

ANNOUNCEMENT

Subject: ANNOUNCEMENT OF THE RESULT OF THE TAKEOVER BID TO THE SHAREHOLDERS OF HELLENIC BANK PUBLIC COMPANY LIMITED

According to the announcement published by Eurobank S.A. (the "Offeror") on 11 April 2025 (the "Announcement"), the acceptance procedure of the mandatory takeover bid (the "Takeover Bid") for the acquisition of up to 100% of the issued share capital of Hellenic Bank Public Company Limited ("Hellenic Bank"), which was submitted on 11 February 2025, was completed on 9 April 2025.

As stated in the Announcement, as at the date of the announcement of the Offeror's submission of the mandatory Takeover Bid (11 February 2025), the Offeror directly held 385.847.001 shares of Hellenic Bank, representing 93,470% of the total issued share capital of Hellenic Bank. No shares were held by any persons considered by the Takeover Bids Law, L.41(I)/2007 as amended (the "Law") as acting in concert with the Offeror, and there were no indirect holdings related to the Offeror.

According to the Announcement, based on the preliminary results, the total acceptance rate of the Takeover Bid reached 4,989%, as acceptance and transfer forms were submitted for 20.593.785 shares of Hellenic Bank. The total acceptance rate, combined with the 93,470% (385.847.001 shares) directly held by the Offeror at the expiry of the Takeover Bid on 9 April 2025, provides the Offeror with a total direct participation of 98,458% (406.440.786 shares) in the issued share capital of Hellenic Bank. It is noted that the final acceptance rate may change in the event that, during the final review of the acceptance and transfer forms and the accompanying required documents, it is found that data is missing or erroneous, and therefore, cannot be accepted.

According to the terms of the Takeover Bid and in accordance with the provisions of section 10(1) of the Law, in view of the fact that the Offeror holds more than 50% of the voting rights in Hellenic Bank, the Takeover Bid is considered successful.

According to the Announcement, upon the completion of the transfer of shares by the shareholders who accepted the Takeover Bid to the Offeror, the Offeror intends to immediately exercise the Squeeze Out right provided by section 36 of the Law in order to acquire 100% of the issued shares of Hellenic Bank at the price of €4,843 per share. This right may be exercised within three months from the end of the time allowed for acceptance of the Takeover Bid.

HELLENIC BANK PUBLIC COMPANY LIMITED