Opap S.A.

Capital/Financing Update • Sep 26, 2025

Exercise of the Call Option for Early Repayment of the Total Bonds of the Common Bond Loan dated October 27, 2020 issued by OPAP S.A.

OPAP S.A. (hereinafter the "Company") announces that the Board of Directors, at its meeting held on 26 September 2025, resolved, within the framework of its refinancing policy and the extension of the duration of its existing debt, to exercise the call option for early repayment of the total bonds issued under the Common Bond Loan dated October 27, 2020 (hereinafter the "CBL"), in accordance with terms 4.2 and 4.3 of the CBL program (the "Program").

Specifically, the early repayment right will be exercised at the end of the 10th Interest Period, i.e., on October 27, 2025, by paying the bondholders the amounts provided under term 4.3 of the Program, namely 100.5% of the nominal value of the CBL plus accrued interest and other expenses and taxes.

The Company irrevocably undertakes to pay the above amount at the end of the 10th Interest Period, i.e., on October 27, 2025.

As a result of the full and complete repayment of the Bonds at the end of the 10th Interest Period, i.e., October 27, 2025, the fully and completely repaid Bonds will be cancelled in accordance with term 4.6 of the Program and the ATHEX CSD Rulebook.

ATHENS, 26.09.2025

OPAP S.A.