Launch of Equity Share Acquisition Program

Announcement

Launch of Equity Share Acquisition Program

PAPOUTSANIS S.A. (hereinafter the "Company"), following the decision of the Annual General Meeting of its shareholders of 24.04.2025 and the relevant decision of its Board of Directors of 20.05.2025, announces its intention to start the implementation of its own shares acquisition program. The purchases of treasury shares will be made through "BETA HARMONY S.A. FINANCIAL WORKS".

The above resolutions provide for the acquisition of a maximum number of 1.354.929 shares (up to 5% of the total paid-up share capital of the Company), provided that this number will be adjusted in case of corporate transactions that without new contributions lead to a change in the total number of shares, such as for example in case of a division or merger of shares, with a minimum purchase price of €1 per share and a maximum purchase price of €5.00 per share and the program will last until 24.04.2027.

The same shares acquired may be disposed of in any manner permitted by law. Indicatively, the same shares may (a) be cancelled, following a decision of the general meeting to reduce the share capital, and/or (b) be distributed to the Company's staff and/or members of the management of the Company in the context of the establishment of a share distribution plan pursuant to article 113 of Law no. 4548/2018 and/or within the framework of a free share distribution scheme pursuant to article 114 of Law 4548/2018, always in accordance with the remuneration policy in force at the time and following the adoption of the relevant resolutions establishing such schemes by the competent body.