Decisions of the Ordinary General Assembly of 07.12.2022

DECISIONS OF THE ANNUAL ORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF PHILIPPOS NAKAS SA

OF DECEMBER 7TH 2022.

At the Ordinary General Meeting of Shareholders on December 7, 2022, the total number of shares deposited was 5.054.916, i.e. 79.73% of the total share capital.
The attendees then approved the following:

1. The annual Financial Report of the Company and the Group for the fiscal year 2022 (01.07.2021 - 30.06.2022) with the annual Financial Statements (corporate and consolidated) of the said fiscal year, the relevant annual Reports of the Board of Directors and the Auditors, as well as the Report of the Independent Non-Executive Members of the Board of Directors to the Annual General Meeting of shareholders on December 7, 2022.

2. The overall management according to article 108 of Law 4548/2018 of the year 01.07.2021 - 30.06.2022 as well as the release of the Auditors from any responsibility.

3. The Remuneration Report of the Members of the Board of Directors according to article 112 L. 4548/2018 for the period 01.07.2021 to 30.06.2022 and the Report of the Independent Certified Public Accountant about the completeness of the information included in the Remuneration Report According with article 112 of Law 4548/2018.

4. The appointment of the company "S.O.L. SA CERTIFIED AUDITORS ACCOUNTANTS» Fok. Negri 3, Athens, for the audit of the year 01.07.2021 - 30.06.2022 and specifically the certified public accountants Mr. Vaios A. Rizoulis with SOEL Reg. no. 22041 as regular and Mr. Agelos Κ. Dionysopoulos with SOEL Reg No.39101 as substitute.

5. The payment as a dividend of the amount of € 634.000, ie € 0.10 per share. Finally, the Board of Directors was authorized to set the date of cut and payment of the dividend and proceed with the relevant announcements.

6. The increase of the share capital by capitalization of part of the reserve of the difference in favor of the amount of € 507.200 with an increase of the nominal value of the share by €0.08.

7. The reduction of the share capital by € 507.200 and the return to the shareholders of €507,200 with a corresponding reduction of the nominal value of the share by € 0.08. The Board of Directors was also authorized to set the date of cut and payment of the return of capital to the beneficiaries and proceed with the appropriate announcements.

8. The amendment of article 5 of the articles of association with the completion of the following changes in the share capital:
- With the decision of the Ordinary General Meeting of 07.12.2022, the share capital of the company is increased by € 507.200 by capitalizing the reserve from the issuance of premium shares and with a corresponding increase in the nominal value of each share by € 0.08. Thus, the share capital amounts to the amount of € 4.311.200,00 and is divided into 6.340.000 registered shares with a nominal value of € 0.68 per share.
- With the decision of the Ordinary General Meeting of 07.12.2022, the share capital of the company is reduced by € 507.200 with a return of cash to the shareholders of € 507.200 with a reduction of the nominal value of the share by € 0.08. Thus the share capital amounts to € 3.804.000,00 and is divided into 6.340.000 registered shares with a nominal value of € 0.60 per share.