The Board of Directors of “TRASTOR S.A.” announces that on May 21, 2026, it decided and approved the signing of purchase and sale agreements for the Company’s acquisition of the following:
(a) a multi-story building located at 8 Karagiorgi Servias Street, in Athens, Attica, for a consideration of Twenty-Six Million Euros (€26,000,000.00),
(b) a multi-story building located at 58 Athinas Street, in Athens, Attica, for a consideration of Five Million Three Hundred Fifty Thousand Euros (€5,350,000.00), and
(c) a multi-story building located at 5 Lykourgou Street, Eupolidos No. 6, and Apellou No. 1, in Athens, Attica, for a price of Seven Million Two Hundred Ninety-Five Thousand Euros (€7,295,000.00),
all of the above currently owned by the company under the name “ANONYMOUS HELLENIC GENERAL INSURANCE COMPANY, THE NATIONAL” and the distinctive title “A.E.E.G.A. “ETHNIKI””, headquartered in Athens, Attica, at 103-105 Syngrou Avenue, with GEMI No. 000224801000 and Tax ID No. 094003849 of the Attica Tax Office, as legally represented.
The current owner company, “ANONYMOUS HELLENIC GENERAL INSURANCE COMPANY, "ETHNIKI," is a wholly-owned subsidiary of the public limited banking company named "Piraeus Bank S.A.," headquartered in Athens, Attica, at 4 Amerikis Street, with GEMI No. 157660660000 and Tax Identification Number (AFM) 996763330 of the Attica Tax Office, as legally represented.
“Piraeus Bank S.A.” is also the parent company of the Company, as it currently holds 83.92% of the Company’s paid-in share capital, which results in the conclusion of the aforementioned purchase and sale agreements between the Company and “ANONYMOUS HELLENIC GENERAL INSURANCE COMPANY, "ETHNIKI" constitute transactions of the Company with a related party, in accordance with Article 48 of Law 5193/2025, as currently in force, and Article 99(1) of Law 4548/2018, as currently in force, and the procedure set forth in Articles 100 and 101 of Law 4548/2018, as currently in force, must be followed.
In light of the foregoing, the Board of Directors granted, pursuant to Article 100 of Law 4548/2018, as currently in force, for the Company to enter into the aforementioned three (3) transactions with a related party, as well as to sign any other document required for the execution of the transactions.
The aforementioned decision of the Company’s Board of Directors dated May 21, 2026, regarding the granting of authorization to enter into the aforementioned transactions, was adopted in accordance with the provisions of Article 48(2) of Law 5193/2025, as currently in force, based on:
(a) with regard to the property located at 8 Karagiorgi Servias Street, Athens, the January 2026 valuation report of the transferred property prepared by the independent certified appraiser “P. Danos & Associates S.A., attached to the aforementioned decision, as well as in accordance with the provisions of Article 101(1) of Law 4548/2018, as currently in force, based on the report dated May 18, 2026, attached to the aforementioned decision “Fairness Opinion on the fairness and reasonableness of the proposed transaction in accordance with the provisions of Article 101 of Law 4548/2018 in the context of the proposed purchase of the property located at 8 Karagiorgi Servias Street, Athens,” prepared by the independent Certified Public Accountant, Mr. Eleftherios Koutsopoulos (SOEL Reg. No.: 44651) of the auditing firm “Grant Thornton.”
(b) regarding the property located at 58 Athinas Street, in Athens, the valuation report dated April 27, 2026, of the value of the transferred property by the independent certified appraiser “Axies S.A.”, attached to the aforementioned decision, as well as in accordance with the provisions of Article 101(1) of Law 4548/2018, as currently in force, based on the “Report on the Fairness and Reasonableness of the Proposed Transaction in accordance with the provisions of Article 101(1) of Law 4548/2018,” dated May 18, 2026, attached to the aforementioned decision “Fairness Opinion on the proposed transaction in accordance with the provisions of Article 101 of Law 4548/2018 in the context of the proposed purchase of the property located at 58 Athinas Street, Municipality of Athens,” prepared by the independent Certified Public Accountant, Mr. Eleftherios Koutsopoulos (SOEL Reg. No.: 44651) of the auditing firm “Grant Thornton.”
(c) regarding the property located at 5 Lykourgou Street, 6 Evpolidos Street, and 1 Apellou Street, in Athens, the April 2026 valuation report of the transferred property by the independent certified appraiser “P. Danos & Associates S.A.”, attached to the aforementioned decision, as well as in accordance with the provisions of Article 101(1) of Law 4548/2018, as currently in force, based on the “Report on the Fairness and Reasonableness of the Proposed Transaction in accordance with the provisions of Article 101(1) of Law 4548/2018,” dated May 18, 2026, attached to the aforementioned decision “Evaluation Report on the fairness and reasonableness of the proposed transaction in accordance with the provisions of Article 101 of Law 4548/2018 in the context of the proposed purchase of real estate located at 1 Apellou Street, 5 Lykourgou Street, and 6 Evpolidos Street, in the Municipality of Athens,” prepared by the independent Certified Public Accountant, Mr. Eleftherios Koutsopoulos (SOEL Reg. No.: 44651) of the auditing firm “Grant Thornton.”
According to the three (3) aforementioned reports of the auditing firm “Grant Thornton,” each of the above transactions and their consideration, as examined in each report of the auditing firm, is assessed as fair and reasonable for the Company and any other shareholder thereof who is not a related party, including minority shareholders, pursuant to the provisions of Article 101(1) of Law 4548/2018, as currently in force.
These three (3) transactions serve the corporate interest, as they contribute to the fulfillment and advancement of the Company’s purpose and investment plan, taking into account the strategic location of all three (3) properties in the commercial center of Athens, are concluded on arm’s-length terms, and are fair, reasonable, and beneficial to the Company and its shareholders.