PPC announces that the following changes have occurred in the Greek State’s direct and indirect holdings in PPC, in the context of the PPC share capital increase carried out pursuant to the relevant decision of the General Meeting of Shareholders dated May 14, 2026, in conjunction with subsequent decisions of the PPC Board of Directors (“"Share Capital Increase"):
Prior to the PPC Share Capital Increase, the Greek State held an indirect 35.3% stake in PPC’s share capital and voting rights through the Hellenic Corporation of Assets and Participations S.A. ("EESYP"), whose sole shareholder is the Greek State.
In the context of PPC’s capital increase, the following took place:
a) The Greek State acquired (through the Minister of National Economy and Finance, acting pursuant to the relevant provision in Article 119 of Law 5301/2026) a direct stake in PPC corresponding to 11.58% of PPC’s share capital and voting rights (i.e., 69,180,631 shares).
b) EESYP did not participate in PPC’s capital increase. Consequently, EESYP’s direct stake in PPC now corresponds to 21.82% of PPC’s share capital and voting rights (i.e., 130,349,860 shares).
It follows from the above that the Greek State holds, on the one hand, a direct 11.58% stake in the share capital and voting rights of PPC, and, on the other hand, indirectly (through EESYP, of which it is the sole shareholder), a 21.82% stake in the share capital and voting rights of PPC.
Consequently, the Greek State’s total stake, both direct and indirect, amounts to 199,530,491 PPC shares, corresponding to 33.4% of PPC’s share capital and voting rights.