The Board of Directors of “TRASTOR A.E.E.A.P.” (hereinafter the “Company”) announces that, on 23 October 2026, it decided and approved the signing of a sale and purchase agreement for the Company to acquire a multi-storey building at 1 Skouleniou Street, Athens, Attica, for €4,260,000.00. The property is currently owned by “ANONYMOUS GREEK GENERAL INSURANCE COMPANY, ETHNIKI”, trading as “A.E.E.G.A. ‘ETHNIKI’”, with registered offices at 103-105 Syngrou Avenue, Athens, Attica, General Commercial Registry No. 000224801000 and Tax Identification Number 094003849, registered with the Attica Tax Office, duly represented.
The current owner, “ANONYMOUS GREEK GENERAL INSURANCE COMPANY, ETHNIKI”, is a wholly owned subsidiary of the banking company “Piraeus Bank S.A.”, with registered offices at 4 Amerikis Street, Athens, Attica, General Commercial Registry No. 157660660000 and Tax Identification Number 996763330, registered with the Attica Tax Office, duly represented.
“Piraeus Bank S.A.” is also the Company’s parent, as it currently holds 83.89% of the Company’s paid-up share capital. As a result, the sale and purchase agreement between the Company and “ANONYMOUS GREEK GENERAL INSURANCE COMPANY, ETHNIKI” constitutes a related-party transaction under Article 48 of Law 5193/2025, as in force, and Article 99(1) of Law 4548/2018, as in force. The procedure set out in Articles 100 and 101 of Law 4548/2018, as in force, must therefore be followed.
In this context, the Board of Directors granted the special authorisation required under Article 100 of Law 4548/2018, as in force, for the Company to enter into the above-described related-party transaction, and to sign any other documents required to complete it.
The Board’s decision of 23 October 2026 to authorise the transaction was made in accordance with Article 48(2) of Law 5193/2025, as in force, on the basis of a valuation report dated 15 October 2026 on the value of the property being transferred, prepared by the independent certified valuer “P. Danos & Associates S.A.” and attached to the decision. It was also made in accordance with Article 101(1) of Law 4548/2018, as in force, on the basis of the report dated 20 October 2026, attached to the decision, entitled “Assessment of the fairness and reasonableness of the proposed transaction under Article 101 of Law 4548/2018 in connection with the proposed purchase of the property at 1 Skouleniou Street, Agioi Theodoroi Square, Municipality of Athens”. The report was prepared by independent statutory auditor Mr Eleftherios Koutsopoulos (SOEL Registration No. 44651) of the audit firm “Grant Thornton”.
According to the report by audit firm “Grant Thornton”, the transaction under review and its consideration, as assessed in the report, are considered fair and reasonable for the Company and every other shareholder that is not a related party, including minority shareholders, under Article 101(1) of Law 4548/2018, as in force.
The transaction serves the Company’s interests, as it helps fulfil and advance the Company’s purpose and investment plan. It also takes into account the property’s strategic location near Klafthmonos Square, in central Athens, and is being conducted on market terms. It is fair, reasonable and beneficial to the Company and its shareholders.