Change Required Shareholders of ELLAKTOR in GA – New CA and New Strategic Plan

A vote of confidence in the new Board of Directors and the new Strategic Plan were given by the shareholders of the Group, recognizing the need for a change for ELLAKTOR in order to ensure the value to long term for investors

which took place today at the Group's head office, the three applications submitted on June 13 by two of the major shareholders were voted. Anastasios and Dimitrios Kallitsantsis, through the company PEMANOARO LTD (which controls directly). Specifically voted:

With 52.92% currently the request for dismissal of all members of the Board of Directors of ELLAKTOR SA

With a percentage of 54.55% present for the election of nine members of the new Board of Directors of ELLAKTOR SA

With a current demand of 54.55% for the election of the members of the Audit Committee of the Company in accordance with the law. Article 44 of the Law 4449/2017

Following the three numbers mentioned above of the agenda of the ordinary general meeting, the new board of directors of ELLAKTOR SA (19659008) Georgios Provopoulos

In addition, they were elected under the l. Article 44 of Law 4449/2017 as members of the audit committee of the company:

• Chariton Kyriazis, MM. Anastasios and Dimitrios Kallitsantsis as part of their request for complete change of the Board of Directors, the first priority will be the strengthening of corporate governance based on international best practices

  Parallel to:

  • The Group reorganization will focus on removing the partition between individual activities to achieve effective synergies, and within 90 days will be renowned executives in the key positions they currently lack, such as the CFO
  • The Restructuring (19659008) With respect to ELLAKTOR 's strategic plan, the focus remains on construction (anticipating the consolidation of AKTOR for it to reach a level of. higher capital adequacy). being able to be profitable abroad), concessions, waste management and wind farms

  In particular, the strategic priorities in each of the individual actions The characteristics of ELLAKTOR are:

  • Construction: Priority to the profitability against a mere increase in the delay, focusing on the projects that ELLAKTOR has a competitive advantage of the experience and the emergence of new people through the company in key positions, using the accumulated knowledge of the most experienced managers. 19659008] Concessions: extension of concessions acquired and capitalization of the leading position in the concession area to claim new concession projects
  • Wind farms: realization of existing investment
  • Environment (waste management) : restore the reputation of the company and claim the many opportunities that exist in Southeast Europe
  • Rest of the activity: review the business model in the real estate and examine the prospects of cash -flow.

  It is noted that at the General Meeting, 271 shareholders were present in person or by proxy, representing 138,323,924 bearer shares (and 138,323,924 voting rights) out of a total of 177,001. 313 bearer shares (and 177,001,313 voting rights), ie participation in the general meeting of July 25, reached 78.15% of the total number of shareholders, the highest of Last 8 years

  Referring to the resolutions of the shareholders at today's Ordinary General Meeting, Mr. Anastasios Kallitsantsis said:

  "We asked the shareholders to believe again to the prospects of ELLAKTOR, to support our proposal for a total, realistic and a specific change in structures, in The shareholders who voted today have given us a clear and clear mandate.It is our duty and our duty now to justify them for The next day for ELLAKTOR has already started. Together, management and employees will work to prove that the group is not accidentally a leader in the southeastern region of Europe. We have the capabilities, we have the knowledge, we have the people and now we have a new direction and a new concrete plan, so that ELLAKTOR will come back to where he belongs, at the top. For the Group to give shareholders what they are entitled to, a long-term value. "