AEGEAN Airlines S A : Dividend Payment Announcement

ANNOUNCEMENT

DIVIDEND PAYMENT FOR FISCAL YEAR 2023

Athens, May 15th, 2024

"AEGEAN AIRLINES S.A." (the "Company") hereby announces that the Annual Ordinary General Assembly of Company shareholders dated April 30th, 2024, approved the distribution of an aggregate dividend amount of €0,75 per share for fiscal year 2023.

It is noted that the amount to be distributed which corresponds to the Company's 174.725 own shares will be added to the amount to be distributed to the rest of the shareholders as per applicable law, hence the abovementioned gross dividend amount per share equals €0,7514561650 per share.

The dividend amount is subject to a 5% withholding tax, pursuant to articles 40 and 64 of the Law 4172/2013 as amended with article 24 of the Law 4646/2019, therefore the net payable amount will be €0,7138833568 per share, where applicable.

Ex-dividend date will be Monday, May 20th, 2024, and thus from that date on the shares of the Company will be traded on Athens Exchange without the right to receive the dividend.

Dividend beneficiaries for the fiscal year 2023 dividend are Company's Shareholders registered in the electronic files of the Dematerialized Securities System (D.S.S.) dated Tuesday, May 21st, 2024 (record date).

Following the above, dividend payment will commence on Monday, May 27th, 2024.

The payment of the dividend to the shareholders will be effected through the payee bank "Eurobank S.A.", as follows:

1. Through the Participants in the Dematerialized Securities System (Banks and Brokerage/Securities Companies), according to the provisions of the DSS Operation Regulation of the Hellenic Central Securities Depository (ATHEXCSD).
2. Especially in cases of payment to the legal heirs of deceased entitled shareholders, whose securities are kept in the Special Account of their S.A.T. ID in the DSS under ATHEXCSD custody, the disbursement process will be facilitated, following completion of the inheritance procedural steps, through any branch of Eurobank S.A. network.

It is clarified that according to the current applicable legislation the right for the collection of the dividend amount from any branch of Eurobank S.A. network expires on completion of a five year period from the end of the fiscal year in which this right was created (i.e. for the said dividend of fiscal year 2023 of the Company the right for its collection expires on

December 31st, 2029) and following such time bar the uncollected amounts will irrevocably be reimbursed to the Hellenic State.

For additional information, shareholders may contact the Company's Investor Relations department at tel. [phone].

Furthermore, the contact details of Eurobank S.A. are the following: Domestic Markets Custody Operations, Corporate Actions, Alekou Panagouli & Siniosoglou, 14234 Nea Ionia, tel. [phone] and [phone].