Attica Bank S A : Announcements of the BoD

Announcements of the BoD

Attica Bank Banking SA, following its announcements of 30-08-2021,08-09-2021 and 16-09- 2021, the resolutions of the Extraordinary General Meeting of 15.09.2021 and the Board of Directors' meeting of 20.09.2021 and within the context of the implementation of the relevant articles of Cabinet Act No. 28/06.07.2021, as amended by Cabinet Act No. 34/25-08-2021 (jointly "PYS"), informs its investors about the following:

• The Bank issued on 16-08-2021, 992,512,679 free of charge (no consideration) certificates for the acquisition rights of common shares ("warrants") in favor of the Hellenic Republic in accounting form and delivered the ownership thereof to the Hellenic Republic, by means of crediting them to the Securities Account maintained by the Hellenic Republic in the Central Securities Depository.
• The existing shareholders and also third investors, had according to article 6, par.1 of PYS, the right to redeem the warrants with redemption price of €0.1530 per warrant, from 31.08.2021 to 15.09.2021.
• The existing shareholders that exercised their redemption rights during the above mentioned period acquired 475,067 warrants derived from their rights and 32,980 unallocated warrants, while third parties acquired 19,600 warrants from the unallocated ones, i.e. 527,647 warrants in total, while the Greek State owns 991,985,032 warrants.
• The Board of Directors at its meeting of 20.09.2021, and following the resolutions of the Extraordinary General Meeting of 15.09.2021 for the increase of the nominal price of the common shares with simultaneous decrease of the number shares by the integration of sixty securities (60) into one (1) (reverse split) ascertains and announces the automatic impairment, pursuant to article 8 of the PYS, of the above warrants by merging sixty (60) warrants into one
  (1) that is, 992,512,679 warrants with a redemption price of 0.1530 euros per warrant are reduced to 16,541,878 warrants and the Redemption Price of each is adjusted due to the merger to 9.18 euros per adjusted warrant. Out of these warrants, 16,533,102 warrants remain in the ownership of the Greek State and 8,776 securities are acquired by shareholders and / or third parties.

The above determination of the impairment, the distribution and the amount payable to the Greek State, according to the provision of article 5 par.2 section b of the PYS, will be taken into account by the Participant of the Greek State.

• Fractional cash balances paid in excess to obtain an integer number of warrants, are returned to shareholders and / or third parties who have applied for warrants.
• The 16,541,878 securities will be credited to the shares of the beneficiaries and will be admitted to trading on the regulated market of the Athens Stock Exchange with start date of trading on 30 September 2021 subject that the approval of the prospectus by the Hellenic Capital Market Commission has preceded. According to article 7 par. 2 of the PYS, the commencement of trading of the warrants takes place at the redemption price of each warrant,

ie (as adjusted according to the above) 9.18 euros per warrant, and the warrants are kept and transferred according to the terms and procedures of the Athens Stock Exchange in which they will be traded.

• The trading of the warrants will last for fifteen (15) days from the date of commencement of their trading. Then, the above securities are automatically converted into ordinary registered shares of the Bank with a ratio of one title to one share, according to the provisions of the PYS.
• For the listing of the warrants in the regulated market of the Athens Stock Exchange as well as of the shares that will result from the conversion of the warrants, a Prospectus has been submitted for approval to the Hellenic Capital Market Commission, according to the provisions of Regulation (EU) 2017/1129, which, following the approval by the Hellenic Capital Market Commission, will be published for the information of the investors.
• The Bank will inform the investing public with a new announcement for any adjustments in the process, the schedule of listing of the securities to be traded on the regulated market of the Athens Stock Exchange and their conversion into new shares of the Bank.

ATTICA BANK SA