Greek Organisation of Football Prognostics S A : Announcement of Regulated information pursuant to Law 3556/2007 - Notification of Substantial Holdings Law 3556/2007

Announcement of Regulated information pursuant to Law 3556/2007

Notification of Substantial Holdings Law 3556/2007

OPAP S.A. (the 'Company', 'Issuer'), pursuant to the provisions of Law 3556/2007 and following the disclosure received by VALEA FOUNDATION on 13.8.2020, announces the following:

According to the previous notification of major holdings of VALEA FOUNDATION of 7 November 2019, VALEA FOUNDATION as of the date of this notification indirectly held 39.98% of the shares and voting rights in the Issuer, through SAZKA Group a.s. (which directly held 7.25% of the shares and voting rights in the Issuer) and Emma Delta Hellenic Holdings Ltd. (which directly held 32.73% of the shares and voting rights in the Issuer).

From 7 November 2019 onwards, VALEA FOUNDATION increased its indirect participation in the Issuer through:

(i) SAZKA Group a.s.' and Emma Delta Hellenic Holdings Ltd.'s participation in the Issuer's share capital increase from the reinvestment of the extra-ordinary dividend (from the undistributed earnings of the Issuer until the year ending on 31 December 2018) in accordance with the Decisions of the Issuer's Board of Directors of 8 January 2020 and 6 February 2020 (the 'Scrip Programme January - February 2020'); as a result of the participation in the Scrip Programme January - February 2020, SAZKA Group a.s. increased its direct participation by approximately 0.31% of the total shares and voting rights in the Issuer and Emma Delta Hellenic Holdings Ltd. increased its direct participation by approximately 1.37% of the total shares and voting rights in the Issuer;

(ii) SAZKA Group a.s.' acquisitions from the market in total amount of 3,375,172 of Issuer's shares corresponding to approximately 0.99% of the total paid-up share capital of the Issuer; and

(iii) SAZKA Group a.s.' and Emma Delta Hellenic Holdings Ltd.'s participation in the Issuer's share capital increase from the reinvestment of the dividend for the financial year 2019, in accordance with the Decisions of the Issuerµs Board of Directors of 26 June 2020 and 7 August 2020 (the 'Scrip Programme June -August 2020'); as a result of the participation in the Scrip Programme June -August 2020, SAZKA Group a.s. increased its direct participation by approximately 0.17% of the total shares and voting rights in the Issuer and Emma Delta Hellenic Holdings Ltd. increased its direct participation by approximately 0.50% of the total shares and voting rights in the Issuer;

Participation in the Scrip Program June - August 2020 resulted in VALEA FOUNDATION crossing the 3% threshold provided in article 9, paragraph 4, of Law 3556/2007, following the admission to trading on the Athens Exchange of the new shares issued under the Scrip Programme June - August 2020 on 11 August 2020.

Following the above, as well as an agreement for the transfer of shares from Emma Delta Hellenic Holdings Ltd. to SAZKA Group a.s. concluded on 24 June 2020 and disclosed publicly on 29 June 2020, which did not result in any change to the total number of shares and voting rights controlled by VALEA FOUNDATION, the chain of entities through which VALEA FOUNDATION indirectly holds voting rights in the Issuer are as follows:

VALEA FOUNDATION has no shareholders and is not controlled by any person; the Board of Directors of VALEA FOUNDATION decides at its sole discretion, without receiving instructions from its beneficiary or from any other person, on the exercise of the voting rights of VALEA FOUNDATION in the undertakings it controls. Mr. Karel Komárek is the sole beneficiary of VALEA FOUNDATION, but he does not control VALEA FOUNDATION within the meaning of Law 3556/2007. VALEA FOUNDATION is the sole shareholder of Valea Holding AG. Valea Holding AG is the sole shareholder of KKCG Holding AG. KKCG Holding AG is the sole shareholder of KKCG AG. KKCG AG directly holds 100% of voting rights in SAZKA Group a.s. SAZKA Group a.s. holds 10.94% of the shares and voting rights in the Issuer.

In addition, SAZKA Group a.s. holds 66.7% of the shares and voting rights in Emma Delta Management Ltd., whereas the rest 33.3% is indirectly held by Mr. Georgios Melissanidis through the entity Georgiella Holdings Co. Limited. VALEA FOUNDATION exercises sole control over Emma Delta Management Ltd. through SAZKA Group a.s., based on the shareholding of SAZKA Group a.s. in Emma Delta Management Ltd. and the Emma Delta Shareholders' Agreement. Emma Delta Management Ltd. is the only entity having voting rights in Emma Delta Variable Capital Investment Company Ltd., which is the sole shareholder of Emma Delta Hellenic Holdings Ltd. Emma Delta Hellenic Holdings Ltd. holds 32.39% of the shares and voting rights in the issuer.

The direct shareholders of the Issuer are SAZKA Group a.s. with a percentage of 10.94% and Emma Delta Hellenic Holdings Ltd. with a percentage of 32.39%. As a result, based on the concerted action of all entities referred to in the below table, all these entities indirectly control in total 43.33% of the total share capital and voting rights in the Issuer, as follows:

Name	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals of is higher that the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
VALEA FOUNDATION	43.33%	__	43.33%
Valea Holding AG	43.33%	__	43.33%
KKCG Holding AG	43.33%	__	43.33%
KKCG AG	43.33%	__	43.33%
SAZKA Group a.s.	43.33%	__	43.33%
Emma Delta Management Ltd.	43.33%	__	43.33%
Emma Delta Variable Capital Investment Company Ltd.	43.33%	__	43.33%
Emma Delta Hellenic Holdings Ltd.	43.33%	__	43.33%

Athens, 14.08.2020

OPAP S.A.