Hellenic for Telecommunications and Telematic Applications S A : CBL ANNOUNCEMENT - AMENDMENT APPROVAL - EARLY REPAYMENT - SUSPENSION

08.04.2021

Forthnet S.A.

Announcement

The Company under the name "HELLENIC TELECOMMUNICATIONS & TELEMATICS APPLICATIONS SOCIETE ANONYME" and the distinctive title "FORTHNET S.A." (hereinafter referred to as the "Company" or "Issuer") announces that, following the resolution of the Bondholders' Meeting dated 07.04.2021, as per the announcement made by the representative of the Bondholders (PIRAEUS BANK S.A.) on 07.04.2021 and published by the Company on that date, on 08.04.2021 the Company's Board of Directors resolved upon the following:

1. Unanimously approved of the amendment of the term 3.4 of the CBL Program, regarding the Issuer's right of early total repayment, by adding a case b), as follows:

"3.4 Early repayment

1. The Issuer reserves the right of early, total or partial repayment at each annual anniversary of the Issue Date by decision of their Board of Directors, on condition of prior notification to the Bondholders, the Authorised Payments Officer, the Representative of the Bondholders and the ASE with a publication in the Daily Price Bulletin of the ASE at least ten (10) working days prior to early repayment and notification of the CSD, in accordance with the DSS Regulation.

In case of early partial repayment of the CBL, early repayment shall concern the amount corresponding to an integer number of Convertible Bonds, which shall be allocated between the Bondholders according to their participation in the CBL. In case the number of its Convertible Bonds or more Bondholders that are to be partially repaid is not an integer number, partial early repayment shall be carried out after rounding up the largest fractional rights to the next integer number until the total number of Convertible Bonds to be repaid has been completed, with the details included in the relevant decision of the Issuer.

In case of the above early repayment, the Issuer shall pay to the Bondholders, other than the capital and Return corresponding to the Convertible Bonds that they prepay, the corresponding accrued interest on such amounts from the last Interest Accrual Date until the date on which early prepayment takes place.

Bondholders registered in the CSD bonds file on the date of the annual anniversary of the Issue Date shall participate in early repayment, on condition that they have not exercised the Conversion Right, as defined below.

1. It is particularly provided that, in case the initiation of procedures for the exercise of the squeeze-out right of the Company's shareholders pursuant to article 27 of L. 3461/2006 or/and for the delisting of all the Issuer's shares from ATHEX is either imminent or such procedures have already started, the Issuer reserves the right of early total repayment anytime, even prior to each annual anniversary of the Issue Date by decision of their Board of Directors, on condition of prior notification to the Bondholders, the Authorised Payments Officer, the Representative of the Bondholders and the ASE with a publication in the Daily Price Bulletin of the ASE at least ten (10) calendar days prior to early repayment and notification of the CSD, in accordance with the DSS Regulation.

In this case, the Issuer shall pay to the Bondholders, other than the capital and Return corresponding to the Convertible Bonds that they prepay, the corresponding accrued interest on such amounts from the last Interest Accrual Date until the immediately following annual anniversary of the Issue Date.

The Bondholders, who are registered in the CSD bonds file on the date of the exercise of the early repayment right by the Issuer, as this date results from the relevant announcement in the ASE and the Daily Price Bulletin of the ASE, shall mandatorily participate in early repayment. The exercise of the above early repayment right by the Issuer leads ipso iure to the abolition of the conversion right of the Convertible Bonds."

1. Proceeded to the codification of the CBL Program so that it includes the above amendment. The codified text of the CBL Program is published on the Company's website https://www.nova.gr/el/company/enimerotika-deltia.
2. Pursuant to the above, the Board of Directors:
3. 1. resolved, pursuant to the term 3.4. new case b) of the CBL Program, as amended and in force, to exercise the Right of Early Total Repayment of the Convertible Bond Loan.
   2. defined the Last Date of Trading of the CBL Convertible Bonds to be on April 19th, 2021, the day being Monday.
   3. defined the Date of Exercise of the Right of Early Total Repayment to be on April 21st, 2021, the day being Wednesday. Consequently, as per the term 3.4 of the CBL Program, as amended and in force, the Bondholders, who will be registered in the CSD bonds file on the above date (21.04.2021 - Record Date) shall mandatorily participate in early repayment.
   4. defined the Date of Early Total Repayment to be on April 22nd, 2021, the day being Thursday.

1. Following its resolution dated 23.03.2021, about which the Company informed the investing public by virtue of an Announcement dated 24.03.2021, the Board of Directors resolved, as per the term 4.3 of the Convertible Bond Loan, upon the extension of suspension of the Conversion Right, until the Date of Exercise of the Right of Early Total Repayment, ie. until 21.04.2021, when the said right is abolished ipso iure, as per the term 3.4 new case b) of the CBL Program, as amended and in force.