Okeanis Eco Tankers Corp. announced the following changes to its management team: 1: Aristidis Alafouzos, currently the Chief Operating Officer (COO), will replace Ioannis Alafouzos as Chief Executive Officer (CEO) of OET, who will remain as Chairman of the Company. Aristidis Alafouzos will assume the role of CEO from December 1, 2022.

2: Iraklis Sbarounis will join the Company as Chief Financial Officer (CFO), serving alongside Konstantinos Oikonomopoulos, who will take over the role of Chief Development Officer. Mr. Sbarounis will assume the role of CFO from January 9, 2023. Iraklis Sbarounis has a wealth of experience within most facets of finance in the maritime sector, ranging from capital markets to bank debt and alternative funding structures.

Prior to joining OET, he was Group CFO at TMS Shipping Group. Mr. Sbarounis was previously with the TMS Shipping Group for 14 years, most recently having served as its Group CFO. He also served as Ocean Rig UDW's (formerly a public company listed on NASDAQ) CFO, Corporate Secretary and Director, until its merger with Transocean in 2018, and prior to that as its VP Business Development.

He started his career in investment banking with BNP Paribas. Iraklis has extensive experience in dealing with corporate finance, commercial and investment matters as an executive in the shipping industry, as well as the capital markets. He holds a B.S. degree in Management Science from the Massachusetts Institute of Technology (MIT) and a M.Sc.

degree in Finance and Economics from the London School of Economics and Political Science (LSE).