Reds S A : REDS_Announcement of Decisions of the Extraordinary General Meeting of Shareholders on 31.10.2023

REDS S.A. 25, Ermou Street, 145 64 Nea Kifissia Τ: [phone] E: [e-mail]: ellaktor.com & reds.gr

VAT Registration No.: 094007180, Tax Office: FAE Athens, General Commercial Registry (G.E.MI.) No.: 000224701000

Announcement of Decisions of the Extraordinary General Meeting of

Shareholders on 31.10.2023

The company operating under the trade name "REDS S.A." (hereinafter referred to as the "Company") hereby announces, in accordance with the provisions of Law 3556/2007 and article 4.1.3.3 para.1 and 2 of the Hellenic Stock Exchange Regulation, that, on Tuesday, October 31st, 2023, at 11:00 am, an Extraordinary General Meeting of its Shareholders, was held with their physical presence. The shareholders participated in the meeting were four (4), representing 54,185,752 common nominal shares (and voting rights) out of 57,434,884 in total, or 94.34% of the paid-up share capital, which allowed to the General Assembly to come up with a decision on the items of the agenda.

More specifically, the Extraordinary General Meeting Assembly decided the following:

Item 1: Grant approval to proceed with the sale of all the company shares of "YIALOU EMPORIKI

• TOURISTIKI SINGLE MEMBER S.A", owned by REDS S.A., to the company named "TRADE ESTATES REIC".

The Board of Directors of the Company, unanimously proposed to the Shareholders Extraordinary General Meeting:

1. to grant approval to proceed with the sale of all the company shares of "YIALOU EMPORIKI & TOURISTIKI SINGLE MEMBER S.A" owned by the REDS S.A., to the company named "TRADE ESTATES REIC", and
2. to authorize them to take any necessary action to implement and complete the Transaction.

The Extraordinary General Meeting, following a legal voting process, as set out below, approved the Item 1 as mentioned above:

Number of shares for which valid votes were cast	54,185,752	Percentage of the present and
Percentage of voting share capital	94.34%	represented votes
Number of votes in favor	54,185,752	100.00%
Number of votes against	0	0.00%
Number of abstentions	0	0.00%

Finally, it is noted that for the transaction in the above item, a Fairness Opinion Report and an Information Memorandum were prepared, in accordance with the decision 25/06.12.2017 of the Steering Committee of the Stock Markets of the Athens Stock Exchange and was posted to the Company's website.

Item 2: Various Announcements

No further announcements.

Kifissia, 31.10.2023