Stock Exchange Announcement on Corporate Developments

Further on the stock exchange announcement dated 25.11.2021 by AVAX SA (the “Company”) in relation to press reports regarding subsidiary “Volterra SA”, and following a change in strategic plans, we inform the investment public that the Company, aided by a financial advisor, commenced talks with interested investors for Volterra SA. For the time being, there is no agreement or conclusion of negotiations regarding the transfer or partial sale of Volterra.

The Company will publish on 27.04.2022 its financial statements for 2021, featuring discontinuation of relevant operations, as per IFRS 5.

The Company will disclose to investors any change in the afore-mentioned conditions.

Marousi, April 27, 2022
The Board of Directors