27 March 2019

Decisions of Extraordinary General Meeting held on 27.03.2019

Ιn accordance with paragraph 4.1.3.3 of the Athens Stock Exchange’s regulation, J&P-AVAX SA announces the following:

The 2nd Repeat Extraordinary General Meeting of Company shareholders was held on March 27, 2019 at its headquarters, with 27,803,390 shares or 35.80% of total voting rights being represented.

Shareholders voted on the agenda as follows:

Item #1: Change of corporate name and amendment of article 1 of the Corporate Charter

Unanimously approved with 27,803,390 shares or 35.80% of voting rights cast in favour.

Item #2: Election of new Board of Directors

Unanimously approved with 27,803,390 shares or 35.80% of voting rights cast in favour, the following directors for a term ending on 26.03.2022:

  1. Christos Joannou
  2. Konstantine Kouvaras
  3. Konstantine Lysarides
  4. Konstantine Mitzalis
  5. Aikaterini Pistioli
  6. Christos Siatis, Non Executive-Independent Director
  7. Alexios Sotirakopoulos, Non Executive- Independent Director
  8. Michael Hatzipavlou, Non Executive-Independent Director

Item #3: Adjustment of company share capital because the share capital increase decided by the Extraordinary General Meeting of shareholders on 03.09.2018 did not materialise. Amendment of article 5 of the Corporate Charter.

Unanimously approved with 27,803,390 shares or 35.80% of voting rights cast in favour.

Item #4: Increase of the share capital of the Company up to the amount of twenty million euro (€20,000,000.00) through a cash issue offering rights of participation to all its shareholders, at an issue price of €0.30 per share for a total of 66,666,666 new common registered shares. Amendment of article 5 of the Corporate Charter.

Unanimously approved with 27,803,390 shares or 35.80% of voting rights cast in favour.

Marousi, March 27, 2019
THE BOARD OF DIRECTORS

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