Approval of squeeze-out of ATHENA Sa shareholders

ANNOUNCEMENT REGARDING THE APPROVAL OF THE REQUEST TO THE HELLENIC CAPITAL MARKET COMMISSION BY “J&P-AVAX S.A.”

FOR THE EXERCISE OF THE SQUEEZE-OUT RIGHT OF THE ORDINARY, REGISTERED SHARES WITH VOTING RIGHTS OF “ATHENA S.A.”

12.06.2018

The Greek societé anonyme under the legal name “ATHENA S.A.” (hereinafter the “Company”) announces to investors, that the Board of Directors of the Hellenic Capital Market Commission (hereinafter the “HCMC”), by virtue of its decision No. 2/821/ 08.06.2018, i) approved the request for the exercise of the squeeze-out right of the ordinary, registered, dematerialised shares with voting rights of the Company (hereinafter the “Shares”), pursuant to article 27 of Law 3461/2006 (hereinafter the “Law”) (hereinafter the “Squeeze-out Right”), that “J&P-AVAX S.A.” (hereinafter the “Offeror”) submitted on 05.04.2018 for the remaining shares that the Offeror and persons acting in concert do not hold pursuant to article 2(e) of Law via the voluntary tender offer on 13.11.2017, and, ii) set the date of suspension of trading on 25.06.2018.

The consideration will amount to € 0,700 per Share and the payment of the price to the sellers/shareholders of the respective Shares will take place after the deduction of: i) the clearing duties of the off-exchange transfer of the tendered Shares levied in favor of Hellenic Securities Central Depository, amounting to 0.08% of the transfer value, paid by the sellers and ii) the relevant tax on stock exchange transactions, currently at a rate of 0.20%, calculated on the value of off-exchange transaction for the transfer of the Shares to the Offeror.

The process and the timeline for the completion of the squeeze-out right is provided in decision no. 1/644/22.4.2013 of the Board of Directors of HCMC.