The Board of Directors of Ellinas Finance Public Company Limited at its meeting and following the decision of January 18, 2023 decided the following: Issue of the second tranche of the Series D Bond and disperse of 400 non-convertibles, redeemable, non-secured 5-year Bonds with total value of EUR 400,000 under the terms and conditions of the relevant Trust Deed (the «Bond»), dated January 13, 2023, aiming to increase the Company's capital. The Bond has the following characteristics: Issue amount of second tranche: 400,000 - Type of Bond: Non-convertible, redeemable - Annual Interest rate: 5% - Duration: 5 years - Number of Bonds: 400 - Nominal value: 1,000 per unit - Date of issue: March 01, 2023 - Expiry date: January 17, 2028 - Interest Payment: on an annual basis on January 17. The offer of the Bonds was addressed to a limited number of persons (less than 150) thought private placement at the absolute discretion of the Company's Board of Directors.

The total amount of the Series D Bond could reach up to 3,000,000 and it will be issued in tranches on a monthly basis up to March 31, 2023.