Κ4-01-063

Kifisia 16/03/2021

Completion of Issuance of a Common Bond Loan

Following the relevant announcement from 5/11/2020, the company "PAPERPACK SA" informs the investing public that the issuance of a Common Bond Loan amounting to three million (3,000,000) euros, with a duration of five (5) years, with the creditor Bank ALPHA BANK SA being completed today.

The agreement regarding the "Program for the issuance of a joint mortgage bond, after contracts of coverage and primary disposal and appointment of a payment manager and a representative of the bondholders" was initially signed on 12/11/2020 in accordance with the decision of 05/11/2020 Board of Directors of the Company, with a 3-month euribor interest rate plus a margin of 2.40%.

In this context, collateral was provided in favor of the representative on behalf of the Bond Lenders, consisting of: (i) setting up a pledge on machines, with a total value of Euro 927,000.00 throughout the term of the loan, total value equal to Euro 1,000,000.00 throughout the term of the loan as well as in (iii) assignment due to pledge of the Company's receivables from the insurance contracts of the above machines up to the value of Pledge Euro 927,000.00 and stocks up to total value of the pledge Euro 1,000,000.00.

On 16/03/2021, the Additional Act of Amendment of the Terms of the Common Mortgaged Bond Loan was also signed, regarding the definitions of the Controlling majority and the period of availability, as well as the application for coverage and the other contractual documents were signed, according to 09/03/2021 approval decision of the Board of Directors of the Company. The product of the Bond Loan will be used by the Company to refinance existing bank lending and to cover general business purposes.

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