ANNOUNCEMENT OF THE RESULTS OF THE EXTRAORDINARY GENERAL MEETING

OF THE SHAREHOLDERS OF THE SOCIETE ANONYME DE SOCIETE

‘EUROPEAN RELIANCE GENERAL INSURANCE Co. SA’ OF 07/13/2021

The Company ‘EUROPEAN RELIANCE GENERAL INSURANCE Co. SA’ (the Company) informs interested parties that on July 13, 2021 at 2:00 p.m., carried out by teleconference using the special platform of the Athens Stock Exchange, AXIA e-Shareholders Meeting , the Extraordinary General Meeting of Shareholders.

Out of a total of 26,539,907 shares and votes (Total shares: 26,593,361, minus 53,454 Treasury Shares) the General Meeting of Shareholders was present or by proxy 20,990,836 shares and votes, i.e. 79.09% of the total number of shares and votes, an authorization for the General Meeting of Shareholders to vote in accordance with the Law and the Articles on the subjects on the agenda.

During the Extraordinary General Meeting of Shareholders, the shareholders debated and made decisions on the following subjects:

Subject n ° 1: Election of the new Board of Directors

The Board of Directors approved the submission of the proposal to the Extraordinary General Meeting of Shareholders in session of Tuesday 06/22/2021:

As part of the Company’s compliance with Law 4706/2020 (Government Gazette A ‘136 / 17.07.2020) on the corporate governance of public limited companies listed on a regulated market in Greece, with regard to both ” independence of members and the adequacy, diversity and adequate representation by gender in the board of directors as a body, despite the fact that the mandate of the current board of directors has not expired, it was considered appropriate to elect a new board of directors, which has the appropriate composition, on the basis of the legislation in force, will represent the Company in accordance with the law and its articles of association.

On the basis of this framework, the Board of Directors, on the proposal of the Corporate Governance, Remuneration and Nomination Committee, proposed to elect a new Board of Directors of 9 members, for a five-year term. , which, according to article 85 para. . 1 ed. c of Law 4548/2018, is extended until the expiry of the period within which the next Ordinary General Assembly must meet and until the related decision is taken as well as the appointment of its independent members, in accordance with to the provisions of Law 4706/2020.

For this reason, it was proposed that the decision be taken by the current Extraordinary General Meeting of shareholders of the Company, for the election of new members of the Board of Directors, the appointment of independent members in accordance with Law 4706 / 2020. It was proposed, after a relevant proposal from the Corporate Governance, Remuneration and Nomination Committee to the Board of Directors on 06/22/2021, elected for a five-year term, MM. :

1) Andreadaki Eleni,

2) Verzovitis Stefanos,

3) Vroustouris Panagiotis

4) Georgakopoulos Christos,

5) Diamantopoulos George

6) Konstantinidis Georges,

7) Papanikolopoulou Christine,

8) Chalkiopoulos Nikolaos, and

9) Morris Keith W.

From the above, it was proposed to appoint independent members of the Board of Directors, MM. 1) Eleni Andreadaki, 2) Vroustouris Panagiotis, 3) Christina Papanikolopoulou and 4) Morris Keith W., because all of them meet the conditions of independence of the current legal framework, namely:

a. not to hold shares with more than 0.5% of the Company’s share capital and

b. deal at arm’s length with the Company or persons related to it, in accordance with Article 9, para. 1 and 2 of Law 4706/2020, but also of article 4. Par. 1 of Law 3016/2002, which repeals on 07/17/2021.

The above members have been assessed based on the law and the Board Member Adequacy Assessment Policy and have been deemed suitable for election as Board members by the Board of Directors. corporate governance, remuneration and appointment to the board of directors, which verified the fulfillment by the candidate members of the independence criteria in their person in accordance with the provisions of article 9, para. 1 and 2, of Law 4706/2020, on the other hand the independence of their judgment and the experience required to accomplish the tasks they will undertake.

The reasons for the nomination of the candidates as well as the detailed CVs of the candidate members proposed by the Board of Directors as well as the verification by the Corporate Governance, Remuneration and Nomination Committee to the Board of Directors of the eligibility criteria of the candidate members are available on ir.europaikipisti.gr, in the General Meetings / Supporting Documents section since 06/22/2021.

After the vote on the above topic, the results are as follows:

Number of shares with valid voting rights: 20,990,836

Rate of paid-up share capital, after deduction of Treasury Shares: 79.09%

Valid: 20 990 836

IN FAVOUR

AGAINST

ABSTENTION

ACTIONS

PERCENTAGE

ACTIONS

PERCENTAGE

ACTIONS

PERCENTAGE

Mrs. Andreadaki Eleni

20.786.441

99 0263%

95.815

0.4565%

108,580

0.5173%

Mr. Verzovitis Stefanos

20.786.441

99 0263%

95.815

0.4565%

108,580

0.5173%

Mr. Panagiotis vroustouris

20,786,441

99 0263%

95.815

0.4565%

108,580

0.5173%

Mr. Georgakopoulos christos

20,786,441

99 0263%

95.815

0.4565%

108,580

0.5173%

Mr. Diamantopoulos George

19,828,091

94.4607%

1,054,165

5,020%

108,580

0.5173%

Mr. Konstantinidis George

20,131,441

95 9059%

750,815

35,769%

108,580

0.5173%

Mrs. Papanikolopoulou Christina

20,786,441

99 0263%

95.815

0.4565%

108,580

0.5173%

Mr. Chalkiopoulos Nikolaos

20,612,158

98.1960%

270,098

1.2867%

108,580

0.5173%

Mr. Morris Keith W.

20,786,441

99 0263%

95.815

0.4565%

108,580

0.5173%

Therefore, the topic was approved.

Object n ° 2: Acquisition of own shares through the Athens Stock Exchange, in accordance with article 49 of law 4548/2018 where applicable, and provision of the related authorizations.

Approval of the own share buyback program was proposed. On the basis of this plan, it was proposed to the General Meeting, the acquisition by the Company of its own shares in accordance with the provisions of article 49 of Law 4548/2018, as in force, and the ‘granting of related authorizations to the Board of Directors for its implementation. In particular, it was proposed to purchase the aforementioned own shares, within twenty-four (24) months from the date of this decision, a maximum of 2,653,990 ordinary registered shares representing 10% of the total number. of existing shares with voting rights with a market price range of 3.00 per share (minimum) and 6.00 per share (maximum). The purchase of own shares will take place with a view to their cancellation by the General Meeting of Shareholders.

Number of shares with valid voting rights: 20,990,836

Rate of paid-up share capital, after deduction of Treasury Shares: 79.09%

Valid: 20 990 836

In favor: 20,882,256 (99.4827%), Against: 0 (0.00%), Abstention: 108,580 (0.5173%)

Therefore, the topic was approved.

Other topics and announcements

There were no other topics and announcements.

For more information, interested shareholders can contact the Company’s Investor Relations Department by telephone on +30 2162001381 or +30 2108119655 or by e-mail [email protected]

The President of the General Assembly The Secretary of the General Assembly

Nikolaos Chalkiopoulos George Gkouskos



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