Announcement of Subsidiary Share Capital Increase

Loulis Food Ingredients_Announcement of Subsidiary Share Capital Increase

"LOULIS MILLS SA" announces that it has proceeded with the capital increase of 1,999,907.20 euros at a rate of 99.99% of its subsidiary "KENFOOD SA” based in the municipality of Keratsini-Drapetsona in Attica, which was implemented through an increase in the share capital of its subsidiary by cash contribution and issued 65,960 new common registered shares worth 10 euros each and with a sale price of 30.32 euros per share.

The funds that will be raised from the share capital increase in cash, amount to 1,999,907.20 euros and will be distributed as follows:
-659,600 euros (ie 65,960 shares X 10 euros each) for an increase in share capital, and
-1,340,307.20 euros (ie 65,960 shares X 20.32 euros each) will be credited to the account "Reserve from Issue of Premium Shares"
This increase was carried out with the sole purpose of further financing and capital strengthening of a subsidiary of the Group.

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