The company paperpack SA. disclose the following: On 25η October 2016, Tuesday at 11:00 am. took place at company headquarters in Kifissia, Attica, on the road Viltanioti 24, the extraordinary general meeting of shareholders. In the meeting attended in person or by proxy eight shareholders, sold shares representing 75,34% of all Company shares, i.e. 2.978.372 common registered shares with voting rights of members of all 3.953.090 common shares with voting, divided the total capital of the company. Having gathered the information required by law and the Company's quorum and majority, the General Assembly voted in favour of the following agenda items as follows: TOPIC 1st: The General Assembly decided unanimously, by a majority of the votes validly cast and proportion 100% shareholders attending, or percentage 75,34% on the issued capital of the company (i.e. 2.978.372 shares, and 2.978.372 valid affirmative votes) the granting of authorisation for the possibility to obtain from the Company's own shares, in accordance with the provisions of article 16 Fri. 1 of CL. 2190/1920. In particular, the company shall be entitled, within the allotted by law 24-month deadline, from 26.10.2016 until 25.10.2018, to make directly or indirectly, on purchases of Treasury shares, up to a tenth of their respective paid-up share capital, to the extent that the markets concerned are deemed affordable and enable the available funds. The General Assembly upon recommendation of the Board of Directors decided the above majority votes and proportion, as a maximum purchase price of Treasury shares of the company the four (4) euro as a minimum market (0,30) euro or τριάντα λεπτά of euro per share, i.e. ίση με On ονομαστική αξία of μετοχής. Details: Valid votes: 2.978.372 (i.e. 75,34% of the share capital and 100% shareholders attending) For: 2.978.372, Against: 0, Abstention: 0. TOPIC 2nd: The General Assembly, decided unanimously, with 100% shareholders attending, by a majority of the votes validly cast and proportion 75,34% on the issued capital of the company (i.e. 2.978.372 shares, and 2.978.372 valid affirmative votes) the distribution to shareholders an exceptional dividend 0,0510 euros per share which is part of taxed and retained profit of the financial year from 1.1.2014 until 31.12.2014. The net dividend per share, after deduction of the tax on dividends 10% as regards old profit dividend, you will receive each shareholder, amounts to 0,0459 euro per share. The payment of the dividend will be made by bank transfer to the 14/12/2016 and the dividend will be the shareholders who will hold the shares 09/12/2016 (record date), while the ex-dividend date is defined as the 08/12/2016. Details: Valid votes: 2.978.372 (i.e. 75,34% of the share capital and 100% shareholders attending) For: 2.978.372, Against: 0, Abstention: 0. TOPIC 3rd: The General Assembly, decided unanimously, with 100% shareholders attending, by a majority of the votes validly cast and proportion 75,34% on the issued capital of the company (i.e. 2.978.372 shares, and 2.978.372 valid affirmative votes) the repeal of paragraph 2 article 7 of the company's articles of Association and the renumbering of subsequent paragraphs of the same article, and the amendment of paragraph 2 article 15 the statutes of the company. Articles 7 and 15 the Statute after the modifications decided this general meeting are as follows: article 7th: SHARES 1. The shares of the company are registered and indivisible, εκδίδονται δε στη μορφή των άϋλων τίτλων Against the προβλεπόμενα from N. 2396/1996, as amended by the law. 2533/1997 and 2651/1998 and from the applicable provisions, χρόνος δε εκδόσεώς τους defined the χρόνος καταχωρήσεώς τους στα αρχεία of ‘’Κεντρικό Αποθετήριο Αξιών ΑΕ ‘’ or οποιασδήποτε άλλης υπηρεσίας or αρχής will ορισθεί σύμφωνα με το νόμο. 2. The μεταβίβαση εισηγμένων ονομαστικών shares ισχύει by καταχώρησή of στα αρχεία of ‘’Κεντρικό Αποθετήριο Αξιών ΑΕ ‘’ 3. The conversion of the company's shares from nominal to anonymous and vice versa is done by amending the relevant article of this, by decision of the general meeting of shareholders of the company, obtained during usual quorum and majority. article 15th: NOTICE OF MEETING OF DIRECTORS 1. The Governing Council shall meet at the headquarters of the company whenever the law, the statutes or the needs of the company so require and whenever the President, will considers convening of. The Board validly meet outside its seat elsewhere, either resident, or abroad, as long as this meeting present or represented all members of and no one contradicts to the realization of the meeting and in decision-making. The Board may meet and videoconference. In this case the Board's invitation to members will include the information necessary for their participation in the meeting. The Board συγκαλείται from τον Πρόεδρό of or τον αναπληρωτή of με πρόσκληση, disclosed to members of two (2) at least working days before the meeting. On call must be shown clearly and the agenda different decision-making allowed only, If present or represented all members of the Board and no one contradicts in decision-making. The convening of the Board of Directors may request two (2) of the members with their application to the Chairman thereof or his Deputy, who are obliged to convene the Board of Directors, in order to meet within seven (7) days of submission of the application. The request shall be inadmissible to refer clearly and the issues that will occupy the Board. If you do not convene the Board by the Chairman or his Deputy within the above deadline, allowed to members who requested the convening to convene the Administrative Board within a period of five (5) days from the expiry of the above period of seven (7) days, notifying the relevant invitation to other members of the Board of Directors. 2. The Board of Directors at the first meeting after the election of elects from its members by an absolute majority of the members present and represented by its President, like his Vice-President and ceo, identifying immediately with the same decision the powers, their duties and powers. The Chairman and Managing Director or Vice-president and ceo may coincide in the same or another person which is not inconsistent. The Board may, by decision taken as above to elect from among its members to two (2) Deputy Ceos identifying with the same decision the powers, their duties and powers. If the President is absent owing the Vice-President substitutes and although he is absent because of an impediment, a consultant, designated by the Council and has responsibilities, laid down by the relevant Governing Council decisions. 3. Each Director shall have one vote, but when represents absent Counsel may have two (2) votes, but never can have no more than two (2) votes including his own. 4. No one consultant can not be represented on the Board by a person who is not a member of the Board of Directors. 5.The minutes of the Board of Directors shall be signed by the President. Copies of the minutes are officially issued by these persons, without requiring another endorsement). Details: Valid votes: 2.978.372 (i.e. 75,34% of the share capital and 100% shareholders attending) For: 2.978.372, Against: 0, Abstention: 0. Kifissia 25 October 2016 The Board

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