R4-01-006

21 April 2017 Decisions of the Annual General Meeting

The company paperpack SA. disclose the following:> On the 21st April 2017, Friday day and time 11:00 am. took place at company headquarters in Kifissia, Attica, on the road Viltanioti 24, The Annual General Meeting of Shareholders. In the meeting attended in person or by proxy eight shareholders, sold shares representing 74,12% of All Company shares, i.e. 2.930.017 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 favor of All agenda items as follows: TOPIC 1st: The General Assembly decided unanimously, with 100% shareholders attending, by a majority of the votes validly cast and proportion 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes), the approval of the Annual Financial Statements of the Company's use 2016, and the reports of the Directors and the Auditor. Details: Valid votes: 2.930.017 (i.e. 74,12% of the share capital and 100% shareholders attending) For: 2.930.017 (100%), 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 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes), Discharge of the Directors and the Auditors from any liability for the fiscal year 2016. Details: Valid votes: 2.930.017 (i.e. 74,12% of the share capital and 100% shareholders attending) For: 2.930.017 (100%), 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 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes), approving the disposal of the results of the use table 2016 (01/01/2016-31/12/2016). Details: Valid votes: 2.930.017 (i.e. 74,12% of the share capital and 100% shareholders attending) For: 2.930.017 (100%), Against: 0, Abstention: 0. TOPIC 4th: The General Assembly decided unanimously, by a majority of the votes validly cast and proportion 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes) the adoption of the proposal of the Board of Directors according to the 30.03.2017 Annual report, on dividends 0,1200 per share for the year 2017. The net dividend per share, minus dividends tax 15% you will receive each shareholder, amounts to 0,1020 euro per share. The payment of the dividend will be made by bank transfer to the 12/06/2017 and the dividend will be the shareholders who will hold the shares 07/06/2017 (record date), while the ex-dividend date is defined as the 06/06/2017. Then the General Assembly unanimously decided, by a majority of the votes validly cast and proportion 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes) the adoption of the proposal of the President of the Board of Directors to distribute wages totalling up to € 44,705.88 by the profit and loss account, in the company's personnel and authorised the Board of Directors as to the decisions determine the amount and time of credit or payment to staff. Details: Valid votes: 2.930.017 (i.e. 74,12% of the share capital and 100% shareholders attending) For: 2.930.017 (100%), Against: 0, Abstention: 0. TOPIC 5th: The General Assembly decided unanimously, with 100% shareholders attending, by a majority of the votes validly cast and proportion 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes), the authorization pursuant to §. 1 article 23 of CL. 2190/1920, members of the Board. and directors of the company to participate in the Board and management of the Group companies (associates of the company), pursuing the same or similar objects with the company. Details: Valid votes: 2.930.017 (i.e. 74,12% of the share capital and 100% shareholders attending) For: 2.930.017 (100%), Against: 0, Abstention: 0. TOPIC 6th: The General Assembly decided unanimously, with 100% shareholders attending, by a majority of the votes validly cast and proportion 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes), approving the remuneration granted to members of the Board. for use 2016 according to the 19.04.2016 decision preliminary approval of the General Assembly, and the pre-authorization of the total amount of fees, which will be distributed for use 2017 and provide authorization to the Board of Directors, να τις διανείμει Against the κρίση of members of the Board., for the period from 01/05/2017 to 30/04/2018 in accordance with decisions of the. Details: Valid votes: 2.930.017 (i.e. 74,12% of the share capital and 100% shareholders attending) For: 2.930.017 (100%), Against: 0, Abstention: 0. TOPIC 7th: The General Assembly, acting on a recommendation of the Audit Committee, decided unanimously, with 100% shareholders attending, by a majority of the votes validly cast and proportion 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes), the election of the auditing firm, “MAZARS a.e. (A.M.ELTE 17) for the regular administrative control of corporate use 1/1/2017 – 31/12/2017 and conducting special tax audit for granting annual tax management manual certificate 2017, appointing as regular Auditor Mr.. Michael Papazoglou Christos (A.M.ELTE 1642) and an alternate Auditor Mr.. George Tsoukalas of Nicholas (A.M.ELTE 1845) and set their remuneration. Details: Valid votes: 2.930.017 (i.e. 74,12% of the share capital and 100% shareholders attending) For: 2.930.017 (100%), Against: 0, Abstention: 0. TOPIC 8th: The General Assembly, acting on a recommendation of the Board of Directors, decided unanimously, by a majority of the votes validly cast and proportion 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes), the Version common bonded loan (Chapter) up to two million five hundred thousand (2.500.000) euro, with five (5) years, and maximum interest rate euribor 3 months plus spread – 3,30%, and approve the Contract Covering common bonded loan and program (Terms) and its annexes, with the following terms: a) The type of loan you are Common Bonded Loan b) The term of the loan will be determined for five (5) years from the date of issue. c) The maximum rate of the loan will be set at Euribor 3 months plus spread – 3,30%. D) The repayment will be made in 20 quarterly instalments, the sums, as well as the amount to be paid with the last installment on the loan maturity, be determined by the Board. company. e) Will be provided as collateral in favour of the representative on behalf of Bondholders Lenders pledge on machinery, the total value of which will be determined by the Board of Directors of the company and will not exceed the total amount of the loan. The loan will be used to finance the company's investment plan equivalent to the purchase of machinery and equipment. Further is decided as the relevant authorizations to the Board of Directors of the company, in order to decide which version of the common bond in accordance with the above, and to determine, by decision of the specific terms of issuance of the loan, accordance with the provisions of paragraph 3 of the n ° 1. 3156/2003, and to provide the appropriate authorizations to representatives of the company to sign the relevant agreements and documents and perform any necessary related energy, While the warranty is provided on the Board if it considers and decides that the financing of the investment plan of the company for the purchase of machinery and equipment may be covered by lease or otherwise funding with corresponding financial costs, not to proceed with the issuance of the above approved common bonded loan and to update upon notice of, the company's shareholders and the investing public on its decision that will be taken to this end. Details: Valid votes: 2.930.017 (i.e. 74,12% of the share capital and 100% shareholders attending) For: 2.930.017 (100%), Against: 0, Abstention: 0. TOPIC 9th: The General Assembly decided unanimously, with 100% shareholders attending, by a majority of the votes validly cast and proportion 74,12% on the issued capital of the company (i.e. 2.930.017 shares, and 2.930.017 valid affirmative votes), the election of Mr. Maria theodoropoulou Economist and lawyer independent member of the Audit Committee with sufficient knowledge Audit and Accounting , as Chairman of the Audit Committee in accordance with article 44 N. 4449/2017 and Mr k. Tito Prince independent and non-executive member of the Board. and Δημήτριο Αντωνάκο επίσης ανεξάρτητο and μη εκτελεστικό μέλος of Chairman of the BoD., as members of the Audit Committee in accordance with article 44 N. 4449/2007 as is the case. The General Assembly also established the annual fee for the independent Chairman of the Audit Committee. All elected members of the Audit Committee have sufficient knowledge in the area in which the company operates and is independent from the audited entity, within the meaning of the provisions of law. 3016/2002 (a' 110). Details: Valid votes: 2.930.017 (i.e. 74,12% of the share capital and 100% shareholders attending) For: 2.930.017 (100%), Against: 0, Abstention: 0.

Kifissia 21 April 2017 The Board

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