INVITATION

The Shareholders of the Societe Anonyme with the name

"PEPPERPAK SA INDUSTRIAL PRINTING, PACKAGING AND PAPER PRODUCTS SA"

and the distinctive title "PAPERPACK A.B.E.E."

No. GEMI: 004465901000

At an Extraordinary General Meeting

In accordance with the law and the Articles of Association of the Company, the Board of Directors, following a decision taken at its meeting on September 30, 2019, invites the Company's Shareholders to an Extraordinary General Meeting on October 21, 2019, at 11:00 am. at the Company's headquarters in Kifissia Attica, at Viltaniotis str. 24.

In the event that the quorum required by law for decision-making on the agenda item is not reached, the Board of Directors hereby invites the Company's Shareholders to a 1st Repeat General Meeting on Monday, November 4, 2019 at 11:00 am . at the same location above (company headquarters, Viltaniotis 24 Kifissia).

AGENDA

1.Harmonization of the Company's Articles of Association in accordance with the provisions of Law 4548/2018 - Amendment, removal and listing of articles of the Company's Articles of Association and its codification.
2. Approval of the Board of Directors' remuneration policy in accordance with the provisions of Articles 110 and 111 of Law 4548/2018
3. Re-election of members of the Audit Committee in accordance with the provisions in force of art. 44 of Law 4449/2017 and approval of remuneration of its members (hereinafter from 14.05.2019 decision of the Ordinary General Meeting of its Shareholders

Company).

A. RIGHTS TO PARTICIPATE AND VOTE IN GENERAL MEETING

Anyone who appears as a shareholder in the securities system archives managed by "Hellenic Exchanges SA" is entitled to participate in the General Meeting. (HELEX), in which the Company's securities (shares) are held. Proof of shareholder status is provided by the submission of a relevant written statement by the aforementioned body or alternatively, by direct electronic connection of the Company with the records of that body. The status of shareholder must exist on October 16, 2019 (date of registration), that is, on the commencement of the fifth (5th) day before the day of the initial meeting of the Extraordinary General Meeting of October 21, 2019 as provided in no. 124 par. 6 Law 4548/2018. The Company shall be deemed to have the right to participate and vote in the General Meeting only who holds the status of shareholder on the respective registration date. If this is not the case or if a new invitation is issued in the case of the Repeat General Meeting, the shareholder shall participate in the General Meeting at the commencement of the third day before the day of the adjourned or repetitive General Meeting.

In the event that the required quorum, cancellation or deferral is not reached on the items on the agenda, shareholders are invited to: At the First Repeat General Meeting on November 4, 2019, at 11:00 am, at the same place (its seat). Company, Viltaniotis 24 Kifissia), in which the Shareholders, who will be registered in the Company's shareholder register, are entitled to vote and vote at the above registration date also in the event of postponement or repetition since the postponement or rescheduling The meeting shall not be more than thirty (30) days from the date of registration under section 124 (6) of Law 4548/2018. It is noted that in the event of a repeat assembly no new invitation will be published in accordance with Article 130 of Law 4548/2018.

It should be noted that the exercise of such rights (participation and voting) does not require the holder to hold the shares or to comply with any other similar procedure, which limits the ability to sell and transfer them during the period between the date of registration and the date of the Extraordinary General Assembly. The full text of this call, as well as the information provided in paragraph 4 of article 121 of Law 4548/2018, as applicable, are available in electronic form at the Company's website www.paperpack.gr.

B. MINORITY RIGHTS OF SHAREHOLDERS:

In accordance with paragraph 4 of Article 12 of Law 4548/2018, Messrs. Shareholders having, among other things, the following rights provided for in paragraphs 2,3, 6 and 141 of Law 4548/2018:

(a). Paragraph 2 of Article 141 of Law 4548/2018: At the request of shareholders representing one-twentieth (1/20) of the paid-up share capital, the Board of Directors of the Company is obliged to include additional issues on the agenda of the General Meeting if the relevant request is reached. Board of Directors by October 6, 2019, that is, at least fifteen (15) days before the General Meeting. The additional issues must be published or announced, under the responsibility of the Board of Directors, according to article 122 of Law 4548/2018, at least seven (7) days before the General Meeting. The request for the inclusion of additional items on the agenda shall be accompanied by a justification or a draft decision for approval by the General Assembly and the revised agenda shall be made public in the same manner as the previous agenda on October 8, 2019, that is, thirteen (13) days. before the date of the General Meeting and at the same time is made available to the shareholders on the Company's website together with the justification or draft decision submitted by the shareholders as provided in GPC 123 para. 4 of n. 4548/2018. If these issues are not published, the requesting shareholders are entitled to request the postponement of the general meeting in accordance with paragraph 5 of art. 141 of Law 4548/2018 and publish themselves, as defined in the second subparagraph of this paragraph (and paragraph 2 of Article 141 of Law 4548/2018), at the expense of the company.

(b). Paragraph 3 of Article 141 of Law 4548/2018: Shareholders representing one-twentieth (1/20) of the paid-up capital have the right to submit draft decisions on matters that are on the original or any revised agenda of the General Meeting. The request must be submitted to the Board of Directors at least seven (7) days before the date of the General Meeting, and the draft decisions shall be made available to the shareholders as set forth in paragraph 3 of Article 123 of Law 4548/2018, six (6). at least days before the date of the general meeting.

(c). Paragraph 7 of Article 141 of Law 4548/2018: Upon the request of any shareholder who submits to the company at least five (5) full days before the General Meeting, the Board of Directors is obliged to provide the General Meeting with the requested specific information on the affairs of the company. , insofar as they are relevant to the items on the agenda. There is no obligation to provide information when the relevant information is already available on the company's website, in particular in the form of questions and answers. Also, at the request of shareholders representing one-twentieth (1/20) of the paid-up capital, the Board of Directors is obliged to announce to the General Meeting, if regular, the amounts paid in each of the Board members in the last two years. or the directors of the company, as well as any benefits to such persons from any cause or contract of the company with them. In all the above cases, the Board of Directors may refuse to provide the information for a good substantive reason, which is stated in the minutes (article 141, paragraph 6 of Law 4548/2018). Such a reason may be, in the circumstances, the representation of the requesting shareholders in the Board of Directors, in accordance with Articles 79 or 80 of Law 4548/2018. In the cases referred to in this paragraph, the Board of Directors may respond unanimously to requests from shareholders with the same content.

(d). Paragraph 7 of Article 141 of Law 4548/2018: At the request of shareholders, who represent one tenth (1/10) of the paid up capital submitted to the company at least five (5) full days before the General Meeting, ie until October 16th 2019, Wednesday, the Board of Directors is required to provide the general meeting with information on the course of corporate affairs and the financial position of the company. The Board of Directors may refuse to provide the information for a duly substantive reason, which shall be stated in the minutes. Such a reason may be, in the circumstances, the representation of the applicant shareholders in the Board of Directors, in accordance with Articles 79 or 80 of Law 4548/2018, provided that the relevant members of the Board of Directors have received sufficient information.

(e). Paragraph 9 of Article 141 of Law 4548/2018: At the request of shareholders, who represent 1/20 of the paid-up share capital, a decision on a matter of the Agenda of the General Meeting is made by roll call (open voting).

(f). Paragraph 5 of Article 141 of Law 4548/2018: At the request of shareholders, who represent 1/20 of the paid-up share capital, the President of the Meeting is obliged to postpone only the resolutions of the General Meeting once a day, and sets a meeting date for their adoption, set by the request of the Shareholders, but may not be more than twenty (20) days from the date of postponement. The postponed General Meeting is a continuation of the previous one and does not require repetition of the publication of the Shareholders' Invitation, and new shareholders may also participate in compliance with the provisions of article 124 par. 6 of Law 4548/2018.

In all the above-mentioned cases of exercising their rights, the claimant shareholders are required to prove their shareholding and, except in the cases referred to in the first subparagraph of Article 141 (6) of Law 4548/2018, the number of shares they hold during exercise of that right. Such proof is the presentation of a certificate by the entity that holds the relevant securities or the certification of the shareholder status by direct online connection between the entity and the Company.

C. PROCEDURE FOR THE EXERCISE OF VOTING RIGHT THROUGH REPRESENTATIVE:

The shareholder participates in the General Assembly and votes either in person or through representatives. Each shareholder may appoint up to three (3) representatives. Legal entities participate in the General Meeting by appointing up to three (3) natural persons as their representatives. However, if the shareholder owns shares of the Company that appear in more than one securities account, this restriction shall not prevent such shareholder from appointing different representatives for the shares appearing in each securities account in relation to the General Meeting. A representative acting for more than one shareholder may vote differently for each shareholder.

The shareholder representative is required to notify the company prior to the meeting of the general meeting of any specific event that may be useful to shareholders in assessing the risk that the agent may serve interests other than the shareholder's interests. For the purposes of this paragraph, a conflict of interest may arise in particular where the agent:

(a) is a shareholder exercising control of the company or other legal entity or entity controlled by that shareholder;

(b) is a member of the board of directors or in general of the management of the company or shareholder exercising control of the company or other legal entity or entity controlled by a shareholder exercising control of the company;

(c) is an employee or controller of the company or shareholder exercising control of the company or other legal entity or entity controlled by a shareholder exercising control of the company;

(d) is a spouse or first-degree relative of one of the natural persons in cases a to c.

The Company has made available on its website (www.paperpack.gr) the form it uses to appoint a representative. This form is to be completed and signed by the shareholder at the Shareholders' Service Department, at the Company's registered office at Viltaniotis 24 Kifissia Postal Code. 14564, at least two (2) days before the date of the General Meeting. The beneficiary shareholder is required to confirm that the Company has successfully sent the representative nomination form and its receipt by calling the Shareholders' Service Department at: 210 2846800.

The shareholder's representative shall file the voting instructions for at least one (1) year, from the date of the General Meeting or, if it is postponed, to the last iteration of the proxy meeting. The Articles of Association of the Company do not provide for the possibility of participation in the General Meeting by electronic means, without the physical presence of the shareholders at its venue or the possibility for the shareholders to vote remotely.

D. AVAILABLE DOCUMENTS AND INFORMATION

This invitation, the documents to be submitted to the general meeting, draft decisions on each item on the proposed agenda, or where no decision has been proposed for approval, board comment, and draft decisions proposed by shareholders , in accordance with paragraph 3 of article 141 of Law 4548/2018, as soon as they are received by the Company, the forms to be used for voting through a representative or representative and other information referred to in paragraph 3 of Article 123 4548/2018, as well as detailed information on such minority rights and the conditions for exercising them, will be posted and available on the Company's website: www.paperpack.gr and in hard copy at its registered offices Of the Company (24 Viltaniotis Street, Kifissia PO Box 14564, tel. +30 210 2846800), and may be sent free of charge to any shareholder who requests them, in accordance with the provisions of Law 4548/2018.

Kifissia, September 30, 2019

The Board of Directors

 

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