The company '' EUROPEAN RELIANCE SA 'announces that on November 17, 2015 at 14:00, at the Company's offices (Av. Kifissias 274, Halandri) an Extraordinary General Meeting of Shareholders was held. Out of a total 27,503,677 shares and votes present or represented 21,402,113 shares and votes ie 77.82% of all shares and votes, ie allowed the General Assembly to act in accordance with the Law and the Statute on all of the agenda issues.
During the Extraordinary General Meeting of shareholders a discussion and a decision was made on the following topic on the agenda.
ITEM 1: Amendment of the share capital Article 5, as well as profit distribution Article 26 of the Company, in order to harmonize it with the provisions of articles 71 and 73 of delegated Regulation (EU) 2015 / 35 Commission of 10.10.2014 supplementing Directive 2009/138 / EC of the European Parliament and of the Council relating to the taking up and pursuit of the business of Insurance and Reinsurance (Solvency II).
Approved unanimously by 21,402,113 votes in favor and none (0) in the amendment of the share capital Article 5, renumbered as 3 far the No. 2 paragraph and adding sto relevant article of the following, numbered 2 paragraph:
ARTICLE 5
2. Following a decision of 11.17.2015 by the Extraordinary General Meeting, the Company classifies its equity in three categories (Tiers). The classification of those items shall depend upon whether they are basic own fund or ancillary own fund items and the extent to which they possess the following characteristics: a) the item is available or on first payable demand, to fully absorb losses on a basis continuous operation of the business, and in case of liquidation (permanent availability) and b) in the case of liquidation, the total amount of the item is available to absorb losses and the item is not returned to its holder until all other obligations, including insurance and reinsurance obligations towards policyholders and beneficiaries of insurance and reinsurance contracts, have been met (subordination). Any basic own funds of the company, dispose of such essential characteristics and therefore classified in Tier 1 (Tier 1).

Following shareholder proposal on modifying the profit distribution Article 26 of the Company and after a full discussion between the shareholders, it was decided unanimously by 21,402,113 votes in favor to withdraw the proposal to amend Article Article 26 and remains unchanged.
There were no other issues and announcements.