Athens, November 23, 2021

The Athens Stock Exchange comes back to the issue of the share price of ATTICA BANK, in order to clarify the theoretical background of the calculation of the indicative adjusted share price resulting from any share capital increase incorporating a right for the old shareholders of the company. The ATHEX group relevant departments calculate the indicative (theoretical) adjusted start share price for the first day of the share's ex-rights trading, according to decision 26 of the ATHEX BoD, which takes under consideration the international bibliography and the best practices of the international stock exchange market. Subsequently, the adjustment of the share price in every such share capital increase is realized by the supply and demand formed in the stock exchange market during the first day of ex-rights trading, according to the information provided by the company through its announcements, its Prospectus and the terms of the share capital increase.

According to the aforementioned decision 26 of the ATHEX BoD the theoretical price used for yesterday's trading session (22/11/2021) for the share of ATTICA BANK resulted as follows:

ΤΑΤΤ closing share price on Friday 19/11 = 3.95€

Number of TATT shares listed on 19/11 = 24,229,445

TATT Market Capitalisation on 19/11 = 95,706,307.75

Number of shares to be issued by the share capital increase = 1,200,000,000

Issue price per share = €0.20

Capital raised through the share capital increase = €240,000,000    

Number of shares following the successful completion of the share capital increase = 1,224,229,445

After applying the relevant MIFID II tick size for the share of ATTICA BANK, the theoretical price used for yesterday's trading session was determined at €0.2740.

This theoretical price is used by the ATHEXgroup trading systems on the first day of ex-rights trading, as an indicative price for the investing public, as the basis for the appraisal of the company following the successful completion of the share capital increase, and also for the calculation of the fluctuation price limits of that price, in order for the price to be formed in the stock exchange market. As shown above, during the calculation, the company's market capitalization before ex-rigths trading and the capital to be raised according to the terms of the share capital increase are taken into account.

The first day of ex-rights trading, along with the calculation of the theoretical start share price of ATTICA BANK, also the limit-up and limit-down price fluctuation limits were expanded, according to article 2.6.3. of the ATHEX Rulebook and to decisions No 22 & 26 of the ATHEX BoD, as in effect.