Response to Hellenic Capital Markets Commission Query

The company under the name REDS S.A. (hereinafter referred to as the "Company"), informs the investment community that it is currently in advanced, exclusive negotiations with Trade Estates REIT of the Fourlis Group for the sale of 100% of the shares of GYALOU EMPORIKI S.A., which owns the retail park, Smart Park. However, no agreement has been reached yet. Furthermore, it should be noted that the companyΆs selling price is subject to terms, conditions, and prerequisites, which are currently under negotiation.

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