Replacement of a resigning member of the Audit Committee – Formation of the A.C. into a Body

Athens, March 27, 2023

Announcement - Regulated information

PPC S.A. (hereinafter referred to as the "Company") hereby announces that as a result of the resignation for professional reasons of the member of the Company's Audit Committee, Mr.Konstantinos Cholevas (third person - Non-Member of the Board of Directors), who was elected in accordance with article 9 of Law 4643/2019, the Board of Directors of the Company, by its Decision No. 18/7.3.2023, appointed Mr. Nikitas Glykas (third person - Non-Member of the Board of Directors) as a temporary replacement of the above resigned member in the Audit Committee of the Company until 31 March 2023, when the Extraordinary General Meeting of the Company's shareholders will be convened.

The Board of Directors appointed the aforementioned person to replace the resigned member after having considered the Audit Committee's Rules of Procedure and after having ascertained that the criteria and requirements of the applicable legislation have been met.

The Audit Committee decided on 9 March 2023 to elect Ms. Maria Psillaki, Independent Non-Executive Member of the Board of Directors of the Company, as Chairman of the Audit Committee, in accordance with the provisions of article 44 par. 1 case e) of Law 4449/2017, as in force.

Following the above, the Audit Committee of the Company is constituted as follows:

1. Maria Psillaki, daughter of Michael, Independent - Non-Executive Member of the Board of Directors of PPC S.A., Chairman of the Audit Committee
2. Despina Doxaki, daughter of Ioannis, Independent - Non-Executive Member of the Board of Directors of PPC S.A., Member of the Audit Committee
3. Stefanos Kardamakis, son of Ioannis, Independent - Non-Executive Member of the Board of Directors of PPC S.A., Member of the Audit Committee
4. Christos - Stergios Glavanis, son of Michael, Independent - Non-Member of the Board of Directors of PPC S.A., Member of the Audit Committee
5. Evangelos Aggeletopoulos, son of Dimitrios, Independent - Non-Member of the Board of Directors of PPC S.A., Member of the Audit Committee
6. Nikitas Glykas, son of of Ioannis, Independent - Non-Member of the Board of Directors of PPC S.A., temporary Member of the Audit Committee until the Extraordinary General Meeting of the Company's shareholders to be held on 31.3.2023, in accordance with article 44 par. 1 case f) of Law 4449/2017.

Finally, it is noted that all members of the Audit Committee meet the requirements and independence criteria under the current regulatory framework (article 44 par. 1 of Law 4449/2017 as in force and article 9 par. 1 and 2 of Law 4706/2020).