Securitization facility (overdue receivables over 90 days)

Athens, July 31, 2023

Announcement – Regulated information

PPC S.A. (“PPC”) announces that it has agreed to amend the €325 m overdue receivables securitization facility in order to, among other things and upon satisfaction of certain conditions precedent:

• extend the revolving period from July 2023 until July 2024 (with an option to extend it for an additional 12 months)
• extend the maturity date until July 2028 or to a date falling in July 2029, if the revolving period is extended for an additional 12 months as   aforementioned
• amend the senior interest rate from 6.8% to EURIBOR plus 4.5%

The €325m overdue receivables securitization facility is non-recourse to PPC and was originally entered into in April 2021 and was funded in June 2021. PPC Zeus DAC acts as the issuer of the notes, PPC acts as seller, servicer and junior noteholder, Qualco S.A. acts as sub-servicer, Citibank N.A., London Branch acts as note trustee and CarVal Investors, Deutsche Bank AG and funds managed by PIMCO act as senior noteholders.