Monthly Update

September 2023

Shareholders Department: tel. + 30 210 6289341, email: m.printsiou@andromeda.eu|www.andromeda.eu

Investment Focus

ALPHA TRUST-ANDROMEDA Investment Trust S.A. is the only closed-end fund listed on the Athens Stock Exchange. Seeks to invest in fundamentally sound assets in the domestic equity and fixed income markets with a medium to long term horizon. The portfolio is managed by ALPHA TRUST.

Company Overview

INCEPTION DATE

25/7/2000

LISTING DATE (IPO)

19/12/2001

DOMICILE

Greece

BASE CURRENCY

EUR

Share Codes

ISIN

GRS433003019

OASIS (ASE)

ANDRO

BLOOMBERG

ANDRO GA

REUTERS RIC

ANDRr.AT

Participation in Indices

FTSE/ATHEX High Dividend Yield Index

ATHEX ESG Index

ATHEX Select Index

Performance update Note 1

SCI Note 6

(05/08/2022)

NAV Per Share

25.04%

Share Price

15.18%

ATHEX Composite Total

34.91%

Return Index

Equity 84,27%

Cash & Τbills 8,90%

Bonds 3,50%

Buy-Back 3,33%

Share Facts

Premium/Discount

NAV PER SHARE

€ 7.92

Min 2023

-19.70%

SHARE PRICE

€ 6.84

Max 2023

-9.57%

NAV

€ 27.98 mn.

Average 2023

-14.76%

MARKET CAP

€ 24.17 mn.

30/09/2023

-13.59%

NUMBER OF SHARES

3,534,269

Share Price & NAV Per Share Chart

11

10

9

8

7

6

5

4

03/22

04/22

05/22

06/22

07/22

08/22

09/22

10/22

11/22

12/22

01/23

02/23 03/23

04/23

05/23

06/23

07/23

08/23

09/23

Share Price

NAV Per Share

Performance update Note 1

Monthly

YTD

2022

2021

2020

2019

2018

NAV Per Share

-6.96%

19.21%

-12.55%

24.75%

7.88%

24.35%

-2.45%

Share Price

-5.00%

12.13%

-21.29%

33.62%

-3.45%

20.18%

12.12%

ATHEX Composite Total

-7.86%

33.21%

4.08%

12.69%

-9.03%

53.64%

-21.97%

Return Index

Equity Sector Allocation Note 2

Top 10 Equity Holdings Note 2

Consumer, Cyclical

17.98%

Company

% of Total

TITAN CEMENT INTERNATIONAL

6.04%

Industrial

15.71%

QUEST HOLDINGS

5.84%

Technology

14.02%

PPC

5.36%

Consumer, Non-

10.08%

HELLENIC TELECOM.

5.19%

cyclical

ORGANIZATION

Basic Materials

7.00%

PETROS PETROPOULOS

4.58%

Financial

6.05%

VIOHALCO SA/NV

3.41%

Utilities

5.36%

ENTERSOFT

3.26%

Communications

5.19%

FLEXOPACK

3.22%

MOTOR OIL HELLAS

3.10%

Real Estate

5.06%

ELVE

2.67%

Energy

4.14%

Total

42,67%

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Monthly Update

September 2023

Shareholders Department: tel. + 30 210 6289341, email: m.printsiou@andromeda.eu|www.andromeda.eu

Comparative performance since change of investment strategy to purely Greek (24/10/11) Note 3

300%

250%

219.42%

200%

150%

111.19%

100%

50%

0%

-50%

10/2011 01/2013 03/2014 05/2015 07/2016 10/2017 12/2018 02/2020 05/2021 07/2022 09/2023

NAV Per Share

Athex Composite Total Return Index

Dividend yield Comparison Note 4

9.20%

7.39%

6.00%

4.62%

3.38%

3.24%

3.60%

2.79%

3.08%

2.52%

2.09%

2.05%

1.79%

1.92%

0.96%

0.00%

0.00%

0.00%

2014

2015

2016

2017

2018

2019

2020

2021

2022

ALPHA TRUST-ANDROMEDA(CR)

ATHEX COMPOSITE SHARE PRICE INDEX

Risk Return Data Note 5

Dividents (D) & Capital Returns (R)

VOLATILITY

Ex. Date

Type

€ / share

Ex. Date

Type

€ / share

Ex. Date

Type

€ / share

(22/05/23)

D

0.200

(12/08/19)

R

0.188

(29/09/09)

R

1.500

ALPHA TRUST-ANDROMEDA

11.92%

BETA

0.59

(08/12/22)

D

0.180

(05/04/18)

D

0.188

(26/03/09)

R

3.000

ATHEX COMPOSITE

17.27%

R SQUARE

73.43%

(23/05/22)

D

0.256

(29/04/14)

D

0.200

(14/08/08)

D

2.000

SHARE PRICE INDEX

(12/01/22)

D

0.128

(23/11/11)

R

25.000

(12/03/08)

D

3.750

SHARPE RATIO

1.59

CORRELATION

0.86

(15/12/21)

D

0.128

(09/09/11)

R

1.250

(10/08/07)

D

2.500

(29/06/21)

D

0.445

(21/03/11)

R

2.500

(09/03/07)

D

4.250

SORTINO RATIO

1.774

(24/09/20)

R

0.188

(10/09/10)

R

1.250

(10/08/06)

D

2.000

(31/12/19)

R

0.188

(22/04/10)

D

2.500

Source: ALPHA TRUST, Athens Stock Exchange, Bloomberg

Notes: 1. Performance is dividend adjusted, excluding Own Shares, 2. Average weighted, 3. 24/10/2011: Decision of Extraordinary General Shareholders Meeting for Share capital decrease via capital return to shareholders & Against dissolution and liquidation of the Company, 4. Adjusted for the 1/100 Reverse Split on 03/09/2012 and the split (4:1) on 27/10/2021, 5. Risk-Returns performance measures for the last year of observations, 6. Share Capital Increase

This report contains data regarding past transactions and services and does not constitute binding or secure predictions with regards to future results of those transactions and services. This report is intended for information purposes only. Part of the information and data of this report have been collected from reliable sources, nevertheless there is no guarantee for their accuracy or their validity. Any data and estimations contained herein do not constitute under any circumstances analysis, instigation (or the opposite) or investment advice for specific transactions. The companies ALPHA TRUST and ALPHA TRUST-ANDROMEDA Investment Trust S.A. bear no liability for any investment that may take place based on estimates published in this report, since money markets and capital markets are subject to unforeseeable fluctuation and the return on the investments may be either losses or profits and consequently under no circumstances can it be guaranteed. ALPHA TRUST is the portfolio manager of ALPHA TRUST-ANDROMEDA Investment Trust S.A. and owns directly 0.99% ALPHA TRUST-ANDROMEDA Investment Trust S.A. shares, while is entitled to exercise voting rights corresponding to 26.12% in total, of the total number of voting rights attached to ALPHA TRUST-ANDROMEDA Investment Trust S.A. shares (data as at 29/09/2023).

ALPHA TRUST ANDROMEDA INVESTMENT TRUST S.A. HELLENIC CAPITAL MARKET COMMISSION

Authorisation No.: 5/192/6.6.2000, General Electronic Commercial Registry No. 003882701000, LEI 213800USGL7Q5UR9M221

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Disclaimer

Alpha Trust Andromeda Investment Trust SA published this content on 10 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2023 14:42:22 UTC.