REGULATED INFORMATION

PRESS RELEASE OF VIOHALCO SA

Brussels, September 29, 2020

The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments, which have been admitted for trading on a regulated market.

Publication of transparency notifications

(Article 14, first paragraph, of the Law of 2 May 2007 on disclosure of major holding)

1. Summary of the notifications

Viohalco has received two transparency notifications indicating that:

  1. Mr. Evangelos Stassinopoulos' holding of voting rights of Viohalco crossed downwards the threshold of 25% (holding of 23.47% of Viohalco's total voting rights) following a disposal of 18,99% of Viohalco shares held;
  2. The Social and Cultural Affairs Welfare Foundation (KIKPE Foundation) acquired 18.99% of Viohalco shares following the above disposal of shares by Mr. Evangelos Stassinopoulos; and
  3. Mr. Ippokratis Ioannis Stasinopoulos has been granted by the Board of the KIKPE Foundation, in his capacity as President of the Board, the exclusive power, acting in the name and on behalf of the KIKPE Foundation, to exercise at his discretion the voting rights attached to the Viohalco shares held by the KIKPE Foundation; as a result, thοse voting rights are aggregated with the voting rights already held by Mr. Ippokratis Ioannis Stasinopoulos in his own name (4.66% of total voting rights of Viohalco); in total, such aggregated holding of voting rights represents 23.65% of the total voting rights of Viohalco.

According to its obligation under article 14 of the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies, Viohalco publishes the content of the notifications received.

2. Content of the notifications First Notification

The first notification dated 23 September 2020 contains the following information:

  • Reason for the notification: Acquisition or disposal of voting securities or voting rights
  • Notification by: A parent undertaking or a controlling person
  • Persons subject to the notification requirement:

Evangelos Stassinopoulos

Evia Holdings Corporation

Vanterpool Plaza, Wickhams Cay 1, Road Town, Tortola BVI

1

Wheatland Holdings Limited

71, Fort Str., PO Box 190 Grand Cayman, Cayman Islands, KYI-

1104

Argyll ltd

27 Hospital Road PO Box 1170 George Town, Grand Cayman,

Cayman Islands KY1-1102

Del Mar Investment ltd

27 Hospital Road PO Box 1170 George Town, Grand Cayman,

Cayman Islands KY1-1102

  • Date on which the threshold is crossed: 23 September 2020
  • Threshold that is crossed: 25%
  • Denominator: 259,189,761 shares
  • Notified details:

Voting rights

Previous

After the transaction

notification

# of voting

# of voting rights

% of voting rights

rights

Holders of voting rights

Linked to

Not

Linked to

Not

securities

linked to

securities

linked to

the

the

securities

securities

Evangelos Stassinopoulos

0

2,700,550

1.04%

Evia Holdings corp.

21,166,122

33,159,710

12.79%

Sargas Portfolio SA

1,900,000

0

0.00%

Argyll Ltd

16,275,480

0

0.00%

Del Mar Investment Ltd

32,935,412

0

0.00%

Trully Ltd

5,409,195

0

0.00%

Wheatland Holdings Ltd

5,870,776

19,395,969

7.48%

Jamestown Maintenance SA

6,414,501

0

0.00%

Bluefountain Investment 2 ltd

3,800,000

0

0.00%

Bluefountain Investment Inc

235,000

4,035,000

1.56%

Ferryland Holdings Inc.

3,816

0

0.00%

Cromach Corporation

0

1,531,996

0.59%

Subtotal

94,010,302

60,823,225

23.47%

TOTAL

60,823,225

0

23.47%

0.00%

2

  • Additional information:
    Since 2013, Viohalco has undergone successive intra-group mergers by absorption (among others: Sidenor
    (2015); Elval (2016)). As a result of these mergers, Viohalco's total share capital was increased from
    219.611.308 shares, in 2013, to 259.189.761 shares, in 2020. Throughout the entire period, Mr. Evangelos
    Stassinopoulos' total voting rights decreased from 42, 81 % (which corresponded to 94.010.302 shares held in 2013) to 42, 45% (which corresponded to 110.034.117 shares held in 2020).
    The changes which have occurred from 2013 to 2020 within the controlled companies listed above represent internal reallocations of shares, which did not affect Mr. Stassinopoulos' total shareholding and voting rights.
    On 15 September 2020, Mr. Stassinopoulos donated 49.210.892 million Viohalco shares (18, 99 % of the voting rights) to the "Social and Cultural Affairs Welfare Foundation". For the purposes of the transaction, the controlled companies Delmar Investment Ltd. and Argyll Ltd. returned to Mr. Stassinopoulos the 49.210.892 shares held (respectively, 32.935.412 shares and 16.275.480 shares), and their holdings fell to zero.
    On 23 September 2020, the Viohalco shares donated were transferred on the foundation's account.
    As a result of the above transaction, Mr. Stassinopoulos now holds, directly and indirectly, 60.823.225 Viohalco shares, and 23, 47% of the company's total voting rights.

Second Notification

The second notification dated 28 September 2020 contains the following information:

  • Reason for the notification: Acquisition or disposal of voting securities or voting rights
  • Notification by: Person that notifies alone
  • Persons subject to the notification requirement:

Ippokratis Ioannis Stasinopoulos

Social and Cultural Affairs Welfare

25, Dionysiou Areopagitou str., Athens, Attica, GR-11742,

Foundation

Greece

  • Date on which the threshold is crossed: 23 September 2020
  • Threshold that is crossed: 20%
  • Denominator: 259,189,761 shares
  • Notified details:

Voting rights

Previous

After the transaction

notification

# of voting

# of voting rights

% of voting rights

rights

Holders of voting rights

Linked to

Not

Linked to

Not

securities

linked to

securities

linked to

the

the

securities

securities

3

Ippokratis Ioannis

0

12,091,105

4.66%

Stasinopoulos

Social and Cultural Affairs

0

49,210,892

18.99%

Welfare Foundation

61,301,997

23.65%

Subtotal

TOTAL

61,301,997

23.65%

0.00%

  • Additional information:
    In relation to Section 10 (Notified details), it is noted the following:
    The Foundation's Board, by decision, has granted to its President, Mr. Ippokratis Ioannis Stasinopoulos, in his capacity as President of the Board, the exclusive power, acting in the name and on behalf of the Foundation, to exercise at his discretion the voting rights attached to the shares acquired (49,210,892 shares, representing 18.99% of total share capital and voting rights of Viohalco).
    As a result, the voting rights held by Mr. Ippokratis Ioannis Stasinopoulos add up to voting rights previously held directly (12,091,105 voting rights, representing 4.66% of total voting rights of Viohalco) for which - until now- there was no obligation for transparency notification (holding lower than 5%).

3. Miscellaneous

This press release may be consulted on the website of Viohalco via this link: https://www.viohalco.com/698/en/Press-releases/.

These notifications can be consulted on the website of Viohalco via this link: https://www.viohalco.com/667/en/Major-shareholders/.

Contact person:

For further information, please contact:

Sofia Zairi

Chief Investor Relations Officer

(+32) 22 240960

(+30) (210) 6787773 ir@viohalco.com

4

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Viohalco SA published this content on 29 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2020 05:29:02 UTC