25 JUN 2025

Completion of the process for the liquidation of fractional balances

Metlen Energy & Metals S.A. (hereinafter the “Company” or the “Issuer”), following its announcement dated 02.06.2025, hereby informs the investors, that on 13.06.2025 the liquidation process of 10,996 common registered shares of the Company was completed. These shares resulted as fractional balances from the following corporate actions:

a) the change in the par value of each share from sixty eurocents (EUR 0.60) to two Euros and fifty-five eurocents (EUR 2.55), decided by the 1st Reiterative Extraordinary General Meeting of the Company’s Shareholders held on 03.09.2007;

b) the issue of eight million one hundred eighty-seven thousand one hundred eighty two (8,187,182) registered shares each of a par value of two Euros and fifty-five eurocents (EUR 2.55) to be distributed to the shareholders of the merged companies under the share exchange ratio specified in the Draft Merger Agreement through absorption by the Company, of the corporations “ALUMINIUM OF GREECE INDUSTRIAL AND COMMERCIAL COMPANY S.A.” and “DELTA MECHANICAL EQUIPMENT & INTEGRATED PROJECTS S.A.” dated 18.08.2007, approved by the 1st Reiterative Extraordinary General Meeting of the Company’s Shareholders held on 03.09.2007. On 28.09.2007, the decision no. K2-14116/28.09.2007 of the Deputy Minister of Development was registered in the Register of Société Anonyme Companies of the Ministry of Development, which approved the amendment of Article 5 of the Company's Articles of Association, in accordance with the decisions under (a) and (b) of the 1st Reiterative Extraordinary General Meeting of the Company's Shareholders held on 03.09.2007 (Government Gazette Issue 11318/01.10.2007); and

c) the reduction of the par value of the Company’s shares from two Euros and fifty-five eurocents (EUR 2.55) to one Euro and seven eurocents (EUR 1.07) through the issue of sixty-eight million one hundred ninety thousand five hundred thirty-one (68,190,531) new common registered shares, and the distribution to the existing shareholders, gratis, of twenty-four (24) new shares each of a par value of one Euro and seven eurocents (EUR 1.07) for every ten (10) existing shares each of a par value of two Euros and fifty-five eurocents (EUR 2.55), and the simultaneous increase of the share capital of the Company through capitalization of reserves amounting to eight hundred seventy-six thousand seven hundred and thirty-five Euros and sixty one eurocents (EUR 876,735.61) for par value rounding purposes, decided by the 2nd Reiterative General Meeting of the Company’s Shareholders held on 26.11.2007. On 05.12.2007, the decision no. Κ2-17402/05.12.2007 of the Deputy Minister of Development was registered in the Register of Société Anonyme Companies of the Ministry of Development, which approved the amendment of Article 5 of the Company's Articles of Association, in accordance with the above decisions of the 2nd Reiterative General Meeting of the Company's Shareholders held on 26.11.2007.

The final net proceeds of the liquidation is set at four hundred ninety-two thousand six hundred eighty-eight Euros and thirty eurocents (EUR 492,688.30).

The distribution of the proceeds to the entitled shareholders, in the amount corresponding to each of them, specifically:

(i) the amount of € 62.726227 per whole share to the beneficiaries of the fractional balances arising from the above corporate action under item (a),

(ii) the amount of € 62.726227 per whole share to the beneficiaries of the fractional balances arising from the above corporate action under item (b), and

(iii) the amount of € 44.804448 per whole share to the beneficiaries of the fractional balances arising from the above corporate action under item (c),

will take place from 03.07.2025 by the paying bank Piraeus Bank S.A.” as follows:

  1. Through the Participants of the beneficiaries in the DSS (Banks and Brokerage firms) according to the ATHEXCSD Rulebook and its respective decisions.
  2. Especially for the cases of payment to heirs of deceased beneficiaries, whose titles are held in the Special DSS Account, operated by ATHEXCSD, the payment procedure will be carried out after the completion of the legalization of the heirs, through the network of branches of the paying bank. Moreover, for cases of beneficiaries who held their titles in an investment services firm under liquidation, the payment of the amount they are entitled to will be made through the network of branches of the paying bank.

For any further information, the interested parties may contact the Company via e-mail at: ir@metlengroup.com