21/6/2018

Announcement of reduction of the share capital of the Company with the purpose of capital return to the shareholders, through reduction of the nominal value of each share

TITAN CEMENT COMPANY S.A. announces that the Annual General Meeting of Shareholders, which was held on June 1, 2018, decided the reduction of the share capital of the Company by 42,316,264 euros with the purpose of capital return of the same amount to the shareholders.

The above decision was also approved by the Separate General Meeting of Preference Shareholders which was held thereafter on June 1, 2018.

The capital reduction will be accomplished through reduction of the nominal value of each Company share by fifty cents (€ 0.50), namely from three euros (€ 3) to two euros and fifty cents (€ 2.50). As a result, the Shareholders will receive fifty cents (€ 0.50) capital return for each common or preference share they hold.

After the above share capital reduction, the share capital of the Company will amount to € 211,581,320, divided into 84,632,528 shares of a nominal value of €2.50 each, 77,063,568 shares of which will be common shares and 7,568,960 shares will be preference shares without voting rights.

The Ministry of Economy and Development approved the amendment of article 5 of the Company’s Charter of Association by its decisions No. 1189549 and 1189552 19/6/2018.

The Corporate Actions Committee of the Athens Stock Exchange was informed about the above reduction of the nominal value of the Company shares at its meeting on June 21st, 2018.

As announced through the Financial Calendar of the Company, the shares of the Company will be traded on the Athens Exchange, starting on June 26th, 2018, with the new nominal value of two euros and fifty cents (€ 2.50) per share and without the right of Shareholders to receive (€ 0.50) capital return for each share they hold.

From the same above date, the opening price of the Company shares on the Athens Stock Exchange shall be formed in accordance with the Athens Stock Exchange Rulebook, in combination with decision no. 26, issued by the BoD of the Athens Stock Exchange, as it applies. Shareholders entitled to receive the capital return are those registered in the electronic registry of the Dematerialized Securities System (DSS) of the Company on June 27th, 2018 (“Record Date”).

The capital return shall be increased by the sum corresponding to the treasury shares held by the Company and therefore, the final amount of capital return will be €0.527163 per share (ordinary and preference).

The Payment Date of the capital return will be Monday 2nd July 2018.

The payment of the capital return will be funded entirely by the Company’s international liquidity and will be made through “ALPHA BANK S.A.” and “ALPHA BANK CYPRUS LIMITED” acting as paying banks, as follows:

i. Through the DSS operators, to those Shareholders who have authorized their operators to receive payments.

ii. To those Shareholders who do not wish to receive payments through their DSS operators, through payment to the International Bank Account Number (IBAN), declared by the Shareholder, in accordance with Article 13 of the Rules of Operation of DSS and the decision no 6 of the BoD of the ATHEXCSD. This option is only applicable to investors who have indicated an IBAN with “Alpha Bank S.A.”.

iii. Those Shareholders, who, for any reason, will not be able to receive the payment of the capital return as per cases i and ii, they will receive the payment through the branch network of “ALPHA BANK S.A.” or “ALPHA BANK CYPRUS LIMITED”.

Moreover, considering as aforementioned that the payment of the capital return will be funded by the Company’s international liquidity, Shareholders can declare to the DSS, through their operator, that they forego use of any previously declared IBAN and advise the paying banks towards the use of any other IBAN of a bank account to which they are beneficiaries.

For the collection of payment through the branch network of the paying banks, Shareholders will be required to present their ID along with a printout of the Code number of Investor’s Lot number (K.A.M.E. Code in DSS).

Collection of payment by a third party is effected only after presenting an authorization that bears the complete details of both the beneficiary Shareholder, as well as of the authorized entity (name and surname, father’s name, Identity card number, V.A.T. Reg nr.), with the beneficiary Shareholder’s signature verified by the Police or any other competent Authority.

As from 1.1.2019 the capital return will be paid only through the branch network of “ALPHA BANK S.A.”

For any additional information, please contact TITAN’s Shareholder Services Department (Mrs N. Kalesi tel: +30 210 2591257).

June 21, 2018

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