Athens Water Supply and Sewerage S A : DECISIONS OF THE 41st ORDINARYGENERAL MEETING AT THE ADJOURNED MEETING OF SEPTEMBER 12th 2023

Athens, September 12, 2023

DECISIONS OF THE 41st ORDINARY GENERAL MEETING

AT THE ADJOURNED MEETING OF SEPTEMBER 12th 2023

EYDAP SA informs the investing community of the following:

On September 12th 2023, Tuesday at 11:00 a.m. the continuation of the 41st Annual General Meeting of the Company's Shareholders took place, entirely with the participation of the Shareholders remotely via video conference and electronic means to discuss and decide on items 4 and 5 of the agenda of the 2.8.2023 Invitation. The discussion and decision-making on items 4 and 5 of the Agenda had been postponed in accordance with article 141 par. 5 of Law 4548/2018 following a relevant request submitted by the Greek State during the initial meeting of September 6, 2023 .

During the meeting, 81,717,012 common registered shares and corresponding voting rights were represented on a total of 106,500,000 common registered shares, i.e. 76.73% of the paid-up share capital.

On the fourth issue:

The Greek State, as the majority Shareholder, proposed and elected the following nine (9) Members of the Board of Directors of EYDAP S.A. with a four-year term, expiring on September 6th 2027, automatically extended until the Ordinary General Meeting of Shareholders that will convene after the end of their term:

1. Sachinis Georgiou Charalambos ,
2. Giannikouris Emmanuel Antonios,
3. Kaimenaki Fotiou Eleni-Maria,
4. Sfikas Iosif Efthymios,
5. Martseki Michael Anastasia,
6. Mavromati Konstantinou Marina,
7. Lambrou Evangelou Marika,
8. Stergiou Evangelou Georgios,
9. Karaplis Grigoriou Christos.

The above composition of the Board of Directors meets the condition set by article 3 par. 1b of Law 4706/2020 regarding adequate representation by gender. It is noted, however, that due to the specificity that governs the status of EYDAP S.A. regarding the election of the Board of Directors, the suitability of the above nine (9) Members of the Board of Directors of EYDAP S.A. is to be verified in a reasonable time by the new Remuneration and Nominations Committee that will be established, in accordance with the conditions of the Law and the current Nominations Policy of the Board Members.

On the fifth issue:

The General Assembly, following the proposal of the Greek State as the majority Shareholder, appointed as Independent four (4) Members of the Board of Directors of EYDAP S.A. as follows:

1. Sfikas Iosif Efthymios,
2. Martseki Michael Anastasia,
3. Mavromati Konstantinou Marina,
4. Lambrou Evangelou Marika

The definition of the above Members meets the requirement of article 5 par. 2 of Law 4706/2020 regarding the adequate representation of Independent non-executive Members in a percentage that does not fall short of 1/3 of the total number of Board Members.

However, the fact that the relevant proposal of the Greek State was send to EYDAP S.A. only on 11.09.2023, it did not allow the Board of Directors of the Company to verify, before the meeting of the General Assembly, the satisfying of the independence criteria concerning the persons proposed by the Greek State for independent Members.

Based, however, on the information brought to the attention of the Company and in the short period of time that the competent organizational units of EYDAP had at their disposal, the Company carried out a relevant investigation from which, taking into account the Responsible Declarations of the candidate independent Members from 11.09.2023, no dependency relationship emerged that could affect their independent and objective judgement.

In continuation of the above, the new Remuneration and Nominations Committee that will be formed is expected, within the framework of its responsibilities, to verify, in a reasonable time, the fulfillment of the conditions of independence of the above four (4) Board Members and to make a recommendation to the Board of Directors in order to establish compliance with the conditions set by Article 9 of Law 4706/2020 and the Company's Nomination Policy.

In closing, EYDAP wishes to express its gratitude to the members of the former Board of Directors and its Chairman, Mrs. Theodora Varvarigou, for their work and contribution over the past four years to the Company's development.