ANNOUNCEMENT
Regarding the granting of authorization for the conclusion of a transaction (bond loan agreement) with a related party pursuant to Law 4548/2018
Alimos, 3 October 2025
Pursuant to Article 101 par.2 of Law 4548/2018, Article 17 of Regulation (EU) No 596/2014 of the European Parliament and of the Council, as well as Article 4.1.1 (16) of the Athens Stock Exchange Rulebook, as currently in force, the company “KIRIAKOULIS MEDITERRANEAN CRUISES SHIPPING S.A.” (the “Company”) hereby informs the investing public of the following:
Having taken into account the relevant recommendation of Management, the draft of the proposed Bond Loan Agreement and the evaluation report dated 3.10.2025 regarding the bond loan issuance, prepared by the Independent Chartered Accountant Mr. Vasileios Zafeiropoulos, SOEL Reg. No. 48791, of Deloitte Certified Public Accountants S.A., SOEL Reg. No. E120, the Company’s Board of Directors, at its meeting of 3.10.2025, unanimously decided and granted, pursuant to Articles 100 and 101 of Law 4548/2018, authorization for the conclusion of a bond loan agreement with the related party ” GSI Invest GmbH”, as the Initial Bondholder, and specifically the granting of a bond loan in the amount of eight million euros (€8,000,000) from the Initial Bondholder to the Company, with a duration of two (2) years, a fixed annual nominal interest rate of four percent (4%), commencing from the date of disbursement, and repayment of the principal together with the accrued interest in a lump sum on the maturity date of the loan and the interest period, without any collateral or other type of security The relevant amount will be used partly as working capital for the coverage of short-term liabilities and partly for attractive investment opportunities, which can be directly beneficial to the Company.
The proposed lender is the German company GSI Invest GmbH, which qualifies as a related party to the Company, being a legal entity controlled by persons defined as related parties to the Company under the provisions of Article 99 of Law 4548/2018, as currently in force, and more specifically by Mr. Rigas Tzortzis and Mr. Panagiotis Tzortzis, who, through Indigo Marine Inc., indirectly hold 26,75% of the Company’s share capital.
Pursuant to Article 100 par.3 of Law 4548/2018, within ten (10) days from the publication of this announcement, shareholders representing 1/20 of the Company’s share capital may request the convocation of a General Meeting to decide on the matter of granting the said authorization.
Alimos 3.10.2025
THE BOARD OF DIRECTORS
