Hellenic Dynamics plc announces that Hellenic Dynamics SA, ("Hellenic SA"), the sole subsidiary of the Company, has entered into a 15 year secured loan agreement with a European investment and consulting house focused in health along with oil and gas, commodities construction, and financing, for EUR 1 million ("Loan Agreement"). The Company will use the funds available from the Loan Agreement for working capital purposes and to complete the current phase of investment at the Hellenic facility, including financing the first stage of additional cultivation capacity, which will allow the Company to bring in-house further commercial cultivation and research and development testing of strains to the 195,596 square meter Hellenic facility in northern Greece. The Loan Agreement provides financing of EUR 1 million to the Company with an annual interest rate of 3.5% with a repayment period of 180 months.

For the first 6 months, repayments will be on an 'interest only' basis following which principal and interest will be repaid. The Loan Agreement is guaranteed through an insurance policy with one of the world's largest insurance companies. The Company will pay an insurance fee of EUR 25,000, or 2.5% of the total loan amount, on entering into the Loan Agreement.

The loan is subject to penalties and termination provisions in the event of default and other events usual in an agreement of this nature.