Minoan Group Plc announced the appointment of Mr. George Mergos as a director to the Boards of both the Company and its subsidiary Loyalward Limited. George is Professor Emeritus, Division of Development and International Economics, Department of Economics, National and Kapodistrian University of Athens. He is a Board member of the Foundation of Economic and Industrial Research.

Since May 2017 he has been a director, and from June 2021 Vice Chairman, of Terna Energy SA. George, is a senior academic with extensive management experience at the highest levels in the public and the private sector. He has served as Secretary General of the Ministry of Finance, Secretary General of the Ministry of Economy, Governor of IKA, and as a member of the Boards of the Hellenic Financial Stability Fund, the Public Power Corporation and the Council of Europe Pension Reserve Fund.

The Company announces that Barry Bartman has decided to retire from the Board.