Stelios Kanakis S A : 26/06/2017 | DECISIONS BY THE ANNUAL ORDINARY GENERAL MEETING JUNE 26, 2017

The Société Anonyme under the title "STELIOS KANAKIS INDUSTRIAL AND COMMERCIAL S.A., RAW MATERIALS FOR CONFECTIONARY, BAKERY AND ICE-CREAM", with trade title "STELIOS KANAKIS S.A." (hereinafter referred to as the "Company") announces that on June 26, 2017, Monday, at 10:30, the annual Ordinary General Meeting of its shareholders was held at the registered offices of the Company (located at 4 Anemonis Str., Acharnes, Attica), and was attended in person or through representatives by shareholders representing 6.535.741 common registered shares and equal voting rights, i.e. .87,14 % over the entire 7.500.000 shares and equal voting rights of the Company.

The Ordinary General Meeting of the Company's shareholders took the following decisions about the subjects of the agenda; these decisions are presented based on the voting results per subject in accordance with the provisions of article 10, law 3884/2010 the results have been posted on the lawfully registered corporate website (www.stelioskanakis.gr).

Concerning the 1st subject, they unanimously approved the annual Financial Statements about the closing fiscal year of 2016 (01.01.2016 - 31.12.2016) and the Financial Report for period in question, which has been prepared in agreement with the law and has been published by the Company both at the corporate website, lawfully registered with the General Commercial Registry (G.E.MI.) and at the website of the organized capital market where the shares of the Company are listed, as well as at the Hellenic Capital Market Commission.

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14%
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

With regard to the 2nd subject, the Meeting approved unanimously the annual Directors' Report, which has been included in its entirety in the Minutes by the Company's Board of Directors, dated April 24, 2017, as well as the Audit Report, dated April 25, 2017, issued by the Company's Certified Auditor - Accountant, Mr Theodoros N. Papaeilios regarding the annual financial statements concerning the fiscal year of 2016 (01.01.2016-31.12.2016).

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14%
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

Concerning the 3rd subject, they approved unanimously the appropriation (pay-out) of the results of the fiscal year of 2016 (01.01.2016-31.12.2016) and specifically approved the non-payment of any dividend to the Company shareholders from the profits of 2016 closing year.

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14%
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

Concerning the 4th subject, they unanimously approved and following shareholder roll-call voting, they discharged the members of the Board of Directors and the Company Auditors from any liability concerning their actions and the management conducted during 2016 period (01.01.2016-31.12.2016), as well as about the annual financial statements of said period.

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14%
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

Concerning the 5th subject, the Meeting approved unanimously the assignment of Auditing Firm "SOL SA CERTIFIED PUBLIC ACCOUNTANTS", which is registered with the Public Registry provided for by article 14, law 4449/2017, for the conduct of the compulsory audit of the annual and semi-annual financial statements of the Company for the current period of 2017 (01.01.2017-31.12.2017) and specifically by Mr Theodoros Papaelios, son of Nikolaos (Certified Auditor - Accountant Reg. no. 16641), as the Ordinary Certified Auditor - Accountant and by Mr Panagiotis Trimponias, son of Vasileios (Certified Auditor - Accountant Reg. no. 14941) as Alternate Certified Auditor - Accountant.

It is noted that the above Auditing Firm shall undertake the procedure for the issuing of the annual tax certificate and tax compliance report for the Company, for 2017 period (01.01.2017-31.12.2017), as provided by article 65A, of law 4174/2013.

Finally, through this decision, the Meeting authorized the Board of Directors to proceed to a final agreement with the above Auditing Firm with regard to its fee, which may not exceed the fee collected in the prior period, 2016, and send the written notice - mandate to the appointed Auditing Firm above within five (5) days upon its election.

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14%
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

Concerning the 6th subject, the Meeting unanimously approved the fees paid to the members of the Board of Directors for the services provided to the Company in the past period of 2016 (01.01.2016-31.12.2016), while also pre-approving the fees to be paid to the members of the Board of Directors in the current period of 2017 (01.01.2017-31.12.2017) until the following annual Ordinary General Meeting.

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14%
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

Concerning the 7th subject, the Meeting approved unanimously the election of the new seven-member Board of Directors for a five-year term, i.e. until June 26, 2022, extended until the expiration of the period during which the immediately next Ordinary General Meeting must convene.

Specifically, the newly elected members of the Board of Directors are the following:

1) Stylianos Kanakis, son of Dimitrios,
2) Eleftheria Kanaki, daughter of Stylianos,
3) Athanasios Syrmos, son of Vasileios,
4) Christos Vatalidis, son of Panagiotis,
5) Seraphim Kalliantasis, son of Georgios,
6) Alexandra Pilatou, daughter of Thomas, and
7) Alexandros - Nektarios Kainourgios, son of Georgios.

Through the above decision, the Meeting appointed as independent members of the Board of Directors, as per the clauses of law 3016/2002, as currently in effect, Ms Alexandra Pilatou, daughter of Thomas, and Mr. Alexandros - Nektarios Kainourios, son of Georgios, who meet the independence conditions provided for by the law.

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14%
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

Concerning the 8th subject, the Meeting approved unanimously the appointment of the Audit Committee, under the clauses of article 44, law 4449/2017, which consists of the following three (3) natural persons, i.e. 1) Mr. Dimitris Panagotas, son of Ioannis, 2) Ms Alexandra Pilatou, daughter of Thomas, and 3) Mr. Christos Vatalidis, son of Panagiotis.

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14%
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

Concerning the 9th subject, the Meeting unanimously approved the reduction of the Company share capital by € 600.000,00 by reducing the nominal value of each Company share by € 0,08 i.e. from € 0,69 to € 0,61 and by returning - paying the respective amount to Company shareholders.

Along with the above decision, the Meeting granted to the company Board of Directors the required authorisations in order to schedule all necessary dates (ex-right, determination of beneficiaries, start of payment of return, etc.) regarding the execution of the above decision for the reduction of the company share capital, as well as to take all necessary action in order to obtain the relevant approvals by the competent authorities and cater to the payment of the amount resulting from the reduction of the share capital to the entitled shareholders of the Company.

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14%
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

Concerning the 10th subject, the Meeting unanimously approved, following the decision taken on the ninth subject of the agenda, an amendment to article 5, par. 1 on the share capital in the company Articles of Associations, exactly in the form announced as a draft by the Company, as per article 27, par. 3, verse d) of cod. law. 2190/1920.

• Amount of shares for which valid votes were cast: 6.535.741
• Percentage of share capital: 87,14 %
• Total amount of votes valid: 6.535.741
• Amount of votes in favour: 6.535.741
• Amount of votes against: 0
• Amount of abstentions (present): 0

Concerning 11th subject, certain announcements were made on behalf of the Presidium concerning the results and course of the Company.

Acharnes, June 26, 2017
For "STELIOS KANAKIS S.A."