The Board of Directors of the société anonyme under the corporate name “FOURLIS HOLDINGS S.A.”, with G.E.MI. No. 000258101000 and registered seat at 25 Ermou Street, Kifissia, Greece (the “Company”), hereby announces, pursuant to Article 101 of Law 4548/2018, that by virtue of its resolution dated 03.08.2026, which was registered with the General Commercial Registry (G.E.MI.) on 07.08.2026 under Registration Code (“K.A.K.”) 6136581 (the “First Announcement”), it granted a special permission, in accordance with Articles 99(1) and 100 of Law 4548/2018, as in force, for the execution of a transaction between related parties, namely the execution of a Share Purchase Agreement for the sale and transfer to the related company Trade Estates Cyprus SSRM Limited (the “Purchaser”) of a 50% equity interest in the Cypriot company Vyner Ltd, held by the Company's subsidiary, also incorporated in Cyprus, Wyldes Ltd (the “Seller”), for a consideration of €49,350,000.
The transaction shall be executed following completion of the approval process under Articles 99-101 of Law 4548/2018, without any advance payment of the purchase price, with the completion date of the Transaction (the “Closing Date”) being the fifteenth (15th) business day following the fulfilment of the agreed conditions precedent, on which date the agreed consideration shall be paid by the Purchaser to the Seller in cash (the “Transaction”).
The Purchaser, Trade Estates Cyprus SSRM Limited, is a wholly owned subsidiary of the related company TRADE ESTATES REAL ESTATE INVESTMENT COMPANY S.A. (trade name: “TRADE ESTATES REIC”) and, as such, constitutes a related party of both Wyldes Ltd and FOURLIS HOLDINGS S.A. within the meaning of Article 99(2) of Law 4548/2018.
The special permission for the execution of the above Transaction was granted after taking into consideration that the Transaction and its individual terms and conditions are fair and reasonable and beneficial to FOURLIS HOLDINGS S.A. and its shareholders who are not related parties, within the meaning of Articles 99-101 of Law 4548/2018, as evidenced by the report dated 08.07.2026 entitled: “Fairness Opinion pursuant to Articles 99-101 of Law 4548/2018 on the fairness and reasonableness of the proposed transfer by Wyldes Ltd of its interest in Vyner Ltd to the related company TRADE ESTATES CYPRUS SSRM LIMITED”prepared by Mr. Vasileios Petinis, Certified Auditor Accountant, of RSM Greece.
For the purposes of preparing the above report dated 08.07.2026, consideration was given, among other things, to the 31.12.2025 Market Valuation Report relating to the “Sofia South Ring Mall” shopping centre, located in Sofia, Bulgaria (the “Property”), prepared by the certified real estate valuation firm Corside Savills, on the Company's instructions, according to which the market value of the Property was assessed at €161,674,000.
It is noted that the Property is wholly owned by Sofia South Ring Mall Bulgaria EAD, a company incorporated in Bulgaria, which is an ind
rect wholly owned subsidiary of Vyner Ltd, and constitutes the principal asset of Sofia South Ring Mall Bulgaria EAD. The execution of the Share Purchase Agreement shall take place following completion of the procedures required under Articles 99-101 of Law 4548/2018 and, in particular:
A) Following the lapse of ten (10) days from the registration of the First Announcement in the Company's G.E.MI. file, during which period shareholders representing one twentieth (1/20) of the Company's share capital may request the convening of a General Meeting in order to decide on the granting of the relevant permission.
B) Following the registration in the Company's G.E.MI. file of a resolution/announcement of the Board of Directors certifying the lapse, without action, of the aforementioned ten (10) day period from the registration of the First Announcement (the “Second Announcement”).
Kifissia - Athens, 7 August 2026
FOURLIS HOLDINGS S.A.
Investor Relations & Corporate Announcements Department
Click here to read the Fairness Opinion Report.
