Prodea will acquire 20% of the share capital of "MHV Mediterranean Hospitality Ventures PLC", held by "Flowpulse Limited", for a total consideration of €92.4 million.

Prodea Investments in response to a query of the Hellenic Capital Market Commission following a relevant publication in the electronic press and in accordance with the Athens Exchange Regulation and Law 3556/2007, announces that the procedure provided for by articles 99-101 of Law 4548 /2018, regarding the authorization by the Board of Directors of the Company, for the conclusion of a conditional share purchase agreement with "Flowpulse Limited", under which the Company will purchase shares subject to the fulfilment of the below mentioned condition and in the framework of a private takeover bid / mandatory takeover bid procedure, as provided for in the Articles of Association of MHV Mediterranean Hospitality Ventures PLC, from Flowpulse Limited, the shares held by the latter in MHV Mediterranean Hospitality Ventures PLC, which represent in fact 20% of its share capital and which are listed on the Emerging Companies Market of the Cyprus Stock Exchange.

The purchase of the shares must be completed, unless otherwise agreed by the parties, by 31 May 2025, subject to the occurrence of events that make the transaction possible.

If the contingency is not satisfied in a manner (reasonably) satisfactory to the Company or if 31 May 2025 passes without the contingency being satisfied and the parties have not otherwise agreed, the agreement will terminate without prejudice.

The total consideration of €92.4 million will be paid in instalments in stages and is proportionate to the corresponding consideration and repayment instalments that the Company agreed to pay to Ascetico Limited for the acquisition of 55% of "MHV Mediterranean Hospitality Ventures PLC".