The Vice President and CEO of Noval Property, Panagiotis Kapetanakos, submitted his resignation, which was accepted, as the company announced.

The Board of Directors of Noval Property, at its meeting on November 4, 2024, unanimously decided:

(a) the acceptance of the resignation of Mr. Panagiotis Kapetanakos, dated 04.11.2024, from his positions as Vice-Chairman of the Board of Directors, Managing Director of the Company, Member of the Board of Directors, as well as Chairman and Member of the Investment Committee of the Company.

(b) the election of Mr. Michael Panagi of Neocles as Vice Chairman of the Board of Directors and Chief Executive Officer of the Company. According to the Policy on the Eligibility of the Members of the Board of Directors of the Company, which the Ordinary General Meeting of Shareholders of the Company approved on July 16, 2021, Mr. Michael Panagi satisfies the requirements for his election.

(c) the continuation of the management and representation of the Company by the remaining, existing, eight (8) members of the Board of Directors of the Company, without the election of a new member to replace the resigned, Mr. Panayiotis Kapetanakos, Nikolaos, in accordance with article 82 par. 2 of Law 4548/2018 and as permitted under article 7 paragraph 2 of Article 7 of Law 4548/2018. 5 of the Company's Articles of Association, for the remainder of the term of the Board of Directors of the Company, as stated below.

(d) the reconstitution of the Board of Directors of the Company into a body, as follows:

1) Meletios Fikioris of Ioannis, Chairman of the Board of Directors, Non-Executive Director.

2) Michael Panagis of Neocleous, Vice Chairman of the Board of Directors, Chief Executive Officer, Non-Executive Member.

3) Ekaterini Apergi of Konstantinos, Executive Member.

4) Eugenia Mourousia of Konstantinos, Executive Member.

5) Maria Kapetanaki of Nikolaos, Non-Executive Member.

6) Ioannis Stroitsis of Panagiotis, Independent Non-Executive Member.