Announcement for the decrease of the share capital of the company by decreasing the nominal value of each ordinary share issued and by distributing cash to its shareholders

ANNOUNCEMENT FOR THE DECREASE OF THE SHARE CAPITAL OF THE COMPANY BY DECREASING THE NOMINAL VALUE OF EACH ORDINARY SHARE ISSUED AND BY DISTRIBUTING CASH TO ITS SHAREHOLDERS

Further to the announcement dated 18 June 2024 of the decisions of the Annual General Meeting held on 18 June 2024, and with the purpose of informing its shareholders and the investment community, GALAXY COSMOS MEZZ PLC ("Company") announces the following:

1. Share Capital Decrease

The legal procedures have been completed at the Nicosia District Court and at the Department of the Registrar of Companies for the ratification and registration of the Special Resolutions approved at the Annual General Meeting of the Company on 18 June 2024, and on 25 November 2024 the Department of Registrar of Companies and Official Receiver delivered the Certificate of Capital Reduction dated 18 November 2024 and the Certificate of Share Capital dated 22 November 2024 which confirms the new share capital structure, following the reduction of the nominal value of the shares. The new share capital of the Company amounts to:

• Authorized share capital: € 6,398,869.6704 divided into 86,941,164 ordinary shares of nominal value of € 0.0736 each.
• Issued share capital € 6,398,869.6704 divided into 86,941,164 ordinary shares of nominal value of € 0.0736 each.

All shares have the same rights.

2. Procedures for capital return

The total amount of cash that will be returned to the shareholders registered in the Company's register on the Record Date, following the reduction of the issued share capital, will amount to € 7,824,704.76, which corresponds to € 0.09 per share.

The Athens Stock Exchange on Τuesday, 3.12.2024, was informed of the change in the nominal value of the Company's shares and the return of capital via cash distribution to the shareholders amounting to € 0.09 per share.

Following the above, as of Monday, 9.12.2024, the Company's shares will be traded on the EN.A. PLUS segment of the Alternative Market ("EN.A. PLUS") with a nominal value of € 0.0736 per share and without the right to participate in the return of capital via cash distribution to the shareholders, amounting to € 0.09 per share.

Galaxy Cosmos Mezz PLC | 33 Vasilissis Freiderikis, Palais D' Ivoire House, 1066 Nicosia, Cyprus

1. +357 22022882 | F: +357 22022883 | E:info@galaxycosmosmezz.com|https://www.galaxycosmosmezz.com/Registration No.: HE 433604 | TIC: 10433604E | VAT: CY10433604E

As of the same date, the starting price of the Company's shares on the EN.A. PLUS segment of the Alternative Market ("EN.A. PLUS") will be set in accordance with decision no. 26 of the Board of Directors of the Athens Stock Exchange, as applicable.

Beneficiaries of the distribution of the return of capital will be the Company's shareholders registered in the records of the Dematerialised Securities System (DSS) on Tuesday, 10.12.2024 (record date).

The starting date of the payment of the return of capital to the beneficiaries (€ 0.09 per share) shall be Friday, 13.12.2024. The return of capital will take place by the paying bank "ALPHA BANK S.A." ("Paying Bank"), as follows:

1. Through the Participants of the beneficiaries in the DSS (Banks and Stock exchange Companies) in accordance with the applicable rules of operation of ATHEXCSD (Greek Central Securities Depository SA) and their relevant decisions.
2. In particular, in cases of payment to heirs of deceased beneficiaries whose securities are held in the Special Account of their Share in the DSS, under the supervision of ATHEXCSD, the process of payment will be carried out after the completion of the legalisation of the heirs, through the network of branches of the Paying Bank. In addition, in the event that the beneficiary held his securities through a credit institution/investment company that has been placed in special liquidation, the deposit of the amount attributable to him will be activated through the Paying Bank's branch network.

For further information, shareholders can contact the Company's Shareholders' Registry, tel. +357 22 022 891.

Nicosia,

3 December 2024

Galaxy Cosmos Mezz PLC | 33 Vasilissis Freiderikis, Palais D' Ivoire House, 1066 Nicosia, Cyprus

1. +357 22022882 | F: +357 22022883 | E:info@galaxycosmosmezz.com|https://www.galaxycosmosmezz.com/Registration No.: HE 433604 | TIC: 10433604E | VAT: CY10433604E