PRESS RELEASE: First Half of 2024 Results

PRESS RELEASE
ALPHA TRUST-ANDROMEDA S.A.: First Half of 2024 Results -
Distribution of Additional Dividend from Previous Years' Profits

Key Financial Figures First Half 2024:

ALPHA TRUST-ANDROMEDA S.A. today announced its financial results for the first half of 2024, in accordance with International Financial Reporting Standards, as well as the Board of Directors' decision to distribute an additional dividend from previous years' profits. According to the results announced by the company, earnings before taxes (EBT) for the first half of the year amounted to €1.28 million compared to €6.09 million in the same period of 2023, while net profits reached €1.19 million.
According to ALPHA TRUST-ANDROMEDA S.A.'s management, the decrease in earnings before taxes is mainly due to a reduction in profits from the valuation of securities, as the comparison is made with a very strong first half of 2023 on the Athens Stock Exchange.

Regarding the distribution of the additional dividend from previous years' profits, it amounts to €0.17 per share, which will be added to the €0.316 per share dividend the company distributed in June 2024. The total dividend of €0,486 per share raises the company's dividend yield to 7.5% for the current fiscal year.

For the period from January 1, 2024, to June 30, 2024, the company's portfolio recorded a return of 4.02%, with the Net Asset Value (NAV) of the portfolio standing at €30.41 million or €8.38 per share as of June 30, 2024. The portfolio composition on June 30, 2024, included investments in listed shares on the Athens Stock Exchange at 93.48%, bond investments at 3%, and investments in Money Market Mutual Funds at 1.02%.

On June 28, 2024, ALPHA TRUST-ANDROMEDA S.A.'s shares were trading on the Athens Stock Exchange at a significant discount of -23.69%, with the closing price at €6.40.

In connection with the announcement of the results and the distribution of dividends from previous years' profits, ALPHA TRUST-ANDROMEDA S.A.'s CEO, Mr. Vassilios Kletsas, stated:
"Despite the decrease in profitability, the company remains committed to generously rewarding its shareholders, while also reaffirming the character of its stock as a very satisfactory 'savings solution'. For the seventh consecutive year, ALPHA TRUST-ANDROMEDA S.A. has secured a dividend yield (7.5%) that exceeds the corresponding aggregate yield of the Athens Stock Exchange (estimated at 4%)."

Kifissia September 12th, 2024