The pricing of the preparation of an accelerated offer book for 33,619,870 existing shares of HELLENiQ Energy Holdings S.A. was announced by the TAIPED.

In particular, further to yesterday’s announcement, the Fund announces that TAIPED and PanEuropean Oil and Industrial Holdings SA (“POIH” and together with TAIPED, the “Selling Shareholders”) have agreed to sell 33,619,870 existing common shares (the “Shares”) of HELLENiQ Energy Holdings SA (“HELLENiQ” or the “Company”), corresponding to 11% of the existing common share capital of HELLENiQ at a price of EUR 7.00 per share, through an accelerated offer book process, for which did not require the publication of a prospectus (the “Transaction”).

TAIPED will dispose of 12,128,317 shares under the transaction and, upon completion of the transaction, will own 31.2% of the share capital of HELLENiQ, and POIH will dispose of 20,491,553 shares under the transaction and, upon completion of the transaction, will own 40.4% of HELLENiQ’s share capital.

Completion of the transaction is expected to take place on December 12, subject to the satisfaction or waiver of certain customary conditions. HELLENiQ will not receive any revenue from the transaction.

As part of the transaction, the selling shareholders agreed with the joint international coordinators to lock up their remaining shares in the company for a period of 180 days from the completion of the transaction, subject to certain carve-outs and exceptions.

Goldman Sachs Bank Europe SE (“Goldman Sachs”) and JP Morgan SE (“JP Morgan” and, together with Goldman Sachs, the “Joint International Coordinators”) acted as joint international coordinators in connection with the transaction.

Rothschild & Co acted as process advisor for the purposes of Article 3 paragraph 3 third paragraph of Law 3986/2011 and Freshfields Bruckhaus Deringer LLP and the law firm Karatza & Synergates acted as external legal advisors to TAIPED and POIH.