Decisions of the General Meeting

We would like to inform you that the Company ALPHA TRUST MUTUAL FUND AND ALTERNATIVE INVESTMENT FUND MANAGEMENT S.A. held an Ordinary General Meeting at 17:00 hours on 15.6.2016 at the conference centre at 7 Taki Kavalieratou St. in Kifissia, at which 54 shareholders holding 2,150,894 shares or 69.16% of the capital were present or represented.

The items on the agenda discussed were:

  1. Submission and approval of the financial statements for the accounting period 1.1.2015-31.12.2015 and the reports of the Board of Directors and auditors thereon, and approval for distribution of a dividend.
  2. Release of members of the Board of Directors and auditors from all liability to pay compensation for management during the period 1.1.2015-31.12.2015.
  3. Election of one ordinary and one deputy certified auditor for 1.1.2016-31.12.2016 accounting period and setting of their fees.
  4. Appointment of one ordinary and one deputy certified auditor to audit the management accounts of the mutual funds managed by the company for the 1.1.2016-31.12.2016 period and setting of their fees.
  5. Setting the fees of members of the Board of Directors – approval of the fees for the previous year and pre-approval of fees for the next year.
  6. Approval of Company contracts with the founders and with Board members.
  7. Approval for members of the Board to enter into transactions under Article 27 of the Articles of Association.
  8. Reduction in the Company’s share capital by canceling own shares, and amendment of Article 5 of its Articles of Association.
  9. Any other business.Regarding the 1st item on the agenda, the General Meeting unanimously approved the Board of Directors’ report and the financial statements for the period 1.1.2015-31.12.2015, namely the auditors’ report, the balance sheet, the income statement, the statement of changes in equity, the cash flow statement, additional data and information and notes to the financial statements by 69.16%. In that same decision it also approved the appropriation of the results for the period and the Board of Directors’ proposal to distribute a dividend from the profits to shareholders entitled to one, of € 463,987.80 gross, which corresponds to € 0.15 per share, augmented by the amount corresponding to the 16,748 own shares which the Company holds and which are not entitled to a dividend. The dividend is subject to a 10% withholding tax and consequently, the shareholders will receive € 0.135 net per share. The cut-off date for entitlement to the dividend is 21.6.2016. Dividends for the 2015 accounting period are payable to all persons entered in the Dematerialised Securities Systems’ records as company registered shareholders on the record date of 22.6.2016. Dividends will start to be paid on 27.6.2016 via PIRAEUS BANK.Finally, the General Meeting approved the distribution of part of the 2015 profits (€ 60,000.00 gross) to Company employees. Regarding the 2nd item on the agenda, 33.78% of shareholders at the General Meeting (members of the Board and company employees only voting using the shares they actually owned) voted to release members of the Board of Directors from liability and voted unanimously (69.16%) to release the auditors from all liability to pay compensation for the period 1.1.2015-31.12.2015. Regarding the 3rd item on the agenda, the General Meeting unanimously (69.16%) elected one ordinary and one deputy certified auditor for 2016, namely Mr. Serafeim Makris as ordinary auditor and Mr. Efstathios Banilas as deputy auditor, both from SOL S.A. and set their fee. Regarding the 4th item on the agenda, the General Meeting unanimously (69.16%) elected one ordinary and one deputy certified auditor to audit the management accounts of the mutual funds the company manages for 2016, namely Mr. Serafeim Makris as ordinary auditor and Mr. Efstathios Banilas as deputy auditor, both from SOL S.A. and set their fee.Regarding the 5th item on the agenda, 36.08% of voters at the General Meeting (the shares represented by members of the Board of Directors were excluded) set the fees for members of the Board of Directors, approved the fees for the previous year and granted pre-approval for fees for the next year.Regarding the 6th item on the agenda, the General Meeting unanimously (69.16%) approved the company’s contracts with founders and with Board members. Regarding the 7th item on the agenda, the General Meeting unanimously (69.16%) approved the granting of permission under Article 23 of Law 2190/1920 and Article 27 of the Articles of Association to members of the Company’s Board of Directors so that on own account or on behalf of third parties they enter into transactions which fall within any of the objectives pursued by the company, and participate as general partners, on the Boards or in the management of other companies which pursue the same or similar objectives as ALPHA TRUST MUTUAL FUND AND ALTERNATIVE INVESTMENT FUND MANAGEMENT S.A. Regarding the 8th item on the agenda, the General Meeting unanimously (69.16%) approved: a) a reduction in the Company's share capital by € 5,024.40 by cancelling 16,748 own shares with a nominal value of € 0.30 and the transfer of the sum of € 99,658.33, which arose from the difference between the acquisition value and the nominal value of the cancelled shares, to the ‘Retained earnings’ account, b) the amendment of Article 5(1) of the Company's Articles of Association. Following that, the Company’s share capital stood at € 927,975.60 divided into 3,093,252 ordinary registered shares with a nominal value of € 0.30 each.

Kifissia, 16.6.2016