Mr. Christos Orphanides (Director of Orphanides Public Company Ltd)

Announcement revised on 21.10.2025 The below decision of CySEC dated 8.1.2018 in relation to Messrs. Christos Orphanides, George Hadjimichael, Polis Kourousides and Mrs. Eve Makariou, has been ANNULED by the Administrative Court. The act for each of the said persons disappears and should be considered as never has been issued. CySEC has filed an Appeal. 5 April 2018 CYSEC Board Decision Announcement date: Regarding: Legislation: Subject: Judicial Review: 05.04.2018 Board decision date: 08.01.2018 Orphanides Public Company Ltd, Mr. Christos Orphanides (Director), Mr. Marios Antoniades (Director), Mr. Giorgos Hadjimichael (Director), Mr. Christos Filaktou (Director), Mr. Polis Kourousides (Director), Mr. Simos Kiriakides (Director), Mrs Eve Makariou (CFO) The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law, The Insider Dealing and Market Manipulation (Market Abuse) Law Violations/Fines Click here Judicial Review Ruling: Click here The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform the public investigated the compliance of: ➢ Orphanides Public Company Ltd (‘the Company’) with The Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law (‘L.190(I)/2007’) and with The Insider Dealing and Market Manipulation (Market Abuse) Law (‘L.116(I)/2005’) regarding the publication of the Company’s Half-Yearly Financial Report for the period ended 30.6.2012 and Quarterly Financial Report for the period ended 30.9.2012, ➢ the Members of the Board of Directors and the Chief Financial Officer of the Company with L.190(I)/2007 regarding the Statement by the Member of the Board of Directors and other responsible persons included in the Company’s Half-Yearly Financial Report for the period ended 30.6.2012, AND, at its meeting held on 8th January 2018, CySEC, after identifying the existence of violations, concluded as follows: A.1. Non-imposition of an administrative fine to Orphanides Public Company Ltd. A.2. Imposition of an administrative fine to the following Members of the Board of Directors of the Company in the relevant period: Directors Mr. Christos Orphanides Position Executive Chairman Total Administrative fine €120.000 1 Mr. Marios Antoniades Mr. Giorgos Hadjimichael Mr. Christos Filaktou Mr. Polis Kourousides • Non-executive Director • President of the Audit Committee of the Company • Non-executive Director • Member of the Audit Committee of the Company • Non-executive Director • Member of the Audit Committee of the Company • Non-executive Director • Member of the Audit Committee of the Company €40.000 €20.000 €20.000 €20.000 A.3. Non-imposition of an administrative fine to Mr. Simos Kiriakides, Member of the Board of Directors of the Company in the relevant period. A.4. Imposition of an administrative fine of €30.000 to Mrs. Eve Makariou, Chief Financial Officer of the Company in the relevant time. Full details/justification of the CySEC’s decision are/is available in the Greek text of the announcement. em/ 2