29 JULY 2020 Creating wellness producing value Disclaimer

Αθήνα, 29 JULY 2020 “Creating wellness, producing value”

Disclaimer This presentation has been prepared by Papoutsanis S. A. solely for informational purposes and cannot be used for any other purpose nor can it be addressed to any other person. The information included herein is confidential and cannot, therefore, be published, copied or dispatched. This presentation is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any investment. No part of this presentation may be construed as constituting investment advice or a recommendation to enter into any transaction. No representation or warranty is given with respect to the accuracy or completeness of the information included in this presentation, and no claim is made that any future offer to transact on any relevant securities will conform to any terms that may be contained herein. Before entering into any transaction, investors should, therefore, determine any economic risks and benefits, as well as any legal, tax and accounting consequences of doing so, as well as their ability to assume such risks, without reliance on the information contained in this presentation. PROJECTIONS – ESTIMATES – FORWARD LOOKING STATEMENTS The presentation includes both information based on historical financial data as well as estimates, projections and other forward looking statements. Any projections or other estimates in this presentation, including estimates on the performance of the company, our prospects, the result of our objectives and strategies, or the results of our operations and business, are forward looking statements based upon certain assumptions that in the future may be proven in fact wrong or inaccurate. These assumptions may be influenced by factors within or beyond our control, and actual results may materially differ from any estimates and projections included herein. We do not intend to amend or update this presentation in case such estimates, projections or forward looking statements do not materialise or change in the future. 2

4 Business Segments: Own brands, hotel amenities, contract manufacturing, specialty soap noodles. Less risk exposure. Products: A large portfolio of consumer and retail, exclusive, hotel and private label products Local Production: Great production capacity, with ability to increase further, technological excellence and export activity Domestic market: 1 A historic brand with a leading position in B 2 C and B 2 B market segments Extroversion: Growing international presence. 2 nd largest European soap producer. Partnerships: Long-lasting co-operations with multinational leading players in all segments. Sustainability: Commitment to sustainable growth and conscious operation. Focusing on production of natural products using sustainable raw materials 3

History 4

Capital Expenditure | Production Facilities • Extended over a 60, 000 m 2 land in Halkida, just 70 km north of Athens • One of the largest and most modern soap manufacturing facilities in Europe • Over 100. 000 units per year | 40% Spare capacity • Production Lines – – – Production of various bar soap types Continuous and batch saponification units Liquid Cosmetics production Filling lines PET, PE Bottles & PP Closing Cups Production • New plant investment: 50 mil Euros (2000 -2019) • Capex in 2020 – 21: ca. 7 mil Euros (aiming to double retail bar soap capacity in order to address increased demand in Europe) 5

Strive for Quality & Innovation R&D and Quality Assurance • Fully equipped and manned in-house R&D laboratory • 100 -150 own innovative formulas/year • Excellent know-how in developing solid and liquid soap formulations • Meets high standards of multinational FMCG Companies and Retailers Fully certified with respect to quality, sustainability and social responsibility: 6

ECO FRIENDLY & CLEAN FORMULA Responsible Packaging Natural Ingredients 100 % Recyclable Packaging Biodegradable Post Consumer Recycled Bottles - Boosting Circular Economy SUSTAINABILITY RSPO Certified Soap Mass Vegan Certification Cruelty free Cosmos Certified Formulas 7

Global Presence Exports in more than 25 countries Countries: UK, Germany, Italy, France, Spain, Portugal, Romania, Fyrom, Servia, Bulgarian, The Netherlands, New Zealand, Mexico, Lithuania, Slovakia, Albania, Belgium, Cyprus, Austria, Sweden, USA, Canada, Russia, Japan, Hong Kong, Australia etc. 8

Own Brands - Retail • Strong Brand heritage with 150 years of presence in Greece • 100% presence in organized trade • 3. 500 point of Sales • 50. 000 placements in Greece • Strong BTL activity • Innovative product launches every year and strong 3 year NPD pipeline • 360ο Marketing Support 9

Own Brands - Retail Hand Sanitizer 10

Own Brands - Retail 11

Own Brands – Selective Market & Pharmacies OLIVIA - Beauty & The Olive Tree When tradition meets modern technology. . . the result bears the name Olivia: A line of natural products for body and hair care blessed with beneficial properties of Organic Olive Oil & Organic Olive Extracts. Olivia combines: 1. the deep knowledge of Papoutsanis on personal care products and olive tree beauty benefits with 2. the scientific R&D knowhow on olive extracts of the University of Athens (Dpt. of Pharmacognosy and Chemistry of Natural Products ) 12

Key figures 2012 – 2019 in ‘ 000 Euro Sales 30, 667 32, 000 26, 000 +15% 24, 241 23, 000 20, 775 17, 000 15, 231 16, 031 17, 170 8, 810 9, 500 +17% 29, 000 20, 000 Gross Profit & Gross Profit margin +27% 8, 500 30% 7, 500 6, 709 4, 500 3, 500 14, 000 3, 538 15% 3, 939 4, 029 10% 2, 665 5% 2, 500 11, 000 1, 500 8, 000 0% 2012 2013 5, 000 2012 2013 2014 2015 2016 2017 2018 3, 845 4, 000 2014 2015 Gross Profit 2019 EBITDA & EBITDA Margin 2016 2017 2018 2019 Gross Profit margin EBT & EBT Margin 2, 000 7% 14% 6% 12% 1, 500 3, 500 10% 2, 868 3, 000 2, 500 2, 000 20% 4, 975 5, 500 15, 614 25% 5, 830 6, 500 18, 032 1, 871 2, 069 2, 157 8% 6% 2, 230 2, 303 4% 1, 907 2% 1, 500 0% 2012 2013 2014 2015 EBITDA 2016 2017 2018 EBITDA margin 2019 35% 5% 4% 1, 000 3% 500 2% 1% 0 2012 2013 2014 2015 2016 2017 -500 2018 2019 0% -1% EBT margin 13

Key figures First Half 2017 – 2020 in ‘ 000 Euro Sales +46% 25, 000 +20% 15, 000 10, 004 7, 127 7, 500 20, 919 20, 000 Gross Profit & Gross Profit margin 35% 6, 500 +20% 30% 5, 500 14, 351 11, 981 25% 4, 139 4, 500 3, 500 2, 818 20% 3, 341 15% 10% 2, 500 5, 000 5% 1, 500 0% 0 H 1 2017 H 1 2018 H 1 2019 40% H 1 2018 H 1 2019 H 1 2020 Gross Profit EBITDA & EBITDA Margin Gross Profit margin EBT & EBT Margin 5, 000 4, 500 4, 000 3, 500 3, 000 2, 500 2, 000 1, 500 1, 000 500 0 4, 594 25% 20% 15% 1, 102 1, 388 1, 771 10% 5% 0% H 1 2017 H 1 2018 EBITDA H 1 2019 EBITDA margin H 1 2020 3, 211 3, 500 3, 000 2, 500 2, 000 1, 500 1, 000 253 521 792 500 0 H 1 2017 H 1 2018 EBT H 1 2019 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% H 1 2020 EBT margin 14

Corporate Social Responsibility • Commitment to communities and society as a whole through the long standing support to organizations, institutions and socially vulnerable groups. • Adopt Health & Safety measures for our employees and provide ongoing training on environmental management • Responsible business operation in order to minimize the environmental and energy footprint in the production facilities ( i. e. Use of natural gas, re-circulation of solid residues, use of up-to-date technology) • Transparency and open dialogue with stakeholders regarding environmental issues (i. e. Member of the Roundtable on Sustainable Palm Oil Association) 15

Thank you! PAPOUTSANIS SA Km of National Road Athens – Lamias 34 100 Chalkida, Greece T. : +30 22620 86430 email: info@papoutsanis. gr - www. papoutsanis. gr 71 st 16