ANNOUNCEMENT OF EXTRAORDINARY CASH DISTRIBUTION PAYMENT

Jumbo S.A. (the Company) announces to its shareholders that according to article 4.1.3.4. of the Athens Exchange Regulation, the Board of Directors of the Company during its meeting held on 24.11.2020, decided upon the extraordinary cash distribution of EUR 0.38 per share (gross amount), before withholding dividend tax, i.e. a total amount of EUR51,702,708.42 which is part of extraordinary reserves from taxable and non-distributed profits of the fiscal year from 01.07.2019 to 31.12.2019. After withholding a dividend tax of 5%, where necessary, the remaining extraordinary cash distribution amounts to EUR 0.3610 per share.
Beneficiaries of the extraordinary cash distribution of an amount of EUR 0.38 per share (gross) are the Company's shareholders registered at the closing of the Athens Exchange session on Friday 04.12.2020 (the record date). The cut-off date of the extraordinary distribution is Thursday 03.12.2020 and the payment to entitled shareholders shall begin on Tuesday 08.12.2020. The payment will be processed through the paying credit institution Eurobank S.A. (the Paying Bank), as follows:
i. via the Central Securities Depository Operators, for shareholders who have been granted their operators the relevant collection rights.
ii. via deposit to the International Bank Account Number (IBAN), where the shareholder has declared to receive the distributed amounts in accordance with article 13 of the DSS Operation Regulation and decision no. 6 of the BoD of the ATHEXCSD, as applicable, for shareholders who do not wish to receive the amounts through their operators. This concerns only shareholders who have declared an IBAN with the Paying Bank.
iii. via the branch network of the Paying Bank, for any other shareholder.
Payment through the Paying Bank’s branch network will be executed through the submission of the Identity Card of the shareholder and a printout of the details of the shareholder (DSS Beneficiary investor share codes), while the payment to a third person can only be done through the presentation of a certified authorization, which shall include the full details of the shareholder as well as of the authorized person (full name, father's name, identity card number and tax identification number) and will be certified for the original signature by the Police or another Public Authority.
After three (3) months from the payment commencement date, i.e. as of Tuesday 09.03.2021, payment of the extraordinary cash distribution will be made only at the Company's headquarters at Moschato, Attica (9, Cyprus Street and Ydras).
For further information, shareholders may contact the shareholder information department during business days and hours (Head of the Department Mrs Amalia Karamitsoli, tel. +30 210 4805267).
Additionally, the contact details of the Paying Bank are the following: Domestic Markets Custody Operations Division, Corporate Actions Department, 8 Iolkou Street and Filikis Etairias, P.C. 14234 Nea Ionia, Attica, tel. +30 210 3522085 and +30 210 3522284.
It is clarified that the right to collect extraordinary cash distribution disperses if not collected within a period of five (5) years from the end of the year that the corresponding right was born (article 250 of the Greek Civil Code, item 15) and that following such term, any relevant amount shall be reimbursed to the Hellenic Republic according to article 1 of legal decree 1195/1942.

Athens, 24.11.2020
JUMBO S.A.