Resignation of Deputy CEO from PPA S.A.

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Piraeus, 04.05.2018

PRESS RELEASE

Resignation of Deputy CEO from PPA S.A.

The Management of PPA S.A. announces the resignation of Deputy CEO Mr. Li Jianchun, from the Company with effect on May 2nd 2018, due to his transfer in another position of COSCO SHIPPING and warmly thanks him for his services. It will follow a new announcement regarding his replacement.