The Company “A.G. Petzetakis S.A.” announces the ending of negotiations for the sale of the Group’s rigid pipe business in Greece to Wavin B.V. as the above sale, which formed the basis of one of the debt restructuring solutions for the Company, was not accepted by the Company’s bank creditors. The Company’s management is working on alternative solutions in cooperation with its bank creditors for the earliest possible achievement of the restructuring of its matured bank debt.