Anonimi Naftiliaki Etairia Kritis : SEMI-ANNUAL FINANCIAL REPORT 01.01.2022 – 30.06.2022

SEMI - ANNUAL

FINANCIAL REPORT

FOR THESTPERIOD 2022

FROM 1 JANUARY

TO 30TH JUNE

ANEK LINES S.A.

No of G.E.C.R.: 121557860000

148 KARAMANLI AVE., 73100 CHANIA, CRETE

TEL.: [phone], www.anek.gr

CONTENTS

STATEMENTS OF BOARD OF DIRECTORS................................................................................................................	3
REVIEW REPORT BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT....................................................................	4
SEMIANNUAL REPORT OF THE BOARD OF DIRECTORS...........................................................................................	6
INTERIM SEPARATE & CONSOLIDATED FINANCIAL STATEMENTS AS OF 30 JUNE 2022 ........................................	14
STATEMENTS OF COMPREHENSIVE INCOME..............................................................................................................	15
STATEMENTS OF FINANCIAL POSITION.......................................................................................................................	16
STATEMENTS OF CHANGES IN EQUITY........................................................................................................................	17
CASH FLOW STATEMENTS...........................................................................................................................................	18
INFORMATION AND EXPLANATORY NOTES ON THE INTERIM FINANCIAL STATEMENTS OF THE PERIOD
01.01.2022 - 30.06.2022......................................................................................................................................	19
1.	General information for the Company and the Group .......................................................................................	20
2.	Preparation basis of the financial statements and accounting principles ..........................................................	21
3.	Seasonal nature of business activities ................................................................................................................	25
4.	Segmental information .......................................................................................................................................	26
5.	Fixed assets.........................................................................................................................................................	27
6.	Cash and cash equivalents..................................................................................................................................	29
7.	Long term and short term bank borrowings.......................................................................................................	29
8.	Other long term liabilities...................................................................................................................................	30
9.	Earnings / (losses) per share...............................................................................................................................	30
10.	Income tax ..........................................................................................................................................................	31
11.	Balances and transactions with related parties..................................................................................................	32
12.	Commitments and contractual liabilities............................................................................................................	33
13.	Contingent liabilities / receivables - litigious disputes or disputes in arbitration..............................................	34
14.	Subsequent events..............................................................................................................................................	35

The attached semiannual financial report has been prepared according to article 5 of the law 3556/2007 and has been approved for publishing by the Board of Directors of the parent company at the date of 29th Septem- ber 2022 and is disclosed in the web address of the Company www.anek.gr

The attached semi-annual financial report has been translated from the Greek original version.

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S T A T E M E N T S O F B O A R D O F D I R E C T O R S

STATEMENTS OF BOARD OF DIRECTORS

(according to article 5 par.2 of Law 3556/2007)

The members of the Board of Directors of ANEK SA:

• Georgios Katsanevakis, Chairman,
• Ioannis Vardinoyannis, Managing Director,
• Spyridon Protopapadakis, A' Vice-Chairman as assigned

hereby represent that, to the best of our knowledge:

a) the semi-annual financial statements (separate and consolidated) for the period 1st January 2022 to 30th June 2022 prepared according to the applicable International Financial Reporting Standards, present truly and fairly the assets and liabilities, the equity and the financial results of the Company ANEK LINES SA, as well as of the consolidated companies according to paragraphs 3 to 5 of article 5 of Law 3556/2007, and

1. the semi-annual enclosed Report of Board of Directors presents fairly the information required according to paragraph 6 of article 5 of Law 3556/2007.

Chania, September 29th 2022

The Chairman

The Managing Director

The A' Vice-Chairman

GEORGIOS G. KATSANEVAKIS	IOANNIS I. VARDINOYANNIS	SPYRIDON I. PROTOPAPADAKIS
ID Card No. AI 473513	ID Card No. Π 966572	ID Card No. AA 490648

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R E V I E W R E P O R T B Y I N D E P E N D E N T C E R T I F I E D P U B L I C A C C O U N T A N T

REVIEW REPORT BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT

To the Board of Directors of ANEK S.A.

Introduction

We have reviewed the accompanying condensed separate and consolidated statement of financial position of ANEK S.A. (the "Company"), as at 30 June 2022 and the relative condensed separate and consolidated statements of comprehensive income, changes in equity and cash flows for the six-month period then ended, as well as the selected explanatory notes, that constitute the condensed interim financial information, which is an integral part of the six-month financial report under the L. 3556/2007. Management is responsible for the preparation and presentation of this condensed interim financial information, in accordance with International Financial Reporting Standards, as adopted by the European Union (EU) and which apply to Interim Financial Reporting (International Accounting Standard "IAS 34"). Our responsibility is to express a conclusion on this condensed interim financial information based on our review.

Scope of review

We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing that have been incorporated into the Greek Legislation and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim financial information is not prepared, in all material respects, in accordance with International Accounting Standard "IAS 34".

Material Uncertainty Related to Going Concern

We draw attention to Notes (2) and (14) in the condensed interim financial information, where are indicated that:

1. the working capital of the Company and the Group are negative respectively by € -284,4 million and € -276,1 million, the equity of the Company and the Group are negative respectively by € -73,2 million and € -62,5 million, while there are overdue liabilities of the Company towards credit institutions, b) on 26.09.2022 a decision was tak- en by the Board of Directors of the Company regarding the initiation of the business transformation process for

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R E V I E W R E P O R T B Y I N D E P E N D E N T C E R T I F I E D P U B L I C A C C O U N T A N T

the merger by absorption of "ANEK S.A." by "ΑΤΤΙCA Holdings S.A." in the context of an agreement of the latter with the main shareholders and creditors of the Company.

The above events and conditions combined with the current energy and inflationary crisis and the current high prices of marine fuels, indicate a material uncertainty that may cast significant doubt on the Company's and the Group's ability to continue as a going concern in the event that the aforementioned business transformation and the parallel agreement with the creditors for the settlement are repayment of the loan debt of "ANEK S.A." are not completed. Our conclusion is not modified in respect of this matter.

Report on other Legal and Regulatory Requirements

Our review did not identify material inconsistency or error in the statements of the members of the Board of Directors and the information of the six-month Financial Report of the Board of Directors, as these are defined in article 5 and 5a of L. 3556/2007, with respect to the condensed separate and consolidated financial information.

Athens, 29 September 2022

The Certified Public Accountants

Konstantinos E. Antonakakis	Nikolaos E. Kollyris
Certified Public Accountant	Certified Public Accountant
Institute of CPA (SOEL) Reg. No. 22781	Institute of CPA (SOEL) Reg. No. 35591
	Member of Crowe Global 3, Fok. Negri Str.,
	112 57 Athens, Greece
	Institute of CPA (SOEL) Reg. No. 125

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