Anonimi Naftiliaki Etaria Kritis S A : SEMI-ANNUAL FINANCIAL REPORT 01.01.2021 – 30.06.2021

SEMI - ANNUAL

FINANCIAL REPORT

FOR THESTPERIOD 2021

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 ON INTERIM FINANCIAL INFORMATION......................................................................................	4
SEMIANNUAL REPORT OF THE BOARD OF DIRECTORS...........................................................................................	6
INTERIM SEPARATE & CONSOLIDATED FINANCIAL STATEMENTS AS OF 30 JUNE 2021........................................	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
01.01.2021 - 30.06.2021......................................................................................................................................	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...........................................................................................................	26
4.	Segmental information.................................................................................................................................	26
5.	Fixed assets..................................................................................................................................................	28
6.	Cash and cash equivalents............................................................................................................................	30
7.	Long term and short term bank borrowings..................................................................................................	30
8.	Other long term liabilities.............................................................................................................................	31
9.	Earnings / (losses) per share.........................................................................................................................	31
10.	Income tax ...................................................................................................................................................	32
11.	Balances and transactions with related parties .............................................................................................	33
12.	Commitments and contractual liabilities.......................................................................................................	34
13.	Contingent liabilities / receivables - litigious disputes or disputes in arbitration............................................	35
14.	Subsequent events.......................................................................................................................................	36
DATA & INFORMATION FOR SEMIANNUAL PERIOD OF 2021 ...............................................................................	37

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 23rd Septem- ber 2021 and is disclosed in the web address of the Company www.anek.gr

The attached semiannual financial report has been translated from the Greek original version

ANEK LINES S.A

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

148 KARAMANLI AVE., 73100, CHANIA, CRETE TEL. : [phone], e-mail:[e-mail]

www.anek.gr

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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:

1. the semi-annual financial statements (separate and consolidated) for the period 1st January 2021 to 30th June 2021 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 23rd 2021

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 O N I N T E R I M F I N A N C I A L I N F O R M A T I O N

REVIEW REPORT BY INDEPENDENT CERTIFIED AUDITOR ACCOUNTANT

To the Board of Directors of ANEK S.A.

REVIEW REPORT ON INTERIM FINANCIAL INFORMATION

Introduction

We have reviewed the accompanying condensed separate and consolidated statement of financial position of ANEK S.A. (the "Company") as at 30 June 2021 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 Note (2) in the condensed interim financial information, which indicates that the working capital of the Company and the Group is negative respectively by € -268,0 million and € -261,7 million, the equity of the Company remains negative by € -21,8 million, while there are overdue liabilities towards credit institutions.

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R E V I E W R E P O R T O N I N T E R I M F I N A N C I A L I N F O R M A T I O N

The above events and conditions combined with the impact that the crisis of the Coronavirus pandemic (COVID-

1. still has on the Group's financial results, indicate that a material uncertainty exists that may cast significant doubt on the Company's and the Group's ability to continue as a going concern. The Note 2 in the condensed in- terim financial information indicates the measures taken or designed by management to ensure the smooth con-

tinuation of the Company's and the Group's operation. 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, 23 September 2021

The Certified Auditors Accountants

Emmanouil N. Diamantoulakis	Nikolaos E. Kollyris
Institute of CPA (SOEL) Reg. No. 13101	Institute of CPA (SOEL) Reg. No. 35591

	SOL S.A.
	Member of Crowe Global
Chartered Accountants Management Consultants
3, Fok. Negri Str., 112 57 Athens, Greece
56, Zefirou Str., 175 64 Palaio Faliro
Institute of CPA (SOEL) Reg. No. 127	Institute of CPA (SOEL) Reg. No. 125

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