PLEASE CLICK HERE TO READ THIS REVIEW

Q2 delivers another quarter of growth and business progress

ATHENS, Greece – September 12, 2018 – OPAP S.A. (OPAr.AT, OPAP:GA), the leading gaming operator in
Greece, announces its consolidated financial results for the six month period ended June 30th, 2018, prepared in
accordance with International Financial Reporting Standards (IFRS).

Revenues (GGR) increased by 7.1% at €737.5m in H1 2018 (H1 2017: €688.5m). GGR in Q2 2018
posted a notable increase of 9.3% at €360.2m (Q2 2017: €329.6m), increasing Q1 revenue run rate
by 4.2p.p. mainly due to increased VLTs and betting contribution.

 Gross Profit (from gaming operations) increased by 6.9% in H1 2018 at €288.1m (H1 2017: €269.5m).
Q2 2018 gross profit (from gaming operations) stood at €140.1m (Q2 2017: 128.4m) higher by 9.1%
y-o-y.

 EBITDA in H1 2018 increased 20.5% to €157.4m (H1 2017: €130.7m) or +10.3% on LFL basis, while
Q2 2018 EBITDA came in at €70.2m (Q2 2017: €52.2m), up 34.6% or 9.2% on LFL basis.

 H1 2018 Net Profit at €66.1m (H1 2017: €49.7m) higher by 32.9% & Q2 2018 net profit at €26.2m (Q2
2017: €16.5m) higher by 58.8% y-o-y.

 Strong financial position, with Net Debt at €471.6m, and Net Debt/EBITDA ratio of 1.4 times.

 13,775 VLTs and 3,886 SSBTs installed at end of H1.

 Successful & timely delivery of the major technology transformation project

 OPAP awarded by World Lotteries Association with Responsible Gaming Level 4 (highest)

 2018 Interim DPS at €0.10.