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Investor Presentaiton

Partnership with Nexi offers significant benefits based on terms and structure nexi Project Prometheus Strategic partnership in merchant acquiring business Description MoU Signed • MOU signed on 3 August 2021 between Alpha Bank and Nexi S.p.A. to form long-term partnership Key transaction terms (on 100% basis) Value Item Strategic partnership approach used for transaction structure 2 Valuation Strategic partnership with EU payments leader offers unique proposition with high growth prospects in rapidly evolving Greek market 3 Earnouts Amounts (in € mn) Comments Up to 60 Nexi to acquire 51% | Alpha Bank to retain 49% Expectation of significant growth and profitability in the payments space, allowing Alpha Bank to retain upside potential Multiple for the existing business at the higher end of current trading multiples capturing future performance Alpha Bank to see capital gain and retained stake revaluation Cash consideration for stake sold received at closing Significant upside potential based on business plan achievement and actual profitability 307 Additional payments to Alpha Bank within 4 years from Closing Structure ensures optionality for further business development Total price for business Up to 367 and growth in earnings stream Status Final contractual arrangements under negotiation between parties 4 Referral Agreement c.200 Locking in of material future fee income flow of c.€7-8m per annum (on average) on top of transaction economics Rebate paid to Alpha Bank, calculated as % of net revenues (for duration of partnership) Impact Positive P&L impact and ~60bps CAD accretion Total value to the Bank c.570 Timing Final agreement expected in Q4 2021 6 ALPHA SERVICES AND HOLDINGS
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