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METLEN's Strategic Transformation: The Third Era - Progress in Motion

On November 12, 2025, METLEN announced the kickoff of its third strategic transformation at a press conference held in Athens and London. Dubbed “The Third Era – Progress in Motion,” this initiative signals a significant leap forward for the company, aligning with its medium-term goal of doubling its size as highlighted during its Capital Markets Day in April this year.

This move builds upon successful transformations that occurred in 2017 and 2022, leveraging the company's robust financial standing and clear strategic vision. Key changes in leadership and organizational structure are at the forefront of this transformation, aimed at enhancing METLEN's operational capacity and governance.

Leadership Changes

The strategic overhaul involves several pivotal appointments:

• - Evangelos Mytilineos assumes the role of Executive Chairman of the Group.
• - Christos Gavalas is appointed Group Chief Executive Officer.
• - Fotini Ioannou, noted for her financial expertise, takes on the role of Group Chief Financial Officer.
• - Loukas Ziomas is appointed Chief of Staff, playing a crucial role in integrating the efforts of the executive team.

Under this new structure, the energy sector will be divided into two main pillars:
1. Renewable Energy and Energy Transition Platform, which will be steered by CEO Nikos Papapetrou.
2. Integrated Energy Services, managed by Giannis Giannakopoulos, who will oversee the integrated utility services and Panagiotis Kanellopoulos, head of international energy trading and supply.

The Metals segment will continue under the leadership of Dimitris Stefanidis, focusing on the integrated aluminum value chain and circular economy strategies.

Continuing Priorities

In addition to these changes, METLEN’s infrastructure and concessions will remain a strategic priority, guided by current leaders such as Evangelos Chrysafis and Dinos Benroubi, who aim to enhance the company's concession-based projects.

Strengthening the executive team is also part of the transformation. New roles have been allocated, including:

• - Elenos Karaindros as Director of Strategy, overseeing mergers and acquisitions.
• - Sara Fideli as Human Resources Director.
• - Vivian Bouzali for Corporate Affairs and Communication.
• - Petros Selekos serving as a Legal Advisor.

Newly added to the executive team is Dimitris Papadopoulos, who will act as Senior Executive Advisor focusing on the duties of the Executive Chairman and Board.

Vision for the Future

Evangelos Mytilineos stated, “Today marks the beginning of a new chapter as we embark on our third transformation, the Third Era. My role as Executive Chairman will involve strategically steering our commitments outlined in our medium-term business plan, focusing on both organic and inorganic growth alongside our new CEO Christos Gavalas.”

This restructured organization is designed to ensure long-term value creation for METLEN, with an emphasis on evolving into a more efficient and aligned corporate governance model.

About METLEN

METLEN Energy & Metals PLC stands as a prominent multinational industrial and energy leader, with a steadfast commitment to sustainability and circular economy practices. It is primarily listed on the London Stock Exchange, with a secondary listing in Athens, boasting consolidated revenues of €5.68 billion and an EBITDA of €1.08 billion in 2024. Notably, METLEN operates the EU’s only vertically integrated plant for bauxite, alumina, and primary aluminum production, proudly maintaining private port facilities. The firm also excels in providing comprehensive solutions across thermal and renewable energy projects, including electricity distribution, marketing, and investments in green technologies and infrastructure.

With operations spanning over 40 countries across five continents, METLEN adheres to a synergistic operational model that intersects its metallurgical and energy sectors, thereby enabling holistic energy infrastructure projects from inception to execution.

For more information, visit www.metlengroup.com.