This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

21 February 2020

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Further disbursement

Arricano first announced a new loan facility ("Facility") for its wholly owned subsidiary Comfort Market Luks LLC, which operates the Kyiv Prospekt Shopping and Entertainment Complex, with Public Joint Stock Company "State Savings Bank of Ukraine" on 26 July 2019.

Arricano is pleased to announce today that, having satisfied the conditions precedent, it yesterday drew down a further USD2.500 million of the remaining USD12.192 million available under the Facility. Further drawdowns under the facility, unless price sensitive, will be aggregated and reported on in the Company's annual and interim reports.

This drawdown will be utilised to finance ongoing construction of the Lukianivka Shopping and Entertainment Center in Kyiv.

Enquiries:

Arricano Real Estate plc                Tel: +38 044 594 9471

Ganna Chubotina

Nominated Adviser and Broker:  Tel: +44 (0)20 7220 1666

WH Ireland Limited

Chris Fielding

Financial PR:                                   Tel: +44 (0)20 3151 7008

Novella Communications Limited

Tim Robertson/ Fergus Young