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

21 July 2020

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Update on Loan Facilities

Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, is pleased to announce the following update relating to its current loan facility with the State Savings Bank of Ukraine.

LLC Comfort Market Luks, a subsidiary of the Company, which owns and operates the Kyiv Shopping Center "Prospekt" has now entered into an amendment to the current loan agreement with State Savings Bank of Ukraine to decrease the interest rate from 10.5% to 8.5% per annum.

Enquiries:

Arricano Real Estate plc                                Tel: +357 25 582 535

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