10 July 2018

Arricano Real Estate plc

("Arricano" or the "Company")

New relationship agreement

Further to its announcement on 30 November 2018, Arricano yesterday entered into a new relationship agreement with its principal shareholder, Retail Real Estate OU ("RRE"). RRE, which owns 55.04% of the issued voting rights of the Company, is wholly owned by Hillar Teder. 

Under the new relationship agreement with Mr Teder, RRE and WH Ireland Limited, Arricano's nominated adviser, (the "Agreement"), Mr Teder and RRE are now entitled to utilise the voting rights attaching to their 56,835,940 ordinary shares of the Company. However, they have agreed, inter alia, to procure that Arricano is capable at all times of carrying on business independently of Mr Teder and RRE and that any agreements between the Arricano Group and Mr Teder or RRE will be subject to the approval of directors of the Company independent of Mr Teder and RRE.

For further information, please contact:

  CEO:                                              Tel: +380 44 569 6708

   Arricano Real Estate plc

   Mykhailo Merkulov

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

  Novella Communications Limited

  Tim Robertson

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

  WH Ireland Limited

  Chris Fielding