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

27 February 2020

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Directorate Change

Arricano is pleased to announce yesterday's appointment of George Komodromos as a non-executive Director of the Company with immediate effect.

Based in Limassol, Cyprus, George Komodromos is a senior lawyer and head of financial regulation at Nicos Chr. Anastasiades & Partners. As an experienced commercial lawyer George specialises in corporate law. He graduated from the University of Athens and completed a Master of Laws in Commercial Law at Bristol University (UK).

Ganna Chubotina, CEO of Arricano, said "We know George well and we are delighted he has agreed to join Arricano. We look forward to working closely with him in the future."

George Komodromos, aged 36, is currently a director of Finstream (Cyprus) Limited and Wimpy Investments Limited.

There are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules. 

George Komodromos does not hold any ordinary shares in the Company.

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