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

29 July 2020

Arricano Real Estate Plc

(together with its subsidiaries "Arricano" or the "Group")

Update on Loan Facility

Further to its announcement on 18 June 2020, Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, is pleased to announce that on 29 July 2020 the Group entered into a new loan agreement with Raiffeisen Bank Aval to refinance two loans with the same bank granted in 2015 and in 2019.

The main terms of the loan agreement are as follows:  

* Loan facility amount: up to UAH 290 million;

* Repayment date: 31.12.2025.

* Interest rate: 13.25% 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