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

18 August 2020

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Amendment to the loan agreement

Arricano is pleased to announce that yesterday it agreed the following reduction in interest rate from 10.75% to 9.75% per annum on the USD12.0 million loan agreement with Tascombank JSC repayable in June 2024.

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