A.J. Green Shell Plc

Business and Financial Review • Dec 6, 2023

A.J. GREEN SHELL PLC (ex. PlanetClean Recycling Industries Plc / ex. Rofolio Holdings Public Company Ltd) 15 Agion Omologiton, Nicosia 1080 Cyprus Tel. 22452600, Fax. 22452611

06/12/2023

Cyprus Stock Exchange 71-73 Lordou Vironos Avenue, 1096 Nicosia

Dear Sirs

ANNOUNCEMENT

Subject: Implementation of the Business Plan of the company A.J. Green Shell Plc (previously PlanetClean Recycling Industries Plc)

The Board of Directors of the company A.J. Green Shell Plc (the "Company") would like to inform the Cyprus Stock Exchange and the investors the following:

The business plan and the projected investments of the Company as described in the admission document of the Company published on October 2017 are implemented. Also, the construction of the new factory for recycling plastics as mentioned in the previous implementation of the business plan has been completed and the factory is fully operational. The Company is planning to merge with a plastic recycling company based in United Arab Emirates within the next few weeks through a reverse takeover transaction. With the abovementioned merge, the Company will be operational and profitable. Recycling plastic is an environmentally friendly business and appreciated across the world specially in Europe.

The Company on January 16, 2023, changed the nominal value of its shares from 7.00 euro to 35.00 euro per share. The Company's Board of Directors has also changed. On September 18 2023, Mr. Irfan Siddiqui and Mr. Chan Zaib resigned as directors of the Company and were replaced by Ms. Maria Polyviou and Ms. Dionisia Menicou. Also, on October 200 2023, Mr. Odysseas Odysseos was appointed as executive director of the Company.

Furthermore, the business objectives of the Company which are the purchase and reselling of older stock properties remains the same.

The Board of the Directors, after taking into consideration the current progress of the Company and having carefully reviewed the prospects and data at present, will try to proceed with the implementation of the business plan of the Company based on the conditions of the global situation.

Reclards Secretary For and on behalf of the Board of Directors