Blue Island PLC

Regulatory Filings • Mar 14, 2022

To: Mr. Nicos Trypatsas, Acting General Cyprus Stock Nicosia

14th March 2022

Dear Mr. Trypatsas,

NNOUNGEMENT

Blue lsland Plc, pursuant to inform the shareholders and CSE and SEC Regulations and in order to fully investing public in general, wishes to inform that it does not expect any direct not have any transactions egative consequences, since the company does Russian or Ukraine companies.

The company however, has production costs, increased exports. been affected negatively from the increased ht and other costs that affect both imports and

Due to the uncertainty rega the outcome and duration of the crisis and the war, the Company's is not currently in a position to measure the magnitude of the potential consequences for the current year.

The Company is monitori the developments and is taking all necessary measures based on the of the economic consequences. Should any substantial changes arise informed accordingly. any risks and uncertainties, the investors will be

Secretary

Copv: Cyprus Securities Exchange Commission

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