Minerva Insurance Company Public LTD

Pre-Annual General Meeting Information • Apr 13, 2021

MINERVA INSURANCE

Notice of Annual General Meeting

You are hereby notified that the Annual General Meeting of MINERVA INSURANCE COMPANY PUBLIC LTD (the "Company"), will be held at the Company's registered office, 165 Athalassas Ave., Anna Maria Court, 2024 Strovolos, Nicosia, Cyprus, on Wednesday, 5 May 2021, at 11.00 a.m.

The Company is closely following developments regarding COVID-19. The Company will aim to hold the Annual General Meeting in the safest and most efficient possible way, in accordance with the provisions of the applicable legislation, regulations and directives regarding COVID-19 at the time of the Meeting.

Agenda:

• (1) Report of the Directors and of the Independent Auditors and submission and approval of the Company's audited financial statements for the year ended 31 December 2020. All of the above documents will be available at the Company's head offices and members entitled to request and receive them may, if they so wish, contact the Company's Shares Department.
• (2) Election of Directors in replacement of those retiring by rotation.
• (3) Determination of the remuneration of Directors.
• (4) Appointment of Independent Auditors and authorisation of the Board of Directors to determine their fees.
• (5) Any other matter that may, in accordance with the Company's regulations, be put to the Annual General Meeting.

Notes:

• 1. Every person whose name appears in the Company's Register of Members as at 29 April 2021 (the Record Date) shall have the right to participate and vote at the Extraordinary General Meeting. Any change or entry in the Register of Members after the Record Date shall not be taken into consideration in determining the right of any person to attend and vote at the Extraordinary General Meeting.
• 1. Any shareholder who is entitled to attend and vote at the above Extraordinary General Meeting is entitled to appoint a proxy, who may not be a shareholder, to attend and vote on his behalf. Due to the Easter holidays, the instrument appointing the proxy must be submitted to the Company's Registered Office, 165 Athalassas Ave., 2024 Strovolos, P.O.Box 23554, 1684 Nicosia, by 29th

April 2021 at 12.00 p.m. If not submitted as above, the instrument shall be considered void and shall not be recognised.

• 1. In case the shareholder is a legal person (e.g. a company), the instrument of proxy must bear the common seal of the legal person and the signature of an authorised person.
• 1. In the case of several joint shareholders, an instrument of proxy may be given only by the shareholder whose name first appears in the Register of Members.

By order of the Board of Directors

Takis Antoniou Secretary

Nicosia, 7 April 2021

INSTRUMENT OF PROXY

To MINERVA INSURANCE PUBLIC COMPANY LTD REGISTER NO. 165 Athalassas Ave., 2024 Strovolos OF SHAREHOLDER: P.O.Box 23554, 1684 Nicosia Tel.: 22551616, fax: 22551717

I/We ……………………………………… Of ……………………… shareholder(s) of the aforesaid Company, hereby appoint Mr./Ms ………………………………………. with ID Card No …………………… or failing him/her, Mr./Ms ……………………… with ID Card No …………. as my/our Proxy to attend and vote for me/us and on my/our behalf at the Annual General Meeting of 5th May 2021 and at any adjournment thereof.

SIGNATURE DATE

MINERVA INSURANCE

7 April 2021

Dear Shareholder,

Re: ANNUAL REPORT OF MINERVA INSURANCE COMPANY PUBLIC LTD

Further to the amendment of the Companies Law, Cap. 113, and in accordance therewith, our Company no longer has an obligation to send the Annual Report containing the Financial Statements, the Directors' Report and the Auditors' Report, by post.

Copies of the Annual Report will be available, free of charge, upon request made either electronically or by letter to the Company's Head Offices:

Minerva Insurance Company Public Ltd (Shares Department) 165 Athalassas Ave., 2024 Strovolos P.O.Box 23554, 1684 Nicosia, Cyprus (tel.: +357 22551616 or email: minerva@minervacy.com)

Moreover, further to a relevant announcement, the Annual Report is posted on the website of the Cyprus Stock Exchange, www.cse.com, as well as on the Company's website, www.minervacy.com.

You may use the form below to inform us whether you would like to receive the Company's Annual Report electronically.

I hereby declare that I wish to receive the Annual Report in electronic form, at the following email address:

Email: Full name of shareholder: Investor's share account: ID / Passport No.:

Signature

Please return this form to: Minerva Insurance Company Public Ltd (Shares Department) 165 Athalassas Ave., 2024 Strovolos P.O.Box 23554, 1684 Nicosia, Cyprus or to fax No. +357 22516098 or by email to minerva@minervacy.com

Takis Antoniou (Secretary)