Karyes Investment Public Company LTD

Major Shareholding Notification • Apr 2, 2021

NOTIFICATION FORM

FOR MAJOR HOLDING

(Sections 28, 30, 31 και 31A of the Law)

NOTIFICATION OF MAJOR HOLDING

(to be sent to the relevant issuer and to the Cyprus Securities and Exchange Commission)

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: KARYES INVESTMENT PUBLIC COMPANY LTD

2. Reason for the notification (please tick the appropriate box or boxes):

[X] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify):

3. Details of person subject to the notification obligation:

Full name: 7Q Financial Services Ltd – Omnibus Account City and country of registered office: 12-14, Kennedy Avenue, Kennedy Business Center, 4th Floor, Office 402, 1087 Nicosia, Cyprus (if applicable)

4. Full name of shareholder(s) (if different from the person in point 3):

• Fin Invest Company Ltd: 5,459,000 (24.81%)

• Covotsos Textiles Ltd: 2,110,467 (9.59%)

• Bulgarian Share Investment Ltd: 1,020,000 (4.64%)

5. Date on which the threshold was crossed or reached: 31/03/2021

6. Threshold which was crossed or reached: 5.00%

7. Total positions of person(s) subject to the notification obligation:

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B.1 + 8.B.2)	Total % (8.A+8.B.1 +8.Β.2)	Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	39.10%			8,601,467
Position of previous notification (if applicable)	0.00%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Voting rights attached to shares

Class/type of	Number of voting rights		% of voting rights
shares	Direct	Indirect		Indirect
(provide ISIN code	(section 28	(section 30	(section 28	(section 30
if possible)	of the Law)	of the Law)	of the Law)	of the Law)
CY0006240218	8,601,467.00		39.10%
SUBTOTAL A:	8,601,467.00		39.10%
(Direct and Indirect)

B.1: Financial Instruments according to section 31(1)(a) of the Law
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted	% of voting rights
		SUBTOTAL B.1

B.2: Financial Instruments with similar economic effect according to section 31(1)(b) of the Law
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Physical or cash settlement	Number of voting rights	% of voting rights
			SUBTOTAL B.2

9. Information in relation to the person subject to the notification obligation (please tick the applicable box):

• [X] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the issuer or the underlying issuer.
• [ ] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

	Name	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
7Q Financial Services Ltd – Omnibus Account		39.10%	…………………………	39.10%
…………………………….		…………………….	…………………………	…………………………
…………………………….		…………………….	…………………………	…………………………
…………………………….		…………………….	…………………………	…………………………

10. In case of proxy voting: I ......................................................................................................................................................................... [name of the proxy holder] will cease to hold ………………………………………………………………………….[number and percentage(%)] voting rights as of ……………………………………………. [date].

11. Additional information:

Information on the acquisition of major holding exceeding the threshold of five per cent (5%)

I declare that, to my knowledge, all of the above information is accurate and true.

(Name): Andreas Hadjikyrou (7Q Financial Services Ltd – Omnibus Account)

(Signature): (sgd)

(Place, Date) Nicosia, 31/03/2021