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Major Shareholding Notification • Feb 13, 2020

NOTIFICATION FORM

FOR MAJOR HOLDING

(Sections28, 30, 31 and 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: ΗΕ18726
2. Reason for the notification (please tick the appropriate box or boxes):
[√ ] 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:	SAVVAS NICOLAOU
City and (if applicable)	country of registered office NICOSIA, CYPRUS …………………………………………………………………………
	4. Full name of shareholder(s)(if different from the person in point 3):
	5. Date on which the threshold was crossed or reached:	12/02/2020
	6.Threshold which was crossed or reached:	30%
		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	14.81%			14.81%
Position of previous notification (if applicable)	35.15%		35.15%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedⁱ : EX GRATIA TRANSFER OF SHARES FROM FATHER TO SON

A: Voting rights attached to shares

Class/type of	Number of voting rights		% of voting rights
shares	Direct	Indirect	Direct	Indirect
(provide ISIN code if	(section 28	(section 30	(section 28	(section 30
possible)	of the Law)	of the Law)	of the Law)	of the Law)
ORDINARY	2,000,000	-	14.81%
SUBTOTAL A:	2,000,000		14.81%
(Direct and Indirect)

B.1: Financial Instruments according to section31(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 section31(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):

• [√] 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 issueror 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
……………………………	……………………	…………………………	…………………………
…………………………….	…………………….	…………………………	…………………………
…………………………….	…………………….	…………………………	…………………………
…………………………….	…………………….	…………………………	…………………………

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:

EX GRATIA TRANSFER OF SHARES FORM FATHER TO SON

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

(Signature): Signed

(Name): SAVVAS NICOLAOU (Place, Date) 13/02/2020 NICOSIA # NOTIFICATION FORM

FOR MAJOR HOLDING

(Sections28, 30, 31 and 31A of the Law)

NOTIFICATION OF MAJOR HOLDING

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

ΗΕ18726		1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
		2. Reason for the notification (please tick the appropriate box or boxes):
	[√ ] An acquisition or disposal of voting rights
	[ ] An acquisition or disposal of financial instruments
[ ]Other (please specify):	[ ]An event changing the breakdown of voting rights
	3. Details of person subject to the notification obligation:
Full name:	PAVLOS NICOLAOU
City and
country of registered office	NICOSIA, CYPRUS
(if applicable)		…………………………………………………………………………
		4. Full name of shareholder(s)(if different from the person in point 3):
	5. Date on which the threshold was crossed or reached:	12/02/2020
	6.Threshold which was crossed or reached:	24%
		7. Total positions of person(s) subject to the notification obligation:
		% of voting rights
	% of voting rights attached to shares	through financial instruments	Total % (8.A+8.B.1	Total number of voting rights of
	(total of 8.A)	(total of 8.B.1 +	+8.Β.2)	issuer
		8.B.2)
Resulting situation	28.34%			28.34%
on the date on
which threshold was crossed or
reached

Par. 4 Directive DI190-2007-01 of 2017 (R.A.D. 222/2017) FORM 190-01-01

Position of previous notification (if applicable)	8%	8%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedⁱ : EX GRATIA TRANSFER OF SHARES FROM FATHER TO SON

A: Voting rights attached to shares

Class/type of	Number of voting rights		% of voting rights
shares	Direct	Indirect	Direct	Indirect
(provide ISIN code if	(section 28	(section 30	(section 28	(section 30
possible)	of the Law)	of the Law)	of the Law)	of the Law)
ORDINARY	3,828,323	-	28.34%
SUBTOTAL A:	3,828,323		28.34%
(Direct and Indirect)

B.1: Financial Instruments according to section31(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 section31(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

Par. 4 Directive DI190-2007-01 of 2017 (R.A.D. 222/2017) FORM 190-01-01

SUBTOTAL B.2

9. Information in relation to the person subject to the notification obligation (please tick the applicable box):
[√ ] 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 issueror 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
……………………………	……………………	…………………………	…………………………
…………………………….	…………………….	…………………………	…………………………
…………………………….	…………………….	…………………………	…………………………

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:

EX GRATIA TRANSFER OF SHARES FORM FATHER TO SON

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

(Signature): Signed

(Name): PAVLOS NICOLAOU (Place, Date) 13/02/2020 NICOSIA