Cosmos Insurance Company Public LTD

Declaration of Voting Results & Voting Rights Announcements • May 30, 2018

Cosmos Insurance

30 May 2018

ANNOUNCEMENT

RE: COMPLETION OF PREEMPTION RIGHTS EXERCISE PROCEDURE AND RESULTS REGARDING COVERAGE OF ISSUANCE OF PREEMPTION RIGHTS BY THEIR HOLDERS DURING THE EXERCISE PERIOD

In order to better inform its shareholders and investors in general, Cosmos Insurance Public Company Limited (the "Company") announces that the Preemption Rights exercise period was completed on 23 May 2018 in accordance with the appropriate relevant procedure.

According to the final results, 10.65 million Preemption Rights were exercised by their holders which have been registered for approximately 18.1 million shares of a nominal value of €0.02 each, representing a coverage percentage of approximately 46% including the participation of the company Kyriakos M. Tyllis and Co. Limited and Mr. Andreas Tyllis ("Main Shareholders"). The total funds raised by the Company are estimated to approximately €905 thousand, of which the amount of €900 thousand had already been transferred by the Main Shareholders to the Company during 2017 for purposes of recapitalization of the Company for its compliance with the European institutional framework «Solvency II».

Pursuant to clause 6 (Part 6/2.3) of the Company's Prospectus dated 30 March 2018 ("Prospectus"), the Company may within 10 working days from the expiry of the Exercise Period (i.e. until 7 June 2018) to proceed with disposing all or part of the shares corresponding to Preemption Rights not exercised by the Preemption Rights Beneficiaries and Holders during the Exercise Period ("Undisposed Shares"). Therefore, the Board of Directors may, at its discretion, dispose of any Undisposed Shares at the same price or at a price higher than the Disposal Price (i.e. €0.05 per share as set out in the Prospectus).

The relevant letters for the granting of new shares, which have resulted in the context of the exercise procedure (the "New Shares"), will be sent to the shareholders on 7 June 2018.

The date of listing and commencement of trading of the New Shares on the Cyprus Stock Exchange ("CSE") will be announced in due time and once all necessary approvals by the CSE are obtained.

For more information, shareholders may contact:

• The Company's Head Offices (46, Griva Digenis Str., Cosmos Tower, 1080 Nicosia. Cyprus), tel: + 357 22 796000, and
• The offices of the Person Responsible for the Drawing up of the Prospectus dated 30 March 2018 - the Cyprus Investment and Securities Corporation Limited (CISCO) - (154, Limassol Avenus, 2025 Strovolos, Nicosia, Cyprus or 66-68 Arch Makarios & Markos Drakos Str., 4003 Mesa Yeitonia, Limassol), tel: +357 22 121700.

For COSMOS INSURANCE PUBLIC COMPANY LIMITED Adamos Konias Secretary