Cosmos Insurance Company Public LTD

Prospectus • May 17, 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF THAT JURISDICTION

17 May 2018

Announcement

SUBJECT: APPROVAL AND PUBLICATION OF SUPPLEMETARY PROSPECTUS TO THE PROSPECTUS DATED 30 MARCH 2018 IN RELATION TO THE INCREASE OF THE SHARE CAPITAL WITH THE ISSUANCE OF 23.124.240 PREEMPTION RIGHTS AND LISTING OF THE SAID PREEMPTION RIGHTS AND OF THE SHARES ARISING FROM THEIR EXERCISE, AS WELL AS FOR THE LISTING OF 5.139.240 NEW ORDINARY SHARES OF A NOMINAL VALUE OF €0.02 EACH ISSUED TO KYRIAKOS M. TYLLIS AND CO. LIMITED AGAINST THE TRANSFER OF IMMOVABLE PROPERTY OF €2.030.000 FOR TRADING ON THE CYPRUS STOCK EXCHANGE

Cosmos Insurance Company Public Limited (the "Company") announces that on 17 May 2018 the Cyprus Securities and Exchange Commission approved the Supplementary Prospectus to the Prospectus dated 30 March 2018 concerning the increase of its share capital with the issuance of 23.124.240 preemption rights and listing of the said preemption rights and of the shares arising from their exercise, as well as for the listing of 5.139.240 new ordinary shares of a nominal value of €0.02 each issued to Kyriakos M. Τyllis and Co. Limited against the transfer of immovable property of €2.030.000 for trading on the Cyprus Stock Exchange.

The Supplementary Prospectus should be read in conjunction with the Prospectus dated 30 March 2018.

It is noted that the preemption rights Exercise Period commenced on 4 May 2018 and will last until 23 May 2018. In addition, the New Shares that will result from the exercise of the preemption rights will be issued within 10 working days of the Last Exercise Day of the preemption rights. The Allotment Letters of the New Shares will be mailed to the shareholders within 10 working days of the Last Exercise Day of the pre-emption rights, i.e. on 7 June 2018.

The Supplementary Prospectus as approved by the Cyprus Securities and Exchange Commission will be available, free of charge during its period of validity:

• In electronic form, from 18 Μay 2018 on:
• the Company's website, http://www.cosmosinsurance.com.cy
• the website of the Cyprus Stock Exchange, http://www.cse.com.cy
• the website of the Cyprus Securities and Exchange Commission, http://www.cysec.gov.cy
• In printed form, from 21 Μay 2018 at:
• the Company's head offices (46, Griva Digeni Str., Cosmos Tower, 1080 Nicosia. Cyprus) and
• at the offices of the Underwriter Responsible for the drawing up of the Prospectus dated 30 March 2018, The Cyprus Investment and Securities Corporation Limited (CISCO) (154, Limassol Avenue, 2025 Strovolos, Nicosia, Cyprus or 66-68 Arch Makarios & Markos Drakos Str., 4003 Mesa Yeitonia, Limassol).

For any additional information, the shareholders may contact:

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

For and behalf of COSMOS INSURANCE COMPANY PUBLIC LIMITED

Adamos Konias Secretary