Harvest Capital Management Public LTD

Business and Financial Review • Nov 18, 2016

ANNOUNCEMENT

Interim Management Statement for the period from 01/07/2016 as at 17/11/2016.

At the meeting held on Nov 17, 2016, the Board of Directors of HARVEST CAPITAL MANAGEMENT PUBLIC LTD, examined and approved the Interim Management Statement.

The Company showed loss. Its assets as at September 30, 2016 stood at €1.295.819 while its portfolio in titles stood at €72.878.

The net asset value per share as at September 30, 2016 stood at €0,0620 compared to €0,0617 as at June 30, 2016. According to its net asset value, there was a positive yield in the Company.

There were no other revenues, profits or losses from non-recurrent activities except for the main activities of the Company.

The condition of the Cyprus economy is characterized by continued weakness. The recession in Cyprus deepens and all indices shrink. The condition of the Cyprus economy, due to the ongoing recession, is characterized by stagnation and lack of dynamic. The result is that almost all indices have shrunk. The prospects are not favorable and we expect low growth rates for the next years. This is expected to have negative impact on the Cyprus capital market and the Company's results.

There are no other significant developments or deals affecting the Company's financial condition.

Anteva Secretarial Services Ltd Secretary.

18/11/2016

Cc: Cyprus Securities and Exchange Commission.