Blue Island PLC

Legal Proceedings Report • Jan 12, 2015

Το: Mr. Nondas Cl. Metaxas, Director General of Cyprus Stock Exchange, Nicosia

12th January 2015

Dear Mr. Metaxas,

ANNOUNCEMENT

BLUE – Losses due to severe weather conditions 3-6 January 2015

Blue Island Plc, pursuant to the CSE and SEC Regulations and in order to fully inform the shareholders and the investing public in general, announces that during the severe weather conditions that affected Cyprus between 3-6 January 2015, the company suffered damages at the fish farm.

The damages are expected to influence the economic results of the company for 2014 but will not affect significantly the operation of the company. As soon as there is a better assessment, the company will come back with a new announcement.

Yours Sincerely,

……………………………… Yiannos Economides Secretary

Copy: Cyprus Securities and Exchange Commission