Kerverus Holding IT (Cyprus) Plc

Share Issue/Capital Change • Jun 23, 2014

ANNOUNCEMENT ON CAPITAL INCREASE

As part of the implementation of the decision of the General Meeting of 23 April 2014, regarding the conduct of the share capital increase through a private placement of up to 2.42 million, which had a deadline of 20 June 2014, the Company's Management announces the following:

1. The Company decided to increase the issued capital by 1,100,000 shares with a nominal value of 1 €.

2. The new shares decided not to allocate at this stage to new investors, as there are constant developments in the Group's leading product, the MiiPharos and even internationally.

3. These shares will be distributed in due course in strategic investors, based on the strategic interests of the Group.

4. The Board remains exclusively authorized by the General Assembly in order to complete the required actions.

5. Management Company will inform investors on the disposal of any part of the above shares, at the time that will be made.

For the Company, The Secretary of the Company Mike Flett