Logicom Public LTD

Declaration of Voting Results & Voting Rights Announcements • Apr 16, 2025

ANNOUNCEMENT OF THE RESULT OF THE TAKEOVER BID TO THE SHAREHOLDERS OF DEMETRA HOLDINGS PLC

Logicom Services Limited, a subsidiary of Logicom Public Limited ("Logicom Services", the "Offeror"), announces to investors, pursuant to the provisions of Article 38 of the Takeover Bids Law of 2007 to 2022 (the "Law"), that the process of acceptance of the mandatory takeover bid (the "Takeover Bid") for the acquisition of up to 100% of the issued share capital of Demetra Holdings Plc ("Demetra", the "Offeree Company"), which had been submitted on 17 January 2025, was completed on 14 April 2025.

On 17 January 2025, date of announcement of the mandatory takeover bid, the Offeror held directly 76,984.453 ordinary shares of Dimitra of a nominal value of €0.70 each representing 38.492% of the total issued share capital of Dimitra, and indirectly, together with the persons who are considered by law to be acting in concert with the Offeror, 76,985,841 shares representing 38.493% of the total issued share capital of Dimitra.

During the Takeover Bid period, i.e. from 05 March 2025 to 14 April 2025, the Offeror acquired 16.456 additional shares representing 0,008% of the Offeree Company at €1.55 per share, securing 38.500% of the issued share capital of Dimitra to the Offeror.

According to the Takeover Bid results, the total percentage of acceptance of the Takeover Bid reached 2.013%, as Acceptance and Transfer Forms were submitted for 4,025,128 shares of the Offeree Company.

The total percentage of acceptance, added to the 38.500% (77,000,909 shares) directly held by the Offeror at the expiry of the Takeover Bid on 14 April 2025, provides the Offeror with a total direct shareholding of 40.513% (81,026,037 shares) in the issued share capital of the Offeree Company.

Pursuant to the terms of the Takeover Bid and in accordance with the provisions of Article 10(1) of the Law, in view of the fact that the total percentage of acceptance added to the securities held directly and indirectly by the Offeror does not grant the Offeror more than 50% of the voting rights of the Offeree Company, the Takeover Bid is not successful and therefore the Offeror is not entitled to accept any percentage of the shares offered. It is also noted that the Offeror will not carry any voting rights for the shares acquired by the Offeror during the Period of Acceptance.

The Cyprus Investment and Securities Corporation Limited ("CISCO") has acted as financial advisor to the Offeror in the context and for the purposes of the Takeover Bid procedure, as well as Underwriter under RAA 96/2008 of the CSE as amended.

The Offeror wishes to thank shareholders of Demetra Holdings Plc for their response.