Claridge Public LTD — Capital/Financing Update 2018

Jul 10, 2018

Claridge Public Limited

Office of the Secretary 10, George Gennadiou Street, Agathangelos Court office 303, P.O. Box 50012, 3600 Limassol Tel.: 25871600, Fax: 25362001 info@pkdlaw.com

ANNOUNCEMENT

The board of directors of Claridge Public Ltd, at its today meeting decided the following:

• 1. To propose the reduction of the nominal value of the Company's share from €0,12 to €0,05. The amount of €7.751.406,50 which will result from the said reduction of the nominal value of the Company's shares will be used for the write off of equal accumulated losses of the Company.
• 1. To cease applying the Corporate Governance Code following the decrease of the Company's activities.
• 1. To summon an Extraordinary General Meeting of the shareholders of the Company on 23/08/2018, Thursday, at 3:00 p.m., at Amathus Beach Hotel in Limassol to which the relevant resolutions which relate to the previous paragraphs' decisions will be proposed for approval.

Limassol, 10 July 2018