C.O. Cyprus Opportunity Energy Public Company LTD

Major Shareholding Notification • Jan 15, 2018

Annex 2 NOTIFICATION BY THE ISSUER OF THE ACQUISITION OR DISPOSAL OF MAJOR HOLDINGS BY THE SHAREHOLDER IN ACCORDANCE WITH SECTION 172

NAME OF ISSUING COMPANY: C.O. Cyprus Opportunity Energy Public Company Ltd		DATE OF TRANSFER: 15/12/2017
% OF VOTING RIGHTS PRIOR TO TRANSFER DATE		% OF VOTING RIGHTS IMMEDIATELY AFTER TRANSFER:
Stavros Stavrou (Director)	22,48%	Stavros Stavrou (Director)	16,86%
Prevention at Sea Ltd (controlled company)	5,62%	Prevention at Sea Ltd (controlled company)	5,62%
Total	28,10%	Total	22,48%

I hereby state that, to the best of my knowledge, all the above information is true and correct.

Rony Halman Chief Executive Officer C.O. Cyprus Opportunity Energy Public Company Limited 15/01/2018 Signature Date

Note: This statement must be notified by the issuing company to the Cyprus Stock Exchange and the Cyprus Securities and Exchange Commission no later than the working day following one of the following dates, whichever comes first:

• (a) the day on which it received the statement of Article 171, or
• (b) the day on which the relevant changes were entered in the company's share register or on which it became officially informed or owed to become officially informed of the changes in its shareholding structure.