C.O. Cyprus Opportunity Energy Public Company LTD

Pre-Annual General Meeting Information • May 27, 2020

27 May 2020

Cyprus Stock Exchange Nicosia

ANNOUNCEMENT

Re: Postponement of the Extraordinary General Meeting

C.O. CYPRUS OPPORTUNITY ENERGY PUBLIC COMPANY LIMITED (the "Company") would like to inform the investing public that the Annual General Meeting of the shareholders of the Company (the "AGM") which was scheduled to be held today, the 27 th of May 2020 at 12:00 Cyprus time, at the Company's offices at 13 Karaiskakis Street, 50132, Limassol, Cyprus, has been postponed as a quorum was not met.

Pursuant to Articles of Association of the Company, the EGM will be held on Wednesday, 3 rd of June 2020 at 12:00 Cyprus time, at the Company's offices at 13 Karaiskakis Street, 50132, Limassol, Cyprus. Attendance is also possible via phone number 0035725800570, ID no. 1131. If by 12:30 Cyprus time at least two shareholders, holding 50% plus one share or more, are not present in person or by proxy, the shareholders present shall be a quorum.

Kind regards,

Rony Halman Chairman of C.O. CYPRUS OPPORTUNITY ENERGY PUBLIC COMPANY LIMITED