Constantinou Bros Hotels Public Company LTD

Earnings Release • Dec 15, 2020

December 15^th, 2020

To: The Cyprus Stock Exchange, Director General-CEO Nicosia

Subject: Pre-announcement of Profit for the financial year 2020

The Board of Directors of our company, having examined the company's financial results for the eleven months up to November 30, 2019 and according to the rules and regulations of the CSE and CMC and in order to inform as much as possible the shareholders and the investors in general, announces that according to the available financial data and based on our forecasts for the last month of the year, concluded that the results for the full year 2020 will be loss compared to the financial results of the corresponding period of the year 2019.

The Secretary, A. Anastassiou

Copy to: The Capital Market Committee