Constantinou Bros Hotels Public Company LTD

Earnings Release • Jun 11, 2021

June 11th, 2021

To: Chairman of CSE Nicosia

Subject: Interim Profits Forewarning for the first half of 2021

The Board of Directors of Constantinou Bros Hotels Public Company Ltd, after having examined the financial results for the first six months of 2021 and according to the Rules and Regulations of the CSE and CMC and in order to fully inform as much as possible the shareholders and the investing public, announces that according to the so far available economic data, the results for the first half of 2021 are expected to be lower than those of the year 2020.

The Board of Directors and the Management taking into account the general political and economic instability in Cyprus consider that no safe forecast of the expected results for the year 2021 can be made, but it is expected that the occupancy of the hotels will fluctuate a little better than those of the year 2020.

The Secretary astasiou

Copy to: The Capital Market Committee