Keo PLC — Governance Information 2016

Mar 4, 2016

ANNOUNCEMENT

The Board of Directors of KEO plc announces that it has resolved to the formation of a Nominations Committee and a Remuneration Committee in accordance with the provisions of the Code of Corporate Governance.

The Nominations Committee comprises of:

• Artemis Iacovou Chairperson
• Christos Mavrellis Member
• $\bullet$ Ioannis Charilaou Member
• Christakis Papachristodoulou Member

The Remuneration Committee comprises of:

• Christos Mavrellis Chairperson
• Ioannis Charilaou Member $\bullet$
• Christakis Papachristodoulou Member

It is noted that the Company is listed in the Alternative Market of the Cyprus Stock Exchange and in accordance with the currently applicable legislation the formation of these committees is not mandatory. Until today the duties of these committees were exercised directly by the Board of Directors as this is explained in the report of the Board of Directors on Corporate Governance for the year 2014.

4 March 2016