Lanitis Golf Public Co Ltd — AGM Information 2016

Jul 7, 2016

21, Arch. Kyprianou Street 3036 Limassol – Cyprus P.O.Box 50336, 3603 Limassol – Cyprus

Tel.: +357 25820920 Fax: +357 25341361

ANNOUNCEMENT

The annual general meeting of Lanitis Golf Public Co. Limited ("the Company") was held on 07/07/2016 at Limassol.

At the said annual general meeting the shareholders present or represented, were representing more than 99% of the issued share capital of the Company.

During the annual general meeting of the Company the following decisions were taken unanimously:

• 1. The audited financial statements of the Company for the financial year 2015 were approved.
• 1. The report of the directors to the shareholders for the financial year 2015 was approved.
• 1. The re-election of the retiring member of the board of directors, Mr. Costas E. Lanitis was approved (the relevant notice is attached).
• 1. That the directors shall receive no remuneration until the operation of the Company in full scale.
• 1. The re-election of the auditors of the Company Messrs. Deloitte Limited for the year 2016, at a fee to be fixed later by the board of directors was decided.

Limassol, 7 th July 2016