Mallouppas & Papacostas Public CO LTD

Earnings Release • Jul 27, 2021

MALLOUPPAS & PAPACOSTAS GROUP

27 July 2021

Re: Approval of Final Results of the Group for the year 2020

The Board of Directors of Mallouppas & Papacostas Public Co Ltd met on Tuesday, 27 July 2021 at 11.30 a.m. and decided the following:

1. RESULTS

It approved the final results for the year ended 31 December 2020. The profit of the Group for 2020 stood at €748,788 compared to a profit of €1,178,960 in 2019.

2. ANNUAL GENERAL MEETING

The Board of Directors set the date of the Annual General Meeting of the Company's shareholders on Thursday, 9 September 2021, at 11.00 a.m., at the Conference Hall of KEMA Building, 21 Academias Ave., 2107 Aglantzia.

3. DIVIDEND

The Company's Board of Directors decided not to propose to the Annual General Meeting the payment of dividend for the year ended 31 December 2020.

The approved financial statements are attached hereto for your information. The approved financial statements will not be sent to the Company's shareholders, but will be available, free of charge, at the Company's central offices, 21 Academias Ave., KEMA Building, 10th floor, 2107 Aglantzia, Nicosia, Monday – Friday from 8.00 a.m. until 2.00 p.m.

MPT Secretarial Services Ltd Secretary