Mallouppas & Papacostas Public CO LTD

Notice of Dividend Amount • Apr 26, 2016

MALLOUPPAS & PAPACOSTAS GROUP

26 April 2016

Re: Approval of Final Results of the Group for the year 2015

The Board of Directors of Mallouppas & Papacostas Public Co Ltd met on Tuesday, 26 April 2016, at 11.00 a.m. and decided the following:

1. RESULTS

It approved the final results for the year ended 31 December 2015. The loss of the Group for 2015 stood at €3,822,137 compared to a loss of €580,660 in 2014.

Compared to the indicative results announced on 26 February 2016, the final loss for 2015 is increased by €1,211,860, as analysed here below:

	€
Loss as per the announcement	(2,610,268)
Increase in loss of fair value of investment property	(1,385,000)
Decrease in deferred taxation	173,131
Loss as per the financial statements	(3,822,137)

2. ANNUAL GENERAL MEETING

The Board of Directors set the date of the Annual General Meeting of the Company's shareholders on Tuesday, 7 June 2016, at 4.00 pm, at the Meeting Room 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 2015.

Please find attached the approved financial statements for your information. The approved financial statements will not be sent to the shareholders of the Company but will be available, free of charge, at the Company's central offices, 21 Academias Str., KEMA Building, 10th floor, 2107 Aglantzia, Nicosia, Monday – Friday from 8.00 a.m. until 3.00 p.m. and on the Company's website www.mppublic.com.

MPT Secretarial Services Ltd Secretary