Minerva Insurance Company Public LTD

Pre-Annual General Meeting Information • May 30, 2017

Nicosia, 30 May 2017

Re: Invitation to Annual General Meeting posted

We wish to inform you that the invitations to the Annual General Meeting of the Company's shareholders, to be held at HILTON Hotel, Nicosia, on Wednesday 21 June 2017, at 6.00 pm, with the following agenda, have been posted to the Company's shareholders:

• (1) Report of the Directors and of the Independent Auditors and submission and approval of the Company's audited financial statements for the year ended 31 December 2016. All of the above documents will be available at the Company's head offices and members entitled to request and receive them may, if they so wish, contact the Company's Shares Department.
• (2) Election of Directors in replacement of those retiring by rotation.
• (3) Determination of the remuneration of Directors.
• (4) Re-appointment of Independent Auditors KPMG Limited and authorisation of the Board of Directors to determine their fees.
• (5) Any other matter that may, in accordance with the Company's regulations, be put to the Annual General Meeting.

In accordance with the Companies Law, Cap. 113, shareholders may obtain the Annual Report of 2016, as notified, in electronic form through the website of the Cyprus Stock Exchange, www.cse.com.cy and in print form from our Company's head offices (165 Athalassa Ave., 2024 Strovolos, Nicosia).

The Annual Report will also be available in print form during the Company's General Meeting.

Takis Antoniou Secretary