Petrolina (Holdings) Public LTD

Interim / Quarterly Report • Nov 15, 2017

Petrolina (Holdings) Public Ltd

STATEMENT BY THE MEMBERS OF THE BOARD OF DIRECTORS AND THE OFFICERS OF THE COMPANY RESPONSIBLE FOR THE DRAFTING OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Pursuant to article 10, clauses 3(c) and (7) of the Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law of 2007 L.190(I)/2007 ("the Law"), we, the members of the Board of Directors and the Chief Financial Officer hereby declare that, to the best of our knowledge:

• (a) The condensed interim consolidated financial statements of Petrolina (Holdings) Public Ltd for the six months ended 30 June 2017 presented on pages 7 to 29:
• (i) were prepared in accordance with International Accounting Standard 34 "Interim Financial Reporting", as adopted by the European Union and the provisions of article 10, clause (4) of the Law, and
• (ii) give a true and fair view of the assets and liabilities, the financial situation and the profit or loss of Petrolina (Holdings) Public Ltd and the undertakings included in the consolidated financial statements as a whole, and
• (b) the interim management report provides a fair overview of the information required under article 10, clause (6) of the Law.

Members of the Board of Directors

Executive	Non-Executive
Kikis Lefkarites (signed)	Marios Lefkarites (signed)
Costakis Lefkarites (signed)	Christos Lefkarites (signed)
Dinos Lefkarites (signed)	Georgia Lefkariti Ioannou (signed)
Demetris Lefkarites (signed)	Antonis Hadjipavlou (signed)
	Costas Iacovou (signed)
	George Kalopetrides (signed)
CFO Dinos Savvides (signed)

Larnaca, 14 September 2017