Vassilico Cement Works Public Company LTD

AGM Information • May 12, 2017

TRUE TRANSLATION OF THE ORIGINAL NOTICE AND SPECIAL RESOLUTION IN GREEK

Notice of Extraordinary General Meeting

NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the shareholders of VASSILIKO CEMENT WORKS PUBLIC COMPANY LIMITED will be held at the AMATHUS BEACH HOTEL in Limassol, on Tuesday, 30 May 2017 at 5.45 p.m., or immediately after the end of the Annual General Meeting, for the purpose of considering and if thought fit passing the following Resolution as Special Resolution:

Special Resolution

(This Special Resolution is a translation of the original Resolution in Greek that will be proposed to the Extraordinary General Meeting.)

The Amendment of the Memorandum of Association of the Company with the replacement of subparagraph 3(ρ) with the following new subparagraph 3(ρ):

"To receive money via loan under the terms that the Company shall approve and to provide/grant guarantees, collaterals, assurances, indemnities for the benefit of any natural or other person, with or without legal entity, including mortgaging, pledging, assigning, committing or charging in any way, the movable and immovable property/assets of the business and of the uncalled share capital of the Company or part thereof, in order to secure any debt, liability, loans, performance of contracts or obligations of the Company and/or subsidiaries and/or associated companies and/or joint ventures and/or partnerships of the Company, as well as to provide, either alone or jointly or with other person/s, loans or credit facilities, with or without any collateral security, in a way that the Company shall deem fit, to subsidiaries and/or associated companies and/or joint ventures and/ or partnerships which the Company participates in."

Explanatory Note:

The proposed amendment of the Memorandum of Association of the Company sets out explicitly the right of the Company to provide guarantees and secure in various ways credit facilities provided to its subsidiaries and associate companies as well as to joint ventures and partnerships in which it participates and to grant credit facilities to the above persons.

The Special Resolution above is a true translation of the original text in Greek. Should any discrepancies or conflict arise as to the interpretation of the text of the Special Resolution, the Greek text shall prevail.

By order of the Board M. MAVRIDOU Secretary

27 April 2017