Vassilico Cement Works Public Company LTD

Major Shareholding Notification • Jul 4, 2016

ANNEX 2

NOTIFICATION BY THE ISSUER OF THE ACQUISITION OR DISPOSAL OF MAJOR HOLDINGS BY A SHAREHOLDER IN ACCORDANCE WITH SECTION 172

DATE OF TRANSFER:
01/07/2016 *
% VOTING RIGHTS AFTER THE DAY OF
TRANSFER
ITALMOBILIARE SPA
INDIRECT HOLDING THROUGH ITALMED CEMENT
COMPANY LTD AND COMPAGNIE FINANCIERE ET DE
PARTICIPATIONS SAS - 0%
HEIDELBERGCEMENT AG
INDIRECT HOLDING THROUGH ITALMED CEMENT
COMPANY LTD AND COMPAGNIE FINANCIFRE FT DE
PARTICIPATIONS SAS - 25,98%

* On 1/7/2016 HeidelbergCement AG acquired control over Italcementi S.p.A. (previously controlled by Italmobiliare SPA) which, in turn, indirectly holds 25,98% of the voting rights in Vassiliko Cement Works Public Company Ltd.

I declare that, to the best of my knowledge, all the aforementioned information is correct and true.

Cellaire

04/07/2016

Date

Note:

• This notification should be filed by the issuer with the Cyprus Stock Exchange and the Cyprus Securities and Exchange Commission, not later than the next trading day of the day preceding the following dates:
• (a) the day on which the issuer received the notification of section 171, or
• (b) the day on which the issuer entered into the shareholders' registry the relevant change or on which the issuer formally learned or should have learned of the change.