Vassilico Cement Works Public Company LTD

Proxy Solicitation & Information Statement • May 7, 2019

Registered Office: 1A, Kyriakos Matsis Avenue 1082 Nicosia, Cyprus

Correspondence Address: P.O. Box 22281, 1519 Nicosia, Cyprus info@vassiliko.com, investors@vassiliko.com www.vassiliko.com

Instrument of Proxy

I/We
from	Identity Card No
being Member/s of VASSILIKO CEMENT WORKS PUBLIC COMPANY LIMITED, hereby appoint
Mr/Ms	from
or, failing him/her, Mr/Ms	from
	as my/our proxy to attend and vote for me/us and on my/our behalf at the 53rd Annual General Meeting of the shareholders of Vassiliko Cement

Works Public Company Ltd to be held at the PARKLANE RESORT & SPA, in Limassol, on Thursday 30th May 2019 and at any adjournment thereof as hereunder indicated in respect of the Resolutions set out in the Notice of Annual General Meeting (the "AGM Notice"), and, if no such indication is given, as my/our proxy thinks fit.

	ANNUAL GENERAL MEETING RESOLUTIONS	For (Note 5)	Against (Note 5)
1	To approve the Management Report for the year 2018.
2	To receive and approve the Audited Financial Statements and the Auditors Report for the year 2018.
3	To approve a dividend payment of €0,12 per share for the year 2018.
4	To re-elect the following Directors of the Company who retire by rotation:
	(i) To re-elect Mr. George St. Galatariotis as a Director.
	(ii) To re-elect Mr. Charalambos Panayiotou as a Director.
	(iii) To re-elect Mr. Christophe Allouchery as a Director.
5	To approve the Remuneration Report for the year 2018.
6	To fix the remuneration of the Directors for the year 2019.
7	To re-appoint KPMG Limited as the Company's Auditors for the year 2019 and to authorise the Board to fix their remuneration.

Date _______ of ______________ 2019 Signature(s) _____________________________________

Notes:

• 1. The record date for determining the right to vote at the Annual General Meeting is 28 May 2019. Transactions which will be taking place on 27 May 2019 and thereafter will not be considered in determining the right to vote at the General Meeting.
• 1. This Instrument of Proxy must be deposited together with any other document that may be required, at the registered Office of the Company 24 hours prior to the commencement of the business of the General Meeting or the adjourned meeting.
• 1. If the appointer is a corporation, the Instrument of Proxy must bear the official seal of the Corporation and must be signed by the Corporation's duly authorised person/s.
• 1. In the case of joint shareholders, the Instrument of Proxy may be issued only by the shareholder whose name appears first in the Register of Members.
• 5. IMPORTANT: IF YOU WISH TO VOTE FOR ANY RESOLUTION, PLEASE TICK IN THE EQUIVALENT BOX MARKED "For". IF YOU WISH TO VOTE AGAINST ANY RESOLUTION, TICK IN THE EQUIVALENT BOX MARKED "Against". If you do not indicate how you wish your proxy to vote, your proxy is authorised to vote for or against the resolution or abstain, at his discretion. Your proxy will also be entitled to vote at his discretion on any resolutions properly put to the Meeting other than those referred to in the Notice convening the Meeting.

FOR INTERNAL USE
Total number of shares held: __	Date on which the Instrument of Proxy was received: _ / _ / ____