Vonpende Holdings PLC

Share Issue/Capital Change • Jun 4, 2018

ANNOUNCEMENT DATED 04 JUNE 2018 ON THE INCREASE OF SHARE CAPITAL

Vonpende Holdings P.L.C. announces the decision of its Shareholders to approve $1.$ an increase of the Company's authorized share capital. Pursuant to a unanimous written resolution dated 04.06.2018, the Company's Shareholders have unanimously resolved to increase the existing authorized share capital of the Company amounting to EUR 410.000,00 (Four Hundred Ten Thousand Euro) divided into 32.800 (Thirty Two Thousand Eight Hundred) Ordinary Shares of nominal value EUR 12,5 each, to EUR 1.920.000 (One Million Nine Hundred and Twenty Thousand Euro) divided into 153.600 (One Hundred Fifty Three Thousand and Six Hundred) Ordinary Shares of nominal value 12,5 per share with the addition of EUR 1.510.000,00 (One Million Five Hundred and Ten Thousand Euro) divided into 120.800 (One Hundred Twenty Thousand and Eight Hundred) Ordinary Shares of nominal value EUR 12,5 per share.

$2.$ The Shareholders have further ratified the proposal for the distribution of an Interim Dividend as per the decision of the Company's Board of Directors dated 04.06.2018.

$3.$ The Shareholders have authorized the Board to implement the option of reinvestment of the Interim Dividend into newly issued shares in the Company, to entitled shareholders pro rata to their shareholding as part of an Interim Dividend Reinvestment Plan, to be circulated among all entitled shareholders.

Finally, the Board was authorized to proceed to all necessary steps to implement 4. the increase of share capital and admission of the new shares, as they will arise, with the Emerging Companies Market of the Cyprus Stock Exchange.

BY ORDER OF STELLA KOUKOUNIS

Executive Director

Registration number 216944 B Registered address: Chrysanthou Mylona, 2, Dali, P.C. 2540, Nicosia, Cyprus B Trading office address: Office no. 306, Vesper floor, Akamantis Building, 10 Egypt Street, 1097, Nicosia, Cyprus n Tel: +357 22 029398 = Fax: +357 22 029399 = Email: corporate@vonpende.com.cy = www.vonpende.com.cy