Mallouppas & Papacostas Public : ANNOUNCEMENT

0047/00039137/en

Other Announcements

MALLOUPPAS & PAPACOSTAS PUBLIC CO LTD

MPT - MALLOUPPAS & PAPACOSTAS PUBLIC CO LTD

ANNOUNCEMENT

1 June 2022 The Board of directors of Mallouppas & Papacostas Public Co Limited (the "Offeree Company") at its meeting held on 31 May 2022 and after having examined the evaluation report prepared by independent experts BDO Ltd on the Public Bid by Messrs. Polys Mallouppas and Andreas Mallouppas (the "Offerors") for the acquisition of up to 100% of the issued capital of the Offeree Company (the "Public Bid"), has prepared a document which includes the justified opinion of the Board of Directors of the Offeree Company on the Public Bid (the "Opinion Document") pursuant to the provisions of Article 33 of the Public Takeover Bids Law of 2007 (Law no. 41(I)/2007) as amended. The Board of Directors of Mallouppas & Papacostas Public Co Limited (the "Offeree Company") has decided to adopt the position of the Independent Experts that the proposed consideration of EURO 0.19, as the basis of calculation used by the Offerors, appears to be fair and reasonable on the date of the Public Bid. Both the Independent Experts' Report and the Opinion Document will be posted to all shareholders of the Offeree Company. These two documents will also be available in electronic form during the Public Bid free of charge on the websites of both the Offeree Company (www.mppublic.com) and the CSE (www.cse.com.cy). Yours, MPT Secretarial Services Ltd Secretary

Not Regulated Filing Date: 02/06/2022 09:47