Mallouppas & Papacostas Public : ANNOUNCEMENT OF THE RESULT OF THE TAKEOVER BID TO THE SHAREHOLDERS OF MALLOUPPAS & PAPACOSTAS PUBLIC CO LIMITED

ANNOUNCEMENT OF THE RESULT OF THE TAKEOVER BID TO THE

SHAREHOLDERS OF MALLOUPPAS & PAPACOSTAS PUBLIC CO LIMITED

Messrs. Polys Mallouppas and Andreas Mallouppas (the "Offerors") inform the investing public, pursuant to Article 38 of the Takeover Bids Law, L.41(I)/ 2007 as amended (the "Law"), that the procedure for the acceptance of the mandatory takeover bid (the "Takeover Bid") for the acquisition of up to 100% of the issued share capital of Mallouppas & Papacostas Public Co Limited ("MPT", "Offeree Company") submitted on 24 March 2022 has been completed on 4 July 2022.

On 24 March 2022, date of the announcement of the Offerors' submission of the mandatory Takeover Bid, the Offerors held directly 19.308.897 shares representing 44,69% of the total issued share capital of MPT and indirectly with persons who were considered by the Law as acting in concert with the Offerors 24.705.672 shares representing 57,17% of the total issued share capital of MPT.

The total percentage of acceptance of the Takeover Bid reached 9,17%, as the Acceptance and Transfer Forms submitted were for 3.964.293 shares of the Offeree Company. It is clarified that the persons who were considered by the Law as acting in concert with the Offerors did not accept the Takeover Bid. The total percentage of acceptance together with the 44,69% (19.308.897 shares) that the Offerors held directly at the expiry of the Takeover Bid on 4 July 2022, gives the Offerors total direct participation of 53,86% (23.273.190 shares) in the issued share capital of the Offeree Company and indirect participation with persons who were considered by the Law as acting in concert with the Offerors 28.669.965 shares representing 66,35% of the total issued share capital of MPT.

It is noted that the final percentage of acceptance may change in case where during the final review of the Acceptance and Transfer Forms and the documents required to accompany the forms it is ascertained that data is missing or the data are erroneous and therefore, cannot be accepted.

In accordance with the terms of the Takeover Bid and pursuant to Article 10(1) of the Law, on the basis that the Offerors already indirectly held more than 50% of the voting rights of the Offeree Company the Takeover Bid is considered successful.

The Cyprus Investment and Securities Corporation Limited ("CISCO") is acting as advisor to the Offerors in connection with the Takeover Bid.

Nicosia

6 July 2022