Mallouppas & Papacostas Public : COMPLETION OF THE TAKEOVER BID BY MESSRS. POLYS MALLOUPPAS AND ANDREAS MALLOUPPAS TO THE SHAREHOLDERS OF MALLOUPPAS & PAPACOSTAS PUBLIC CO LIMITED

COMPLETION OF THE TAKEOVER BID BY MESSRS. POLYS MALLOUPPAS AND

ANDREAS MALLOUPPAS TO THE SHAREHOLDERS OF MALLOUPPAS &

PAPACOSTAS PUBLIC CO LIMITED

Messrs. Polys Mallouppas and Andreas Mallouppas (the "Offerors") inform the investing public that the procedure in relation to 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.

After the final review of the Acceptance and Transfer Forms, the total percentage of acceptance of the Takeover Bid reached 9,18%, as the Acceptance and Transfer Forms submitted were for 3.967.437 shares of the Offeree Company. It is clarified that the persons who were considered by the relevant 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 53,87% (23.276.334 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 28.673.109 shares representing 66,36% of the total issued share capital of MPT.

For all shareholders who have accepted the Takeover Bid, payments were executed through the posting of cheques and through the execution of bank transfers on Wednesday 3 August 2022 and the Offerors have proceeded with the off-exchange transfer of the securities via the Underwriter Operator, The Cyprus Investment and Securities Corporation Limited ("CISCO").

CISCO has acted as Financial Advisor to the Offerors in connection with the Takeover Bid. Additionally, CISCO has acted as the Underwriter Operator pursuant to the provisions of the CSE Regulatory Administrative Act 96/2008 as amended.

Nicosia

3 August 2022