This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

16 November 2020

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Temporary closure of retail shopping centres

Arricano announces that the Ukraine central government has introduced temporary restrictions on customer access to retail shopping centres on Saturdays and Sundays starting from November 14 until 30 November 2020.

All shops, other than primarily hypermarkets and pharmacies at Arricano's shopping centres: Prospekt (Kyiv); Rayon (Kyiv); City Mall (Zaporizhzhia); and Sun Gallery (Kryvyi Rig) will close over the weekends. However the centres will all remain open for an extra hour per day during the week.

The Company anticipates that this will not have a significant effect on the its 2020 performance.

Enquiries:

Arricano Real Estate plc

Tel: +357 25 582 535

Ganna Chubotina

Nominated Adviser and Broker:

WH Ireland Limited Chris Fielding Tel: +44 (0)20 7220 1666

Financial PR:

Novella Communications Limited Tim Robertson/ Fergus Young 

Tel: +44 (0)20 3151 7008