Karyes Investment Public : Continuation of the suspension of trading of the titles of Karyes Investment Public Company Ltd (Regulated Market)

ANNOUNCEMENT

Continuation of the suspension of trading of the titles of Karyes Investment Public

Company Ltd (Regulated Market)

The Cyprus Stock Exchange announces the continuation of the suspension of trading of the titles of Karyes Investment Public Company Ltd following a decision of the Cyprus Securities and Exchange Commission reached pursuant to the power conferred upon it by Article 70(2)(m) of the Investment Services and Activities and Regulated Markets Law of 2017.

The Cyprus Securities and Exchange Commission has decided to request the CSE Council to suspend the trading of the titles of this company on the CSE from 26 January 2022 until its compliance or until 18 March 2022 at the latest, if until the expiry of the existing period, it has not complied with its obligation to publish the financial information which is pending.

The Commission has reached the above decision on the ground that the said company has not complied with its obligation to publish its Annual Financial Report for the year ended 31 December 2020 as well as its Half-Yearly Financial Report for the period ended 30 June 2021, which resulted in not providing investors with the required information on the financial situation of the said company.

With regard to the conclusion of transactions outside the Stock Exchange, pursuant to Article 23 of the Securities and Cyprus Stock Exchange Law and OTC transactions by Operators during the suspension of trading, we remind you of the Stock Exchange circular dated 13 April 2021 entitled "Suspension of trading of listed securities and execution of transactions outside the Stock Exchange pursuant to Article 23 of the Securities and Cyprus Stock Exchange Laws or OTC transactions" on the cases of transactions permitted/prohibited to be concluded.

Nicosia, 24 January 2022