29 January 2021

Arricano Real Estate Plc

(the "Company")

Holding in Company

The Company announces that it was notified on 28 January 2021 that Dragon Capital Investments Limited now holds 12,924,000 ordinary shares in the Company (representing 12.51% of the Company's issued share capital) which were previously owned by Dragon Ukrainian Properties & Development PLC, both companies being members of the Dragon Group.

For further information, please contact:

Arricano Real Estate plc       Tel: +357 25 582 535

Ganna Chubotina

Nominated Adviser and Broker:    Tel: +44 (0)20 7220 1666

WH Ireland Limited

Chris Fielding

Financial PR:            Tel: +44 (0)20 3151 7008

Novella Communications Limited

Tim Robertson/ Fergus Young