14 April 2021

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

New Details in the Sky Mall Raiding Case

Further to the announcement dated 30 March 2021, Arricano announces that the Kyiv Appellate Court order that the ownership of Sky Mall be completely frozen pending the determination of the ongoing criminal proceedings in Ukraine relating to Sky Mall has been cancelled by the Kyiv Pecherskyi District Court.

A further announcement will be issued when appropriate.

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