APPROVAL OF FINANCIAL STATEMENTS FOR THE YEAR 2022

At the meeting of the Board of Directors of The Cyprus Cement Public Company Ltd, held on 28^th April 2023, the following decisions were taken:

(a)        Approval of Financial Statements

The Annual Report and the Financial Statements of the Company for the year ended 31^st December 2022 were approved.

Copies of the Annual Report and the Financial Statements are available at the Company’s registered office, at 197 Makarios III Avenue, 3030 Limassol and on the Group’s website www.galatariotisgroup.com (“Investor Relations/Announcements”).

The Annual Report and Financial Statements of the Company for the year 2022 in HTML format according to the European Single Electronic Format (“ESEF”), are available at the Group’s website at the following link:

https://www.galatariotisgroup.com/financial-reports/the-cyprus-cement-public-company-ltd

(b)       Dividend declaration

The Board of Directors of the Company decided to recommend to the Annual General Meeting of Company’s shareholder to approve the payment of a dividend of €2.745.240 out of the profits of the year 2021, which corresponds to €0,02 cent, for each fully paid ordinary share.  The amount per share is calculated after taking into account the number of shares acquired by the Company according on the buyback scheme.

Calendar of Corporate action

The Record Date for the dividend is Wednesday, 5^th July 2023, i.e. Investors that will purchase shares at the Cyprus Stock Exchange by the close of business on 3^rd July 2023 (Last Cum Date) will be entitled to the dividend. Furthermore, shareholders entitled to the dividend will also be the holders of shares based on an off-exchange transfer to be completed by the record date.  The ex-dividend date is Tuesday, 4^th July 2023.

The dividend will be paid to the shareholders until Tuesday 1^st August 2023.

(c)        Annual General Meeting

It was resolved that the Annual General Meeting of the shareholders of the Company, for the approval of the Annual Report and Financial Statements for the year 2022, will be held on Thursday 22^nd June 2023, at 11:00 a.m. at Parklane, a Luxury Collection Resort & Spa, in Limassol.

(d)       Extraordinary General Meeting

The Board of Directors of The Cyprus Cement Public Company Ltd announces that an Extraordinary General Meeting will be held on Thursday 22^nd June 2023, to consider and if thought fit pass the following Special Resolution:

«SPECIAL RESOLUTION

1. That the Board of Directors of the Company is authorised to acquire shares of the Company within a period of 12 months from the date of passing this resolution at the Extraordinary General Meeting.

• That the maximum number of shares that will be acquired at any time cannot exceed 10% of the issued share capital or 25% of the average of the value of transactions that were executed at the CSE during the last thirty days prior to the purchase of such shares whichever is the smaller.

• That the shares acquired will be held for a period of 24 months or less at the discretion of the Board of Directors.

• That the purchase price of fully paid shares cannot exceed 5% of the average purchase price of the shares during the last five working days before the execution of such purchase of shares and will be paid out of realised and not distributed profits of the Company.

• That the Secretary of the Company is authorised to take all necessary steps for the implementation of the above resolutions of the Company».

C.C.C. Secretarial Ltd

Secretary

Limassol, 28^th April 2023

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