APPROVAL OF FINANCIAL STATEMENTS FOR THE YEAR 2023

At the meeting of the Board of Directors of The Cyprus Cement Public Company Ltd, held on 29^th April 2024, the following decisions were taken:

(a)        Approval of Financial Statements

Approved the Annual Report and the Financial Statements of the Company for the year ended 31^st December 2023.

Attached you will find the Annual Report and Financial Statements of the Company for the year 2023, in electronic format and in HTML format according to the European Single Electronic Format (“ESEF”).

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”).

(b)       Dividend declaration

The Board of Directors decided to recommend to the Annual General Meeting of the shareholders of the Company, to approve the payment of a dividend of €2.743.238 which corresponds to €0,02 cent per share, from the profits of the year 2022.  The dividend per share is calculated after considering the own shares acquired from the Company’s share buyback program.

Calendar of Corporate action

The dividend to be approved by the Annual General Meeting will be paid to the entitled shareholders of the Company that will be registered at the Cyprus Stock Exchange (CSE) registry as at 10^th July 2024 (Record Date). Investors that will purchase shares at the CSE by the close of business on 8^th July 2024 (Last Cum Date) will be entitled to the dividend. The ex-dividend date is 9^th July 2024. 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 dividend will be paidto the shareholders until Friday 2^nd August 2024.

(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 the Financial Statements for the year 2023, will be held on Tuesday 25^th June 2024, 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 Tuesday 25^th June 2024, 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, 29^th April 2024

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