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Update on Loan Facilities

29th Apr 2021 10:00

RNS Number : 0580X

Arricano Real Estate PLC

29 April 2021

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

29 April 2021

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Update on Loan Facilities

Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, is pleased to announce the following update relating to its current loan facility with the State Savings Bank of Ukraine.

LLC Comfort Market Luks, a subsidiary of the Company, which owns and operates the Kyiv Shopping Center "Prospekt" entered yesterday into an amendment to the current loan agreement with State Savings Bank of Ukraine to decrease the interest rate from 7.5% to 6.5% per annum.

Current principal outstanding under the loan agreement equals USD 17,2 mln. The loan is repayable in July 2026.

Enquiries:

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

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