ARO.L Regulatory News (ARO)

 25 July, 2016

Arricano Real Estate plc

("Arricano" or the "Company" or, together with its subsidiaries, the "Group")

 Q2 2016 Trading Update

Arricano is pleased to announce the following trading update for Q2 2016, during which retail vacancy rates reduced across its portfolio of five shopping malls when compared to the same date in 2015:

In Q2 2016, Arricano leased 4,248 sqm of retail space, of which 748.5 sqm were lease extensions. In total 40 new lease agreements were signed of which 28 brands were new to Arricano including LC WAIKIKI, New Balance, Brocard, US Kids and iDO.

Anna Chubotina, Director of Arricano's Retail Areas Department, commenting on tenant mix said: "It is important for us to have a dynamic pool of tenants that is developing, changing, and improving, so that a broad and current range of retail operators are represented, adding to the visitor appeal of the Malls and creating a vibrant atmosphere."

Mykhailo Merkulov, General Director of Arricano Real Estate Plc, said "Q2 has been a good period for the Company as demonstrated by the increase in the number and quality of the tenants seeking space in our portfolio of Malls. Going forward our plans include the development of shopping malls in line with the corporate strategy, improvement of the tenant mix, and further implementation of the projects focused on upgraded services business model."

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