Arricano Real Estate Plc: Update on the listing

This announcement contains inside information within the meaning of the Market Abuse Regulation (EU) (No 596/2014).

18 April 2019

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Admission to the Emerging Companies Market ("ECM") of the Cyprus Stock Exchange ("CSE") and de-listing from the London Stock Exchange

The Company is pleased to announce that the Cyprus Stock Exchange announced, pursuant to Article 58(1) of the CSE Law, the listing of the Shares of BCRE on the CSE Emerging Companies Market for issuers whose Registry is not kept by the CSE Central Depository Registry.

The Company's shares have been listed and traded on the Main Market of the London Stock Exchange ("LSE") since 28 May 2014. The Company made all necessary arrangements for its delisting from the LSE. The last day of trading on the LSE was Wednesday, 17 April 2019 and the listing on the CSE Emerging Companies Market will be effected today, Thursday, 18 April 2019.

The above securities will be traded in Euro (EUR) and the Cyprus Stock Exchange will not undertake to keep the registry of the Company at the CSE Central Depository / Registry. Its registry will be kept at CREST and EGR Broking Limited (email: info@egrbroking.com / tel.: 004402036979499) will act as its Clearing Agent.

ENQUIRIES:

About BCRE

BCRE is an international real estate development and investment group, headquartered in the Netherlands. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets in the markets it operates.

The Company has established local management team platforms with significant local market expertise. At present, the Company's main offices and teams are in New York, Moscow, Amsterdam and Limassol.