The Board of Directors of Liberty Life Insurance Public Company Ltd announces that the Annual General Meeting took place yesterday at the Company’s registered office in Nicosia.

The Annual General Meeting examined the agenda and approved unanimously the following:

1. Annual Report and financial statements 2015
The AGM presented the Directors’ Report and the Auditors’ Report and accepted the audited financial statements for the year ended December 31, 2015 as well as the Auditors’ Report.

2. Election of Board members
The following members withdrew pursuant to the rotation process:

Members:
Zenios Demetriou –  Director

Antonakis Antoniou –  Director

Mr. Zenios Demetriou and Mr. Antonakis Antoniou put themselves forward for re-election and were re-elected.

3. Setting of the remuneration
The AGM decided that the remuneration of the Board members is €1200 for the Executive Chairman and €600 for the Directors..

4. Appointment of auditors
The AGM approved the appointment of A.E.Charalambous & Co Auditors Ltd, as auditors and authorized the Board of Directors to set their remuneration for 2016.

Elena Pitta

Secretary

Nicosia, 23 June 2016