Despite the pressure from the law enforcement agencies of Ukraine on the Arricano Group of Companies in Ukraine (hereinafter referred to as Arricano) and its employees in 2024, as well as the consequences of the armed aggression of the Russian Federation, the developer continued to work effectively. It was important for the group of companies not only to ensure the stable operation of all shopping malls, but also to perform social functions and develop where possible. 

Arricano's key indicators and achievements in 2024 include: 
•    UAH 205.9 million of taxes paid to the state budget (all levels);
•    More than UAH 4.2 million to help the Defense Forces of Ukraine and charity;
•    Traffic in the shopping mall — more than 21 million visitors;
•    35 stores and establishments with a total area of almost 23.3 thousand square meters were opened in the shopping mall;
•    Arricano strengthened the tenant-mix of the Sun Gallery shopping mall in Kryvyi Rih and the CITY MALL in Zaporizhzhia by the market leader in FMCG — Silpo supermarket, and also attracted new domestic and international operators, in particular Sinsay, DIVERSE, Broxci, etc.;
•    The average vacancy in the Arricano group shopping malls at the end of 2024 was less than 5%. And in some objects, in particular in Prospekt shopping mall, it was 0%.

Separately, UAH 66.7 million was invested in the restoration of the Sun Gallery shopping mall (Kryvyi Rih), which was damaged as a result of a missile attack on the city in January 2024. At the end of summer 2024, Sun Gallery shopping mall resumed its operation, which was temporarily suspended to assess the consequences of destruction and carry out restoration works.

In June 2024, the Sun Gallery shopping mall and the CITY MALL changed the anchor operator to a supermarket of the popular Silpo chain. This significantly increased traffic in both facilities and had a positive impact on the turnover of operators of all product groups.

In Zaporizhzhia, Arricano invested in the arrangement, expansion and renovation of the shopping gallery of the CITY MALL after replacing the anchor operator — the Silpo supermarket. 

The company considers support for Ukrainian brands to be an important direction for the development of its facilities, so their representation in Arricano shopping mall gradually increased in 2024. At the same time, the development strategy of the Group's shopping malls provides for further updating of formats and the launch of new stores. 

Arricano signed Memorandums of Cooperation with the National University of Physical Education and Sports of Ukraine, as well as with the Zaporizhzhia Polytechnic National University.

Arricano received 2 awards from the Malls Club for the best marketing projects of the shopping mall in 2023, namely for the initiative "Vyshyvanka Day" in RayON shopping mall and the project "Sontsekres" in Prospekt shopping mall, and for the second year in a row won the Star Publisher award from the European Business Association for proactive coverage of the activities of a leading developer of shopping malls in Ukraine.

In 2024 the developer paid special attention to increasing the loyal audience of all his 4 shopping malls and creating his own unique interesting video content that collects thousands of views and reach. As a result, Prospekt shopping mall entered the TOP-8 in the rating of the most popular pages in Facebook among the shopping malls of Ukraine, and RayON shopping mall rose to the 19th position. Prospekt shopping mall was included in the rating of accounts of the shopping mall of Ukraine with the largest number of subscribers in Instagram and took 19th place, displacing other shopping malls.

In October, Prospekt shopping mall managed to achieve a record number of visitors since the beginning of the full-scale invasion, because on the occasion of its 10th anniversary, the shopping complex prepared a charity concert with the participation of Ukrainian artists YAKTAK and Ivan Navi, held a charity auction and raised funds to support the Armed Forces of Ukraine. 

In accordance with the CSR strategy of Arricano, in 2024, the developer strengthened its assistance to the Armed Forces of Ukraine, the National Guard of Ukraine, charitable foundations and public organizations in order to bring the victory of our country closer. A separate priority of Arricano in 2024 was charitable, social and patriotic projects, as well as initiatives aimed at supporting the physical and mental health of the shopping mall community, increasing the attendance of shopping malls and increasing the turnover of tenants. From February 27 to March 3, Arricano, together with the State Institution "Sport for all" with the support of the Ministry of Youth and Sports of Ukraine, implemented the project "Active Parks — the Way to Victory" in Prospekt shopping mall in order to encourage the community of the shopping mall to engage in sports.

The developer also continues to support Ukrainian culture and respect for folk traditions, so once again in 2024, they united citizens in Kyiv, Zaporizhzhia and Kryvyi Rih at authentic events such as Kolodii and Solntsekres.

The Arricano team traditionally joined the blood collection for Ukrainian defenders, joined the 31st "Chestnut Run" to support fundraising for the treatment of children with heart defects. In March, the team visited the Okhmatdyt National Hospital and supported the "We defeat diseases together" project of the Joint Victory NGO. The main goal of the initiative is physical rehabilitation of children with severe disabilities, increasing motivation for recovery and improving their psycho-emotional state. Prospekt shopping mall purchased and transferred tablets for distance learning of seriously ill children undergoing treatment at the Okhmatdyt National Hospital. 

Arricano, together with partners and the Prospekt shopping mall community, continued the tradition this year and planted catalpas, lilacs, as well as forsythia and spirea bushes in the DShK park in Kyiv and expanded the green area, where more than 70 green plants from the developer appeared last year.
 

In 2023, the shopping malls of the Arricano Real Estate LLC management company (Prospekt shopping mall, RayON shopping mall, CITY MALL and Sun Gallery shopping mall) were visited by more than 23 million guests, which exceeded expectations and previous forecasts.  

According to the results of 2023, the companies of the Arricano Group in Ukraine paid UAH 195.2 million of taxes and fees.

At the end of 2023, the company's Kyiv shopping malls achieved a vacancy rate of 0%, and in regional projects – less than 1%. During the year, Arricano project companies signed more than 60 lease agreements for an area exceeding 7,000 square meters. Among the signatories there were  such tenants as COMFY, adidas, Megasport, Ukrzoloto and others. 

Given the number of planned and emergency outages in the cities of Ukraine in December 2022, in January 2023, Arricano equipped the RayON shopping mall and the Prospekt shopping mall with Family Space — a free family space with board games and children's slot machines so that the school holidays would be easy for children and in a cozy atmosphere — in the circle of friends and relatives.

In 2023, Arricano helped the Armed Forces of Ukraine, the National Guard of Ukraine, public organizations, charitable foundations on a monthly basis, in particular, focused on providing soldiers with the necessary equipment. The developer purchased and transferred the DJI MAVIC 3 drone and information storage facilities to the Ukrainian defenders, as well as raised funds for the needs of the military with the support of the NGO.

Arricano continued to conduct a cycle of meetings and free examinations from doctors in its shopping malls, trainings on the provision of prehospital care and mine safety within the framework of the social project "Caring Saturdays", popularized blood donation in the Prospekt shopping mall to save the lives of civilian and military patients of the Amosov Institute, because regular replenishment of the blood bank is an urgent need during the war. At the request of the Military Administration of Khersonska region, Arricano purchased and sent wastewater pumps to eliminate the consequences of the destruction of the Kakhovka Dam. And on the eve of the New Year, the developer, together with the community of Prospekt shopping mall, fulfilled the dreams of 30 children from large families — gave everyone the cherished gifts.

Arricano understands the importance of cooperation between universities and business for the development of human capital and economic growth in the world, and directs its efforts to establish effective interaction and long-term relationships with higher education institutions. So on June 26, 2023, Arricano signed a memorandum of partnership with the relocated Mariupol State University. 

The leading developer of Ukraine initiated the inspection of Prospekt shopping mall for barrier-free accessibility and after a professional analysis received a positive decision from the NGO "Dostupno.UA": Prospekt shopping mall is convenient and accessible for people with limited mobility. Representatives of the NGO checked the shopping mall for compliance with the standards of inclusiveness, in particular physical barrier-free accessibility, in accordance with state construction standards and provided their conclusions and recommendations.

Arricano is a socially responsible company that creates spaces and senses, cares about the present for the sake of a quality future, takes into account the needs and aspirations of consumers and tenants, adhering to the Sustainable Development Goals. Therefore, in 2023, before the World Earth Day, the developer planted more than 70 green plants in the park of Kyiv, organized a number of environmental initiatives in his Kyiv shopping malls, attracting visitors, partners, authorities and teams of shopping malls.

Arricano took part in the "Chestnut Run" for the fifth time and contributed to helping children with heart defects. After all, with the collected funds, the CF "Chestnut Run" purchases the necessary equipment for the Scientific and Practical Medical Center for Pediatric Cardiology and Cardiac Surgery of the Ministry of Health of Ukraine.

Celebrating the Day of Kyiv, on May 27, the Prospect shopping mall set a record of Ukraine in the Art, Dimensions category for the construction of the highest models of historical and architectural monuments-symbols of the capital city – the Motherland Monument (with the Trident on the shield) and the Bell Tower of St. Sophia Cathedral with more than 41,000 LEGO blocks. The community and the team of the shopping mall assembled during 6 hours of teamwork the architectural symbols of Kyiv with a height of 2.5 m and 2.4 m. 

The European Business Association recognized Arricano's work in the information and communication field and awarded the StarPublisher award.  

Arricano presented in its Prospekt shopping mall in Kyiv the 1ST STYLISH STAGE — a fashion showcase inside the shopping complex, in which the goods of tenant brands will be exhibited. Unlike the classic showcase — behind the glass, in Prospekt shopping mall, the exposition of current outfits is located in the central atrium with the ability to view 360°. Products of different brands are united by a thematic seasonal concept using elements of decor and light, the chosen style of clothing and accessories presented, without masking the individuality, authenticity of retailers' products.

1ST STYLISH STAGE is a new long-term project of Prospekt shopping mall and provides for regular updating of all categories of goods that are part of the fashion exposition.

In 2023, Arricano continued to work on the project of the shopping mall on Lukianivka in Kyiv, performing the planned works on the arrangement of engineering networks.
 

Since the beginning of the war, Arricano has sought to ensure the smooth operation of all its shopping malls in order to preserve jobs and enable the community to buy essential goods and use important services. Supermarkets, pharmacies, stores of essential goods located in Arricano shopping malls in Kyiv, Zaporizhzhia and Kryvyi Rih continued to operate.
 
Since June 2022, the number of stores and establishments that have resumed their activities has increased. In September 2022, all tenants of our shopping malls, with the exception of McDonald's and Puma in Zaporizhzhia, resumed their work. 
 
The company invested more than UAH 26 million in the energy independence of its four facilities, the organization of uninterrupted communication in the shopping malls, the construction of a shelter in Zaporizhzhia for the personnel of the CITY MALL, the creation of hubs for care in case of blackouts in shopping malls, and support for charitable initiatives.  
 
Arricano provided all 4 shopping malls with powerful generators, which made it possible to operate more than 400 stores and establishments. The company took care of its customers and set up ENERGY SPACE in Prospekt shopping mall and RayON shopping mall – hubs of unity and support for Ukrainians who, despite the war in Ukraine, continue to work, study, raise children and help each other. Thanks to the uninterrupted operation of shopping malls, visitors could use all the services that are available in the shopping malls, as well as work, recharge the necessary equipment, and heat food in the ENERGY SPACE.
 
In 2022, the company opened 36 new stores and establishments across its portfolio of shopping malls, including a mix of local and international brands: Ukrzoloto, Anabel Arto, Brand Shop, brabrabra, Zolota Kraina, Provocator, Diverse, Yabluka, ODH, Sushi take out, Doner Market and Greek House, etc. While continuing to work, Arricano provided jobs for thousands of Ukrainians and paid more than UAH 130 million in taxes to the state budget.
 
Since February, the vector of social activity of the company has been aimed at helping the Armed Forces of Ukraine, the National Guard of Ukraine, charitable organizations, internally displaced persons in Zaporizhzhia and Kryvyi Rih, cooperation with communities that rally around the shopping malls, strengthening relations with universities of Ukraine to support and develop talented youth, promoting the implementation of their creative ideas and innovative projects.
 
On November 17, 2022, a Memorandum of Cooperation was signed by Arricano and Taras Shevchenko National University of Kyiv to coordinate efforts in the field of science, creative and educational development of the community, and the implementation of the CSR strategy of the Parties. And in December, the company, together with the student and teaching communities of the Chemical Faculty of Taras Shevchenko National University of Kyiv, organized an exciting scientific chemical show "New Year's Laboratory" for visitors to Prospekt shopping mall.
 
Humanitarian, charitable and volunteer initiatives have been implemented with the participation of our shopping malls. Thus, in Kyiv's RayON shopping mall, Arricano organized a project of public support for the "Big Family Initiative", during which a charity fair and an exhibition of unique works of the shopping malls' community took place. All proceeds were used to purchase equipment for the military clinical hospital with the help of the SOS Fund UA Charitable Foundation.
 
Taking into account the need of the population to obtain knowledge, important skills and abilities on how to properly provide first aid in wartime, the company launched the "Learn and Help" project - a series of seminars on prehospital care. The partners whose representatives conducted training in Arricano shopping malls were: the Red Cross Society of Ukraine, the Podykh Zhyttia training center, Respawn school, the General Board of the State Emergency Service of Ukraine in Zaporizka region and the Department of the General Board of the State Emergency Service of Ukraine in Krivorizkyi district of Dnipropetrovska region.
 
In whatever city or country all team members are, Arricano annually joins the charitable "Chestnut Run". Despite all the difficulties, 2022 was no exception, so the company traditionally supported the initiative and contributed to the assistance of the Center for Pediatric Cardiology and Cardiac Surgery of the Ministry of Health of Ukraine.
 
Arricano shopping malls retain the function of social centers of Ukrainian cities, playing an important role in restoring the usual life of communities.
 
Arricano entered the 2023 with the motto "Be brave to work in Ukraine".

In 2021, Arricano adopted a new ESG Policy in corporate social activities. Priority areas include educational projects and cooperation with segmented communities of shopping malls in Kyiv, Zaporizhzhia and Kryvyi Rih. 

Consequently, during the year, the company implemented 10 key initiatives for teachers, schoolchildren, and teenagers, held a crowdfunding collection of clothes, and actively cooperated with charitable foundations, NGOs, and educational organizations. 

At the same time, Arricano, together with other leading players in the retail and development market, organized vaccination points in shopping malls. Thanks to this, thousands of Ukrainians have joined collective immunization in comfortable conditions. 

In the strategy of activity of shopping malls, Arricano continues the concept of development of the facilities as comfortable social spaces, adding a new brand attribute of the shopping mall's socioecosystem. And also studies the life cycles of the shopping mall in order to stay on trend and respond to consumer requests in the service, tenant mix, entertainment, emotional component and other options, while maintaining the level of target traffic. 

The main awards of the year and market recognition are BusinesssHero of the business market according to the European Business Association about a significant CSR position. Arricano social projects are among the top 25 Best CSR programs in Ukraine according to the business publication "Vlast deneg". Arricano also consistently ranks high in the rating of the top 5 reputation activists in the development market according to business experts of the project "Reputation ACTIVists". 
 

The company's mission in 2020 are smart business solutions and formation of a safe social space of the shopping mall in accordance with the new conditions caused by Covid-19. Also throughout the year, Arricano promoted socialization as the main anthropological human need.

The company won first place in the National rating of corporate reputation management quality "Reputation ACTIVists" in the development market. The expert jury evaluated its reputational stability, media activity, innovative approach to communications, CSR image capital and crisis resilience. 

Two regional shopping malls of Arricano - Sun Gallery and City Mall – received the National Award of Ukraine "Consumer Choice – 2019" in the category "Best Shopping Mall in the city". In addition, City Mall was recognized as the best shopping mall in Ukraine in regional centers outside million cities according to the RAU Awards 2020. As for the capital city, the RayON shopping mall is among the top 5 medium-sized shopping malls in the million cities. This is evidenced by the rating information from the All-Ukrainian magazine "Novoe Vremya" and the Retailers Association of Ukraine. 

In 2020, Arricano strengthened its socio-cultural component. Thus, with the support of the company, a 3D model of St. Sophia Cathedral was created. A special feature of the project is that the structures are marked with relief tactile plaques in Braille. Therefore, people with visual impairments will be able to feel its architectural features and read motivational messages.

At Prospekt shopping mall, the Arricano team has implemented the cultural and communication project "ArtFashion: from the 20s to the 20s", which explores the history of fashion over the past 100 years. Retail partners of the shopping mall joined the exhibition, and models from their latest collections looked organically next to paintings and photographs of the last century. The project received a number of positive reviews from influencers of the retail market, and also got into the top 25 Ukrainian effective marketing campaigns according to the magazine "Vlast Deneg". 

During 2020, Arricano conducted an information campaign on respiratory etiquette and social distance in its shopping malls. The company not only shared messages on its media sites, but also held several educational events with the participation of health care professionals.   
 

In 2019, the company implemented and strengthened the Consumer - Retailer - Landlord ecosystem, in which trust, mutual respect and partnership enhance the development, improvement of interaction and increase of business parameters.
This year, the company has the highest occupancy rates of the malls since 2012 - 99.9%.
Four Arricano shopping malls - “Prospekt” (Kyiv), “RayON” (Kyiv), “City Mall” (Zaporizhzhia), “Sun Gallery” (Kryvyi Rih) demonstrate high quality traffic.
The company demonstrates the improvement of its financial parameters: in the first half of 2019, the total revenue has grown by 17% to $ 17.3 million; the profit has increased by 53% to $9.8 million; the company's total portfolio has grown by $ 22.8 million to $ 281.3 million.
In 2019, Arricano has attracted $40 million of loans for the development of the company and the portfolio of its facilities, as well as for refinancing, having entered into four loan agreements to the amount of $5.15 million, $4.0 million, $12.0 million and $19.0 million with the largest financial institutions and banks: JSC “State Savings Bank of Ukraine”, JSC “TASCOMBANK” and JSC “Raiffeisen Bank Aval”.

Arricano Real Estate Plc wins in the nomination “Management Company of the Year. Commercial Real Estate” – “Property management firm of the year. Shopping” according to the version of “V Europe Real Estate & Awards 2019”, organized by the Ukrainian Real Estate Club.

The facilities of the company were recognized by experts and consumers: two regional shopping malls of Arricano company – “Sun Gallery” (Kryvyi Rih) and “City Mall” (Zaporizhzhia) won the VII National Award of Ukraine in the field of retail trade Retail Awards “Consumer Choice-2018”; “City Mall” has become the winner in the nomination “The Best Medium Shopping Mall” in the Retail & Development Business Awards - 2019.

The company was included into the TOP-100 Rating of 500 Largest Companies in Ukraine, where the companies from all the sectors of the economy influencing the development of their markets were represented; it has occupied the 1st position in the category “Real Estate for Rent”, the 46th position among the TOP-100 Companies by profit and the 303rd position among the TOP-500 companies by volume of income.

Arricano supports Industry Development: For the second year in a row, Top Managers of the company share their expertise in the pre-MBA Property Management School profile project initiated by the Ukrainian Real Estate Club Business Association with the assistance of MIM Business School.

The company has proclaimed Year 2018 to be a Phygital Year of corporate strategy, by strengthening synergy of offline shopping and high-quality targeted online communications. This strategy was based on works and projects aimed at improving customer experience in shopping malls, innovative ideas and implemented information technologies.

Arricano’s team actively participated in profile conferences in Ukraine and abroad, including ICSC European Conference, shared experience and implemented the best business practices.

Arricano’s own media project Retail Consultant on Arricano Live YouTube channel has got more than 100,000 views related to legal, marketing, commercial and other aspects of cooperation with the company.

Arricano has won three of the twelve nominations of Shopping Centers Awards - 2018, organized by Ukrainian Real Estate Club, Europa Property and CEE Retail Awards. Arricano is “The Best Managing Company”, “The Best Shopping Mall. The choice of retail” and “The best marketing of a shopping mall”.

The company supports the concept of business integrity of the All-Ukrainian Network of Integrity and Compliance of UNIC, considering that B2B, B2C and B2G trends lead to Business 2 Government trend on the level of “honest business stories” that will create a guaranteed sustainable economic platform for Ukraine in order to attract international investors.
 

The company has declared 2017 as the year of customer experience. For Arricano team, it is very important not only to develop the facilities on a high-quality level, to cooperate with the best partners, improving the tenant mix, but also to work on improving the services' quality at all levels: in the store, cafe, restaurant, and at all points of the services provided by the shopping mall. Arricano continues the B2B Upgrade by Arricano program, launched in 2016, a series of educational projects for employees of the company's tenants. The results of regular marketing research conducted by the company indicate the need for the development of a project to train staff and the importance of using other tools to improve customer experience.

Arricano company is an active participant in business events in Ukraine and abroad, whose main goal is to improve the investment climate in the country and the reputation of «Ukraine» brand. The CEO and top management of the company openly advocate that transparent business conditions become the standard, and protection of foreign and local investments was a priority for the government of Ukraine.

The CSR initiative of Arricano within the Business 2 Students (B2S) project, launched in 2016, was supported by tenants, and in March 2017 the company has launched the third wave of the project, according to the results of which the KNUTE students are able to undergo internships in companies of leading retailers in Ukraine, and also in media companies developing the retail and development sector.

2016 was a service year for Arricano. The importance of the service business model for the company is determined not only by new projects aimed at improving services in all areas of the company, but also at the implementation of the new Corporate Social Responsibility (CSR) initiatives. So, in 2016 Arricano launched a corporate social responsibility project B2S (Business to Students) by Arricano, in which top managers share practical knowledge and experience with students. Maintaining the value of the service business model, Arricano also initiated a CSR project for tenants - a course of lectures and practical training for the staff of the tenants of all shopping centers by the best trainers and practitioners.

In April Arricano published the results of the company for 2015. With a significant drop in the overall market, the decline in revenue in dollar equivalent amounted to only 10% in the reporting currency. The growth of operating profit amounted to 80%.

The company continues to fight for its illegally deprived asset - Sky Mall shopping center. On May 5, 2016 the London Court of International Arbitration has adopted a decision in the arbitration between Arricano Real Estate Plc and Stockman Interhold S.A. in respect of the ownership of shares of Assofit Holdings Limited, the holding company, which previously wholly owned Sky Mall shopping center, located in Kyiv, Ukraine. According to this decision, all the shares of Assofit Holdings Limited, which were previously owned by Stockman Interhold S.A., should be transferred to the ownership of Arricano Real Estate Plc. not later than June 5, 2016 for $ 0.

Arricano is strengthening its competitive position in the commercial property market: despite the economic downturn and decline in household income, Arricano’s shopping centres demonstrate stable retail footfall and increased interest from potential tenants. Thus, in the course of 2015 over 150 new lease agreements have been signed. As of 31 October 2015, the Gross Leasable Area of the 5 shopping centres under Arricano’s management reached 147,800 sqm.

The ambitious construction of the Lukianivka Mall (provisional title) in Kyiv is well underway. Lukianivka Mall will become the first shopping and entertainment complex in Ukraine to incorporate two local architectural heritage sites; namely the Lukianivka depot of the city railway and the power plant which serves it. To restore these architectural monuments to its original state, Arricano will make use of the best industry practice in the field of building restoration and the functional integration of heritage sites into the shopping complex.

The Odessa Mall project (provisional title) has also gained new momentum. In 2015 the Odessa Public Prosecution office retracted its claim to declare the previous court ruling on approval of the detailed site plan by the Odessa municipal authorities illegal. The site plan had been developed and financed by Arricano, and the project was supported by the local authorities and the Head of Odessa regional administration.

The Prospekt shopping and entertainment complex emerged as the winner of the State Architecture and Building Inspectorate competition in August 2015, having been declared the best communal venue of the year. It has also been listed in the “Project of the Year” category by two international organisations: Chartered Institution of Building Services Engineers (CIBSE, London) and EEA Forum and Project Awards in Kyiv.

Two Arricano properties topped the 2015 Kiev shopping centres rankings compiled by the Ukrainian Retail Association. In the “Traditional medium sized shopping and entertainment centre” category the top two positions were taken by Prospekt (Kiev) and RayON (Kiev) respectively.

In September Arricano opens the Prospekt SEC in Kyiv with a Gross Lettable Area (GLA) of 30,400 sqm.

The GLA of the 6 implemented projects by Arricano exceeds 211,000 sqm.

On 12 September 2013 Arricano Real Estate plc launched its IPO (Initial Public Offering) on the Alternative Investment Markets (AIM) of the London Stock Exchange. Arricano raised USD 24 mln and purchased an equivalent of USD 66 mln of property assets in exchange for issued shares. The market capitalisation of the Company at the point of IPO was approximately USD 241 mln. This was the first public offering of shares of a Ukrainian real estate developer after the 2008-2009 crisis, and the first IPO of a Ukrainian entity in 2013.

Arricano received 4 lines of credit from Ukrainian and international banks for the total sum of around USD 100 mln, distributed as follows: a loan of USD 25 mln for the period of 5 years from one of the largest Russian banks in June 2013, a loan of USD 15 mln for the period of 7 years from Raiffeisen Bank Aval (Kyiv) in August 2013, a loan of USD 30 mln from the Ukrainian Oschadbank for the construction of Prospekt SEC, payable over 7 years in October 2013 and a USD 28.8 mln corporate loan from the UBS bank in 2013.

Arricano puts into operation RayON, its second shopping and entertainment complex in Kyiv with the GLA of 24,350 sqm.

Arricano expands its project portfolio by completing the construction of City Mall, a new commercial property project in Zaporizhzhya with a GLA of 21,450 sqm.

Arricano puts into operation the second part of Sky Mall, one of the largest shopping complexes of the Ukrainian capital. Sky Mall’s Gross Building Area (“GBA”) amounts to 90,500 sqm., while its GLA nears 68,000 sqm.

The commencement of operation of subsidiaries of Retail Real Estate S.A. (Luxembourg), presently a majority shareholder of Arricano, on the Ukrainian market.

Arricano opens the Sun Gallery, a shopping and entertainment complex in Kriviy Rih with the GLA of 35,600 sqm.

Arricano signed a credit agreement with the EBRD in Ukraine for the amount of USD 139,307 mln.

The 100% owned subsidiaries of Retail Real Estate S.A. are merged into a single company, Arricano, created for the construction and operation of shopping centres in Ukraine.

Opening of the first line of Sky Mall shopping complex in Kyiv.

Received a USD 13 mln loan from Ukrsibbank for the continued development of City Mall shopping and entertainment complex in Zaporizhzhia.

The commencement of operation of subsidiaries of Retail Real Estate S.A. (Luxembourg), presently a majority shareholder of Arricano, on the Ukrainian commercial property market.