CINICO CEO Removed From Board

This release is being disseminated on behalf of the Board of Directors of CINICO.

“Unfortunately, as a result of information which recently came to the attention of the Board of Directors and which has been investigated, a decision was taken to terminate the employment of the CEO of CINICO, with immediate effect.

The Board of Directors does not propose to make any further comments at this time.

The Board of Directors, CINICO.”