Minerva Insurance Company Public Ltd. informed that the Board of Directors of Minerva Insurance Company Public Ltd. decided to appoint Mr. Andreas Philippou as a new member of the Board of Directors. An application for the approval of the appointment of Mr. Philippou was previously sent to the Advisory Authority of the Superintendent of Insurance, whose reply was positive. Mr. Andreas Philippou is a Fellow Chartered Accountant, member of the Institute of Chartered Accountants in England and Wales. He studied in the UK obtaining a BSc (Honours) in Hotel and Institutional Management and then a Master in International Business Administration, which was in cooperation with a French university. As a professional accountant, Andreas Philippou had an international career gaining experience in the United Kingdom, Cyprus, Ukraine and the Middle East. He was for the past 11 years a partner in large international audit firms and led the audits of lage multinational and other high-profile organisations. When returning to Cyprus, he established in November 2020 the audit firm Philippou Auditors Ltd. where he is the Chief Executive Officer. He is a member of the Institute of Certified Public Accountants of Cyprus. Date of Appointment is March 19, 2021.