Malta International Airport plc - Interim Directors’ Statement

Thursday, November 15th, 2012

On 15 November, Malta International Airport plc published its Interim Directors’ Statement updating the market on its performance since the half-year ended on 30 June 2012.

The Directors explained that during the first ten months of the year, passenger movements grew by 3.7% compared to the same period last year. Although the last two months of the year are expected to register slight decreases in the number of passengers, the airport operator is still expected to reach another record year of passenger movements with a growth of circa 3% to over 3.6 million (2011: 3.5 million).

The announcement also confirmed that similar to last year, in a bid to increase passenger traffic in the shoulder months, the incentive to refund landing fees to all scheduled airlines between November 2012 and March 2013 will also be repeated this year. This incentive is expected to cost the Company around €1.3 million in lost revenue.

On the retail and property side, the statement revealed that the SkyParks Business Centre, which was inaugurated in September, has reached an 80% occupancy.

Overall, the Directors expect that excluding any unforeseen circumstances, the Company’s financial results for 2012 to be better than the projections made at the beginning of the year and of those registered in 2011 when MIA registered a pre-tax profit of €18.9 million.

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