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Simonds Farsons Cisk plc - Disposal of shares in Valletta Cruise Port plc

Wednesday, September 2nd, 2015

On 1 September, Simonds Farsons Cisk plc, through its subsidiary FSG Company Limited, together with Bank of Valletta plc and Malta International Airport plc, announced that they have entered into a binding share purchase agreement for the sale of their collective holding in Valletta Cruise Port plc (“VCP”) amounting to 31% to Global Liman İşletmeleri A.Ş. (“GLI”).  The latter is a 100% subsidiary of Global Yatırım Holding A.Ş. – a Turkish company with business interests in ports, energy, real estate and finance.

The successful completion of this transaction is subject to legal and regulatory approvals and the waiver of the pre-emption rights by the remaining shareholders of VCP to allow the transaction to be completed in accordance with the terms agreed in the share purchase agreement.

The total consideration for the shares will be announced following the successful completion of the conditions precedent and closing of the transaction.

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