MIDI plc - Update on Manoel Island Project

Monday, March 16th, 2015

On 13 March, MIDI plc announced that it is currently in discussions with various third parties who have expressed an interest to invest in the Manoel Island project.

The Directors further explained that it is their intention to conclude an agreement with one of the aforementioned parties subject to the fulfillment of its contractual obligations and necessary regulatory approvals. Shareholder approval will also be sought if the agreement gives rise to a Class 2 transaction.

Further announcements in this respect will be made as and when necessary.

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