Plaza Centres plc - Interim Directors’ Statement

On 25 May 2016, Plaza Centres plc published an Interim Directors’ Statement explaining that since the start of this year, the financial position of the Company remained at a satisfactory level and in line with Directors’ expectations.

Occupancy during the first quarter of 2016 increased to 99% and a high level of occupancy is expected to be maintained throughout the year. Similarly, visitors to the Plaza shopping mall during the first quarter were maintained at satisfactory levels compared to the corresponding period last year. Moreover, revenue and EBITDA also increased compared to the first quarter of 2015.

The announcement also made reference to the recently announced promise of sale agreement which the Company entered into for the acquisition of commercial real estate in Sliema. The final agreement is expected to be concluded in October 2016.