Malta International Airport plc - Share Purchase Agreement

On 2 February, Malta International Airport plc confirmed that Flughafen Wien AG (the owner and operator of Vienna Airport) signed a share purchase agreement to acquire SNC-Lavalin Group Inc.’s indirect stake in SNC-Lavalin (Malta) Limited (“SNCL Malta”), subject to the fulfilment of certain closing conditions by both parties.

SNCL Malta has a 38.75% interest in Malta Mediterranean Link Consortium Limited (“MMLC”). Flughafen Wien AG, through its subsidiary VIE (Malta) Limited, already holds a 57.1% share in MMLC which in turn has a 40% equity interest in MIA. VIE Malta Limited holds an additional 10.1% equity stake directly in MIA. As such, through its wholly-owned subsidiary VIE (Malta) Limited, Flughafen Wien currently holds a 32.94% shareholding in MIA.

Upon closure of this transaction, the total consolidated holding of Flughafen Wien AG in MIA, directly and indirectly, will increase to 48.44% of the total issued share capital.

In an announcement by Flughafen Wien AG, it was disclosed that the total value of the transaction amounts to approximately €63 million, equivalent to €3.00 per share of MIA, subject to working capital adjustments.