Plaza Centres Plc

Business and Financial Review • Oct 22, 2012

Company Announcement

Interim Directors' Statement

Date of announcement	22 October 2012
Reference	PZC90/2012

The following is a company announcement issued by Plaza Centres plc pursuant to Chapter 5 of the Malta Financial Services Authority Listing Rules:

QUOTE

The Board of Directors is pleased to report satisfactory results compared with the corresponding period last year.

The increase in revenue was mainly due to additional income streams received from the Company's new extension inaugurated in March 2011. Nevertheless, the increase in income was partially offset following the termination of an office tenant as announced earlier this year since re-leasing the area was slower than anticipated. The main increase in expenditure was attributed to additional listing costs following the redenomination of the company's share in June 2012.

Average occupancy till 30 September 2012 was 87%, 4% less than the corresponding period last year. The company is negotiating new leases for the remaining vacant areas.

Since the publication of the company's half-yearly financial statements on 31 July 2012, no material events and / or transactions took place since that date such that they would require specific mention, disclosure or announcement pursuant to the Listing Rules.

During the period under review, as reported in the half yearly interim results, the financial position of the company has remained satisfactory and is in line with the company's expectations.

UNQUOTE

Lionel A.Lapira Company Secretary