MaltaPost Plc

Board/Management Information • Feb 11, 2014

The following is a Company Announcement pursuant to the Malta Financial Services Authority Listing Rules.

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Interim Directors' Statement

MaltaPost p.l.c. announces that during the financial period commencing on 1 October 2013 up to the date of this Announcement, no material events and/or transactions have taken place that would have an impact on the financial position of the Company such that they would require specific mention, disclosure or announcement pursuant to the applicable Listing Rule.

Overall, the financial performance for the relevant period remained broadly unchanged when compared to that of the corresponding period last year. The Company's turnover registered a satisfactory increase even though, in line with expectations, Letter Mail volumes remain on a downward trend. The increase, in turnover, has been partially offset owing to wage increases, inflationary pressures and higher crossborder mail delivery cost.

Looking ahead, we remain focused on improving revenue and profit growth through product and service diversification and by seeking opportunities arising from the structural trends in e-retailing. The revision of certain tariffs with effect from 1 January 2014 is expected to contribute towards mitigating the continued decrease in Letter Mail volumes. However, the main objective underlying such tariff revisions is to alleviate some of the pressures on the realistic sustainability of the Company's Universal Service Obligations. We continue to maintain an open dialogue with the Malta Communications Authority to ensure that the Company can continue to reasonably and realistically fulfill its obligations.

UNQUOTE

Graham A. Fairclough Company Secretary

11 February 2014