Plaza Centres Plc

Report Publication Announcement • May 19, 2014

Company Announcement

Interim Directors' Statement

Date of announcement 19 May 2014

Reference PZC112/2014

The following is a company announcement issued by Plaza Centres p.l.c. ("The Company") pursuant to the Malta Financial Services Authority Listing Rules covering the period 1 January 2014 and the date of this Announcement:

QUOTE

The Company announces that since 1st January 2014 and the date of this announcement, the financial position of the company maintained a satisfactory level of performance in line with Directors' expectations.

Occupancy during the first quarter of 2014 increased by 10% compared to the corresponding period in 2013, whilst income and EBIDTA also increased by the same percentage when compared to Q1 of 2013. Subject to any unforeseen circumstances, the Directors anticipate achieving higher occupancy levels by Q4 in 2014.

The Company is presently waiting for MEPA to issue a permit for the refurbishment of the Commercial Centres' facades in Bisazza Street and Tower Road. If the permit is approved, the refurbishment work will commence in Q3 and Q4 of 2014.

No further material events or transactions have taken place which would have an impact on the financial position of the Company, such that they would require specific mention, disclosure or announcement in terms of the applicable Listing Rules.

Subject to any unforeseen circumstances, the Directors expect the Company's financial results for the year to be in line with the projections prepared at the beginning of the year.

UNQUOTE

By Order of the Board

Lionel A.Lapira Company Secretary 19 May 2014