MIDI Plc

M&A Activity • Aug 3, 2015

MIDI PLC

COMPANY ANNOUNCEMENT

The following is a company announcement issued by MIDI plc ("MIDI" or "the Company") pursuant to the Malta Financial Services Authority Listing Rules.

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Preliminary Agreement

In accordance with the requirements of the Listing Rules, it is hereby announced that on the 30 July 2015, the Company entered into a preliminary agreement with Siemens SpA ("Siemens") by virtue of which, it was agreed that the Company purchases and acquires 2,000,000 Ordinary A Shares amounting to 50% of the total shareholding in Solutions & Infrastructure Services Limited liability company registered in Malta under company registration number C 38866.

Following the completion of the transaction, the Company, which already owns the other 50% of the total shareholding, will hold all the shares in Solutions & Infrastructure Services Limited (except for the one share to be held by a subsidiary of the Company).

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Darren Azzopardi

Company Secretary

03 August 2015