Malta International Airport Plc

Earnings Release • Apr 8, 2016

COMPANY ANNOUNCEMENT

Malta International Airport plc (the "Company")

Traffic Results – March 2016

Date of Announcement	08 April 2016
Reference	227/2016

QUOTE

The Company registered a staggering 13% surge in passenger movements this winter, more than double the increase in traffic seen the year before when Malta registered a 5% growth. This increase is in line with the 10% rise in seats available on the market throughout the season.

A look at the first quarter shows that the year was off to a good start, with 800,724 passenger movements between January and March. This translates to over 100,000 more passengers welcomed at Malta International Airport this year so far.

March registered an increase of 19% over the previous year. March's strong performance, with 327,524 passenger movements, partly stemmed from the Easter holiday effect. In fact, the two weeks around Easter accounted for the movement of an additional 10,000 passengers through Malta International Airport.

March brings with it a close to both the first quarter and the winter period for the aviation industry. The top five drivers of traffic to the Maltese Islands during the shoulder months were the United Kingdom, Italy, Germany, France, and Turkey.

Four of these top five markets registered varying degrees of growth due to the introduction of new routes, increased flight frequency, and a consequent growth of seat capacity. France, on other hand, experienced a drop resulting from a capacity decrease.

Last month also saw the unveiling of two new destinations, which enhance Malta's connectivity with Poland and Germany, as well as the inauguration of new airline Volotea and new routes to the United Kingdom, Hungary, and Greece.

Below is detailed information on traffic highlights by period and market data of the top five markets.

Table 1: Traffic
highlights by period
Traffic Highlights	Winter 2014/15	Winter	Q12015	Q1	Mar.	Mar. 2016
	(Nov.- March)	2015/16 (Nov. - March)	(Jan. - March)	2016(Jan. - March)	2015
Passenger movements	1,175,879	1,331,071	693,106	800,724	275,334	327,524
Aircraft movements	9,418	10,083	5,594	6,038	2,076	2,341
Seat load factor	76.30%	78.30%	75.60%	78.30%	80.40%	82.90%
Seat capacity	1,541,806	1,699,315	916,436	1,022,256	342,613	395,153
Table 2: Top 5
Market Data
Top markets	Winter 2014/15	Winter	Q1	Q1	Mar.	Mar. 2016
	(Nov.- March)	2015/16 (Nov.	2014/15	2015/16	2015
		- March)	(Jan. -	(Jan. -
			March)	March)
United Kingdom	378,098	396,553	223,362	239,730	89,074	99,166
Italy	259,686	310,549	156,398	189,897	59,523	72,843
Germany	164,998	178,695	94,484	107,567	39,862	45,192
France	61,819	58,424	36,794	34,898	14,243	14,132

UNQUOTE

Signed:

Louis de Gabriele COMPANY SECRETARY