Tigne Mall Plc

Report Publication Announcement • Apr 15, 2016

Tigné Mall plc, The Point Shopping Mall, Management Suite, Tigné Point, TP 01, Malta

T. (+356) 2065 5550 | WWW.THEPOINTMALTA.COM

Ref: TML 32/2016

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by Tigné Mall plc ("the Company") pursuant to the Malta Financial Services Authority Listing Rules.

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The Board of Directors of the Company has today met and approved the Audited Financial Statements for the year ended 31° December 2015. The Board resolved that the Audited Financial Statements be submitted for Shareholders' approval at the forthcoming Annual General Meeting (AGM), scheduled for Friday 24th June 2016. The Audited Financial Statements are available for viewing on the Company's website at www.thepointmalta.com in the Investor Relations section. The Shareholders on the Company's register at the Central Securities Depositary of the Malta Stock Exchange as at close of business on 25t" May 2016 (the Record Date) will receive notice of the AGM together with a copy of the Annual Report and Financial Statements for the year ended 31 December 2015.

The Board of Directors recommends, for approval of the AGM, the payment of a final net dividend of €705,000 (1.25 Euro cents per share). The final net dividend, if approved at the AGM, will be paid on 12" July 2016 to Shareholders on the Company's register at the Central Securities Depositary of the Malta Stock Exchange as at close of business on 24th June 2016.

The Company's profit after tax for 2015 exceeded the result projected in the initial public offering prospectus dated 2000 March 2013 by 22.2%. This was mainly a result of increased rental revenue from additional retail space commissioned during the year under review and higher turnover rents on the back of increased tenant sales. Furthermore, the cash flows generated from operations permitted accelerated loan repayments that led to savings in finance costs.

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Danjela Fenech Company Secretary

15 April 2016

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MT17560810 REG. No NO

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