Santumas Shareholdings Plc

AGM Information • Oct 30, 2017

Santumas Shareholdings plc

Amalgamated

with Marsascala Development Limited, Santumas Contractors Limited and Calpabrin Properties (Investments) Limited

Britannia House 1, 9 Old Bakery Street, Valletta VLT 1450, Malta G.C. Telephones: (+356) 2123 1492 · 2125 0345 · 2122 1074 · Fax: (+356) 2123 9279 E-mail: santumas@maltanet.net · Web: www.santumasmalta.com

Company Announcement

The following is a Company Announcement by Santumas Shareholdings plc pursuant to the Malta Financial Services Authority Listing Rules:

QUOTE

Santumas Shareholdings plc announces that the Fifty Fourth Annual General Meeting held on Friday 27th October 2017 approved all the resolutions on the agenda, namely:

ORDINARY RESOLUTIONS

• 1. That the Annual Report and Financial Statements of the Company for the year ended 30th April 2017 comprising the Financial Statements and the Directors' and Auditors' Report thereon, be hereby received and approved.
• 1. That the appointment of Auditors to the Company be hereby approved and the Board of Directors be hereby authorised to establish their remuneration.

ORDINARY RESOLUTIONS - SPECIAL BUSINESS

4 (i) That with effect from Monday 4th December 2017, the text of the current clause 5(B) of the Memorandum of Association is deleted and substituted by the following text:

Santumas Shareholdings plc

Amalgamated

with Marsascala Development Limited, Santumas Contractors Limited and Calpabrin Properties (Investments) Limited

Britannia House 1, 9 Old Bakery Street, Valletta VLT 1450, Malta G.C. Telephones: (+356) 2123 1492 · 2125 0345 · 2122 1074 · Fax: (+356) 2123 9279 E-mail: santumas@maltanet.net · Web: www.santumasmalta.com

The issued and fully paid up capital is € 1,825,525.05 divided into 6,649,182 ordinary shares of a nominal value of €0.275 each.

• 4 (ii) (a) That on Monday 4th December 2017 the amount of € 609,508.35 from the Company's reserves is capitalised for the purpose of a bonus issue of 2,216,394 fully paid ordinary shares of a nominal value of €0.275 per share, representing 1 bonus share for every 2 shares held, to be allotted to the members appearing on the Register of Members of the Malta Stock Exchange as at the close of business on the 400 December 2017(Eligible Members), thereby increasing the issued share capital from the current 4,432,788 shares to 6,649,182 shares of € 0.275 each fully paid up, resulting in a paid up capital of € 1,825,525.05.
• 4 (ii) (b) Since the allocation ratio of bonus shares to registered shares held by the eligible member is 1 bonus share for every 2 shares held, in the allocation process the Company shall, where the number of shares held by the Eligible Member is not exactly divisible by 2 , round up the allocation to the nearest share whenever the mathematical result of the allocation formula contains a fractional entitlement which is of 0.5 of a share or more, and round down to the nearest share in the event that the mathematical result of the allocation formula contains a fractional entitlement which is of less than 0.5 of a share.

UNQUOTE

Michael Formosa Gauci Company Secretary

30th October 2017