PG Plc

Regulatory Filings • Dec 15, 2017

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by PG p.l.c. pursuant to the Malta Financial Services Authority Listing Rules:

Date of Announcement 15 December 2017 Reference 009/2017

Planning Authority approval of Alhambra Property Development

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The Board of Directors of PG p.l.c. is pleased to announce that at a meeting held earlier on today, the Board of the Planning Authority has unanimously approved a permit (PA4657/17) for the building of additional floors at the Zara and Zara Home store at the Alhambra Complex in Sliema. This development will result in a new store spread over seven floors and is going to house two floors of ladies' wear, one floor of men's wear, one floor of kids' wear and one floor of Zara Home apart from stores and other facilities.

The enlargement of Alhambra Complex is expected to commence in January 2018 and is scheduled to be completed by the end of the year. The project will necessitate the closure of the existing store for a brief period in Autumn 2018. The design has been entrusted to the architectural team of Inditex Group in Spain.

The Board of Directors is also pleased to announce that it will open another Zara Home store at the PAVI Shopping Complex in Qormi. This store which will be around 500 square meters is expected to open for the public in April 2018.

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Dr Fransina Abela Company Secretary

15 December 2017 PG GROUP, HEAD OFFICE, PAMA SHOPPING VILLAGE, VALLETTA ROAD, MOSTA, MST 9017, MALTA

ZARA