MaltaPost Plc

AGM Information • Feb 12, 2018

COMPANY ANNOUNCEMENT

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

QUOTE

MaltaPost p.l.c. held its Annual General Meeting on the 9 February 2018 during which all the Ordinary as well as Extraordinary Resolutions on the Agenda were approved, namely:

ORDINARY RESOLUTIONS

• 1. To receive and approve the Audited Financial Statements and consider the Report of the Directors and of the Auditors, for the year ended 30 September 2017.
• 1. To declare a final ordinary net dividend of €0.04 per nominal €0.25 share, representing a final net payment of €1,506,189.
• 1. To re-appoint as auditors PricewaterhouseCoopers, 78 Mill Street Qormi QRM 3101 and to authorise the Board of Directors to fix their remuneration.
• 1. To appoint Directors in accordance with the Articles of Association of the Company.
• 1. To establish at €60,000 the maximum annual aggregate Directors' remuneration for the holding of their office.

EXTRAORIDNARY RESOLUTIONS (SPECIAL BUSINESS)

• 1. Memorandum of Association
  2. That a new Clause 4 xxix) shall be inserted after Clause 4 xxviii) of the Memorandum of Association, which new Clause 4 xxix) will read:

"to purchase, acquire or otherwise invest in any insurance related and/or any financial services providers."

• That a new Clause 4 xxx) shall be inserted after the proposed new Clause xxix) of the Memorandum of Association which new Clause 4 xxx) will read:

"to carry out any activity or service contemplated under the Financial Institutions Act (CAP 376), the Investment Services Act (CAP 370) and the Banking Act (CAP 371).

• That the current text of Clause 6 of the Memorandum of Association be deleted and replaced by the following:

"6 The Board of Directors of the Company shall consist of a maximum of seven (7) Directors who shall be appointed as provided for in the Articles of Association."

7. Articles of Association

• That the current text of Article 100(ii) of the Articles of Association be deleted and replaced by the following:

• "100 An extraordinary resolution shall be a resolution which complies with Article 135 of the Act, namely a resolution which:

  • (ii) has been passed by a member or members having the right to attend and vote at the meeting holding in the aggregate not less than seventy five per cent (75%) in nominal value of the equity securities represented and entitled to vote at the meeting and at least fifty one per cent (51%) in nominal value of all the equity securities entitled to vote at the meeting."
  • That the first sentence of Article 110 of the Articles of Association be deleted and replaced by the following:

"110 Unless the Company in general meeting shall otherwise determine, the Board of Directors shall be made up of a maximum of seven (7) directors, appointed as follows:"

• That the current text of Article 119 of the Articles of Association be deleted and replaced by the following:

"119 The quorum necessary for the transaction of the business of the directors is four (4). A person who holds office only as an alternate director shall be counted in the quorum.

Furthermore, since only two persons were nominated for election as Directors, Messrs David P Attard and Paul Muscat were automatically elected as Directors.

Following upon the above Annual General Meeting the Board of Directors of MaltaPost p.l.c. is made up as follows:-

Mr Joseph Said (Chairman) Mr David P Attard Mr Eugenio Farrugia Mr Paul Muscat Mr Aurelio Theuma

UNQUOTE

Graham A. Fairclough Company Secretary

12 February 2018