Malta International Airport Plc

Earnings Release • Apr 5, 2019

COMPANY ANNOUNCEMENT

Malta International Airport plc (the "Company")

MALTA INTERNATIONAL AIRPORT HOSTS MORE THAN 2 MILLION PASSENGERS IN WINTER

Date of Announcement 05 April 2019

Reference 300/2019

In terms of Chapter 5 of the Listing Rules

QUOTE

More than two million passengers passed through Malta International Airport during the winter months; from November until March. This led the company to post growth of 5.9 per cent in traffic over the same comparable stretch last year.

This growth in passenger numbers was observed in line with an 8.1 per cent increase in aircraft movements and a 7.6 per cent increase in seat capacity. Seat load factor (SLF) for the season stood at 76.0 per cent.

The airport's enhanced winter flight schedule was an important factor in the attainment of these positive traffic results which, yet again, serve to highlight that the Maltese islands are becoming an increasingly popular destination in the off-peak months, in line with the tourism strategy to mitigate seasonality.

"Having an extensive route network is crucial in securing year-round traffic, but it is the unceasing efforts of our people which ensure that we can continue to provide safe and delightful airport journeys to an ever-increasing number of passengers. Whilst thanking the MIA team and all airport stakeholders for their contribution to what has been a good winter, I encourage everyone to keep up the excellent work in the summer months ahead," said Malta International Airport CEO Alan Borg.

New developments and better frequencies on several routes, introduced by the winter schedule, led all of Malta International Airport's top five markets, with the exception of Germany (-2.9 per cent), to experience growth. While the United Kingdom and Italy registered modest growth rates of 0.3 per cent and 3.3 per cent respectively, at 14.7 per cent and 63.1 per cent, France and Spain registered more substantial increases.

Outside the top five drivers of traffic, other markets that performed exceptionally well included Slovakia, Portugal and Estonia. The results achieved by these three markets can be attributed to the operation of the Bratislava, Porto and Lisbon, and Tallinn routes in the winter months for the first time.

Bringing winter to a close, March registered an increase of 1.3 per cent in passenger movements. This modest increase is mainly due to the fact that the Easter holiday effect occurred in March last year.

Having just launched its new summer schedule, which features several new destinations and the start of operations of a new airline, and its Cruise and Fly Programme, Malta International Airport is now looking ahead to even busier days.

UNQUOTE

Signed: Louis de Gabriele

COMPANY SECRETARY

About Malta International Airport

Malta International Airport connects the Maltese archipelago to over 100 destinations in more than 30 countries. Being Malta's only air terminal, the airport hosts more than six million passengers annually, of which the majority are inbound tourists. To be able to cater for an ever-increasing number of passengers, the company has consistently invested in the terminal since the airport's privatisation in 2002, with the Terminal Reconfiguration Project set to be completed in 2018 bringing about the most recent overhaul. The airport campus itself has grown to provide over 1,500 parking spaces, and 14,000m² of office and retail space housed within SkyParks Business Centre, with projects in the offing set to bring about further expansion. The airport team is guided by a vision of service excellence, which has landed MIA among the top five airports in ACI's prestigious Airport Service Quality Awards for the past nine years. To maximise its contribution to Malta's cultural heritage and environment, MIA set up the Malta Airport Foundation, an independently run non-profit organisation, which will be unveiling three projects in 2018.

Malta International Airport plc is a public company listed on the Malta Stock Exchange, with its shareholders being the Malta Mediterranean Link Consortium (40%), with Flughafen Wien AG owning a 96% share, the Government of Malta (20%), the general public (29.9%), and VIE Malta Limited (10.1%).

For more information, visit www.maltairport.com. Alternatively, follow us on Facebook (facebook.com/maltairport).