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MaltaPost Plc

M&A Activity • Jun 11, 2019

2056_rns_2019-06-11_b57ab557-b932-42ae-8f3c-e5827b3e41d1.pdf

M&A Activity

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COMPANY ANNOUNCEMENT

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

QUOTE

"MaltaPost plc (the Company) has in the past publicly intimated its interest in pursuing an involvement in the insurance sector. In this regard the Company hereby announces that it has entered into an agreement with APS Bank plc, Atlas Insurance PCC Ltd and GasanMamo Insurance Limited to form a limited liability company which, subject to the relevant regulatory approvals, would be registered as an insurance company to carry out the business of life insurance. Each participant will hold twenty five per cent of the equity of the proposed company.

The Company considers this development as positively significant and one that stands to benefit all the Company's stakeholders not least the community at large."

UNQUOTE

Graham A. Fairclough Company Secretary

11 June 2019