MIDI Plc

Legal Proceedings Report • Jun 18, 2020

Company Announcement

The following is a Company Announcement issued by MIDI p.l.c. ("MIDI" or the "Company") pursuant to the Listing Rules issued by the Listing Authority.

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Manoel Island

Reference is made to the decision by the Environment & Planning Review Tribunal ("EPRT") published on 17th June 2020, wherein the EPRT concluded that there was a breach in the Environment Impact Assessment ("EIA") in respect of the revised Outline Development Permit for Manoel Island (PA9407/17) which had been approved by the Planning Authority ("PA") on the 20th March 2019.

The EPRT decided that a fresh EIA must be submitted by the Company to the Environment Resources Authority ("ERA") in order for the PA to reconsider the application.

The Company remains fully committed to the Manoel Island project and the development of the site as contemplated in the deed of emphyteusis entered into with Government on the 15th June 2000. The Company will keep the market updated with any developments as they arise in accordance with its regulatory obligations.

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Catherine Formosa Company Secretary

18th June 2020