Malta International Airport Plc

Earnings Release • Jul 9, 2020

COMPANY ANNOUNCEMENT

Malta International Airport plc (the "Company")

Mid Year Traffic Report

Date of Announcement 09 July 2020 Reference 329/2020 In terms of Chapter 5 of the Listing Rules

QUOTE

A look at the first half of 2020 shows that traffic through Malta International Airport totalled 1,017,850 passenger movements, translating into a drop of 68.7 per cent over the same comparable period last year.

The year was off to a strong start, with the months of January and February registering double-digit growth of 14.2 per cent and 17.3 per cent respectively.

However, a diminishing demand for air travel resulting from Covid-19 observed at the beginning of March followed by the coming into effect of a travel ban closer to the end of the month, ushered in a most challenging quarter for Malta International Airport.

During the second quarter, just over 8,700 passengers arrived in Malta or left the island on one of 311 humanitarian flights operated as commercial air traffic stood still. 3,348 passenger movements of this total were registered in June.

"The way ahead remains fraught with challenges, but we enter this restart period with determination to continue working with all our stakeholders on boosting passenger confidence and gradually restoring our air connectivity over the coming years, which will be critical in supporting the island's economic recovery," said Malta International Airport CEO Mr Alan Borg.

Since announcing its first 17 airport connections for the summer season back in June, Malta International Airport has regularly updated its flight schedule to reflect the most recent developments.

At present, this schedule offers direct flights to 49 airports in 13 European countries, with more connections expected to be added in the coming days as Malta International Airport continues to rebuild its route network.

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. The Company has consistently invested in the terminal since the airport's privatisation in 2002, with the Terminal Reconfiguration Project 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, such as the Terminal Expansion Project, set to bring about further expansion. The airport team is guided by a vision of service excellence, which led MIA to clinch the title Best Airport in Europe for two consecutive years. To maximise its contribution to Malta's cultural heritage and environment, MIA set up the Malta Airport Foundation in 2014: an independently run non-profit organisation.

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%).