Malta International Airport Plc

Report Publication Announcement • Feb 14, 2022

COMPANY ANNOUNCEMENT

Malta International Airport plc (the "Company")

January Traffic Results

Date of Announcement 14 February 2022 Reference 360/2022 In terms of the Capital Market Rules

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JANUARY 2022 COMPARED TO PREVIOUS YEARS

January traffic through Malta International Airport increased fourfold over the same month in 2021. However, last month's passenger numbers remained 62 per cent below pre-pandemic levels (2020), as the effect of restrictions introduced across Europe towards the end of last year rippled into 2022.

The average seat load factor (SLF) for January stood at 55.7 per cent, indicating that just over half the seats available on flights operated to and from Malta International Airport were occupied throughout the month.

TOP MARKETS

These flights carried a total of 159,357 passengers, with January's top drivers of traffic being Italy, the United Kingdom, Poland, Germany and France.

From among the top five markets, France had the strongest recovery rate over 2020. Poland, on the other hand, was the only top market to register growth compared to 2020.

While Poland has featured regularly in Malta International Airport's monthly market leaderboards since 2018, it is the first time that the market has outperformed both Germany and France to rank third. Poland's excellent performance stemmed from the operation of the Warsaw Modlin route in January and strong seat load factors registered across Malta International Airport's seven Polish routes.

Prior to 2019 a lot of strategic effort by Malta International Airport and the local toursim authorities had been put into stimulating growth from the Polish market, as bigger legacy markets, including the United Kingdom and Italy, were reaching maturity.

OUTLOOK

The rest of the first quarter of 2022 is expected to be challenging. However, the recent easing of restrictions in important source markets for Malta International Airport and the coming into force of the new intra-EU/EEA regime are expected to gradually restore normality in relation to air travel over the coming months.

In a statement released jointly by Airports Council International (ACI) and the International Air Transport Association (IATA) on 1 February 2022, the two organisations urged the governments of five countries, including Malta, to "abandon unnecessary and damaging restrictions" and align their requirements with the common EU framework.

Malta International Airport would like to echo this appeal for requirements that facilitate travel and put Malta on an equal footing with similar Mediterranean destinations in time for the upcoming summer season.

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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%).