GO Plc

Related Party Transaction • Feb 24, 2012

COMPANY ANNOUNCEMENT

The following is a Company announcement issued by GO p.l.c. ("the Company") pursuant to Malta Financial Services Authority Listing Rules.

Quote

The Company announces that it has reached an agreement with the Government of Malta ('GOM') to transfer eleven properties, collectively referred to as the "GOM Properties", from the Government of Malta to the Company. The agreement is subject to the approval of Parliament. The GOM Properties are currently occupied by the Company and are required for the Company's core operations. However to date the Company did not have full and proper legal title to the GOM Properties. The GOM Properties which are to be transferred are:

• 1. The three sites without official number situated in Birkirkara, in the district known as "Tal-Brieqex", which sites form part of the complex known as the 'Birkirkara Exchange';
• 1. The site without official number, known as the 'Ex-Zebbug Exchange', situated in Triq in-Newl corner with Triq il-Watar in the Housing Estate at Zebbug, Malta;
• 1. The site without official number, known as the 'Mosta Exchange', situated in an unnamed road which abuts onto Vjal il-Labour in the Mosta Technopark at Mosta;
• 1. The site without official number situated at Naxxar in triq Hal Gharghur, which site forms part of the complex known as the 'Naxxar Radio Link';
• 1. The site without official number situated at Sliema in Triq Parisio and Triq Moroni, which site forms part of the complex known as the 'Sliema Exchange';
• 1. The site without official number, known as the 'Saint Paul's Exchange', situated in Triq San Gorg at San Pawl il-Bahar;
• 1. The site without official number, known as the 'Xemxija Training Centre', situated in Triq Ghajn Tuffieha at San Pawl il-Bahar;
• 1. The site without official number, known as the 'Mtarfa Radio Link', in Triq San David, Mtarfa, limits of Rabat, Malta;
• 1. The site without official number, known as the 'Zurrieq Satellite Exchange', situated within the grounds of the Government school in Triq Dun Guzepp Zammit at Zurrieq and accessible from the aforesaid street through a passage that passes through the school grounds;
• 1. The site without official number, known as the 'Marsascala Satellite Exchange', situated within the grounds of the Government school in Triq Dun Frans Bianco at Marsascala and accessible from the afore said street through a passage that passes through the school grounds;
• 1. The site without official number situated at Zejtun, which site forms part of and is accessible from the complex known as the 'Zejtun Engineering Complex'.

The Company further announces that in exchange for the GOM Properties, the Company will transfer to the GOM the full ownership and all rights pertaining to or on the land situated in Qawra, limits of Saint Paul's Bay. The market value of the transaction is thirteen million eight hundred and nine thousand Euro (€13,809,000).

Unquote

Dr. Francis Galea Salomone LL.D. Company Secretary

24th February 2012