Hili Properties Plc — M&A Activity 2022

Aug 4, 2022

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by Hili Properties p.l.c. (the "Company") pursuant to the Capital Markets Rules issued by the Malta Financial Services Authority in accordance with the provisions of the Financial Markets Act (Chapter 345 of the Laws of Malta), as amended from time to time.

QUOTE

The Company is pleased to announce that it has acquired 75% of the issued share capital of Baneasa Real Estate S.R.L., owner of MIRO Office Building in Bucharest. The Company has also agreed to enter into an SPA for the acquisition of the remaining 25% in 2 years' time.

MIRO is a newly built A Class mixed-use property developed in the Baneasa area, with approx. 23,000 sqm of leasable area spread out over 5 levels and with a 1,700 sqm outdoor plaza. It features a convenient location, right on DN1 National Road of Bucharest, providing direct access to the city centre, the northern business hubs and the airport.

MIRO was built with a focus on the well-being of its occupants, and sustainability, as evidenced by its BREEAM "Excellent" and WELL "Platinum" certifications. It has an extensive list of reputable companies as tenants, such as KPMG, ROVERE, COS, CEGEKA, EATON, NEOCLINIQUE, SPEEDWELL, STRADALE/MITZU, JURA and HISKY. This investment is a testimony of our vision to make positive impact on the communities in which we invest through sustainable buildings.

This asset in Romania increases the Company's portfolio from €173.8 million to €234.2 million and extends the total leasable area to approx. 119,000 sqm across 23 properties.

UNQUOTE

BY ORDER OF THE BOARD

Mr. Adrian Mercieca Company Secretary 04 August 2022