Hili Properties Plc

M&A Activity • Aug 2, 2024

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

Reference is made to the Company Announcement, which was published on December 23, 2022, whereby the Company announced that it had entered into a Share Purchase Agreement for the acquisition of the remaining 25% of the issued share capital in Baneasa Real Estate S.R.L., the company which owns and operates the MIRO Office Building in Bucharest, Romania by August 2024.

The Company is pleased to announce that this acquisition was completed, and Hili Properties is the owner of 100% of the shares in Baneasa Real Estate S.R.L. effective August 1, 2024.

MIRO was built in 2021 as a Class A mixed-use property with approx. 23,000 sqm of leasable area spread over 5 levels, with a 1,700 sqm outdoor plaza. It is fully occupied, housing prestigious global brands. Situated in the Baneasa area in the north of Bucharest, the building is strategically located in a commercial district just 10 minutes from Bucharest International Airport. It was built with a focus on sustainability and the well-being of its occupants, as evidenced by its BREEAM "Excellent" and WELL "Platinum" certifications.

UNQUOTE BY ORDER OF THE BOARD

Adrian Mercieca Company Secretary 02 August 2024