Hili Properties Plc

Major Shareholding Notification • Apr 23, 2025

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

Transfer of ownership of Shares & Notification of Major Holdings

Following the announcement of the results of the conditional voluntary public takeover offer by Hili Ventures Limited (having Maltese Company Registration Number C 57902) (the 'Offeror'), the Company announces that it has been notified by the Offeror of the following:

(i) Transfer of ownership of the shares in the Company and settlement by the Offeror

M.Z. Investment Services Limited, in its capacity as Manager, Registrar, Collecting Agent and Paying Agent, has notified the Offeror that valid acceptances for 51,749,622 shares in the Company, representing just under 12.91% of the entire issued share capital, were received by the end of the Acceptance Period (12:00 hours (CET) on March 25, 2025). These shares have been transferred to the Offeror and recorded in its name in the shareholders register of the Company at the Central Securities Depository of the Malta Stock Exchange, with effect from April 22, 2025.

The transfer of shareholding referred to above, has been made pursuant to the settlement made on April 22, 2025, of the Consideration in cash directly by the Offeror (through the Paying Agent) by bank transfer in Euro (€) to accepting Target Shareholders on the Acceptance Form, to the bank account indicated therein.

(ii) Notification of Major Holdings

In terms of the requirements of Capital Markets Rule 5.176, the Offeror also gave due notice that the proportion of voting rights held by the Offeror in the Company increased from just over 74.83% to just over 87.74% of the issued share capital, as a result of the successful conditional voluntary public takeover offer. A copy of the notification is available on the Company's website www.hiliproperties.com.

UNQUOTE

BY ORDER OF THE BOARD

Adrian Mercieca Company Secretary April 23, 2025