MIDI Plc

Legal Proceedings Report • Jun 8, 2025

Company Announcement

The following is a Company Announcement issued by MIDI p.l.c. ("MIDI" or the "Company") pursuant to the Capital Markets Rules of the Malta Financial Services Authority ("MFSA").

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MIDI committed to find a solution for Manoel Island to revert to Government

MIDI plc ("MIDI" or the "Company") acknowledges that recent public statements by Government have amplified calls for a review of the Manoel Island project's future. While MIDI asserts that it remains fully compliant with its obligations under the existing Deed of Emphyteusis, the Company nonetheless confirms that it is prepared to engage in constructive discussions with the Government, guided by a commitment to protect public interest and the Company's shareholders and bondholders.

MIDI recognises that Government has underscored its desire to convert Manoel Island into a national park. In light of this shift in Government's policy direction, the Company is open to reaching an agreement that reflects current national priorities which are clearly different from those prevailing when the concession was granted.

MIDI is committed to continue to act in good faith to find a solution in order to implement Government's stated objective for Manoel Island to revert to Government.

The Company will keep the market informed of any material developments in a timely and transparent manner.

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By order of the Board

MIDI plc

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Catherine Formosa Company Secretary Date: 8th June 2025