Plaza Centres Plc — AGM Information 2022

Jun 23, 2022

Company Announcement

Plaza Centres plc (the "Company")

Annual General Meeting Held

Date of announcement 23 June 2022

Reference PZC 230/2022

In Terms of Chapter 5 of Capital Market Rules

QUOTE

Annual General Meeting

At the 22nd Annual General Meeting of the Company held yesterday the 22 June 2022, the shareholders considered and approved the following resolutions:

Resolutions

1. That the Annual Report for the financial year ended 31 December 2021, including the financial statements for the year ended 31 December 2021 and the Directors' and Auditors' Reports thereon be and is hereby received and approved.

2 That a net dividend of €0.0235 per share, which represents a net amount of €600,000 as recommended by the Directors be and is hereby approved.

1. That PricewaterhouseCoopers be and are hereby re-appointed as Auditors of the Company and that the Board of Directors be and is hereby authorised to determine their remuneration.

2. That the Remuneration Report published as part of the Annual Report be and is hereby approved¹

3. That the aggregate emoluments of Directors be and is hereby changed so that the fixed remuneration of the Directors be increased from €80,000 to €96,000 per annum, and the cap of €60,000 of the variable bonus be reduced to €44,000, accordingly retaining the maximum remuneration of Directors between the two (2) components at €140,000; and

That the remuneration policy be updated accordingly.

¹An advisory vote means a non-binding vote which makes heard the general opinion of shareholders in regard to the issue at hand

Appointment of Directors

The term of office of the Directors currently in office expired at the Annual General Meeting. In line with the requirements of Article 56.3 of the Articles of Association, the Company issued adverts calling for the nomination of persons to be appointed Directors. The Company received four (4) valid nominations for the appointment of Directors from Prof. Emanuel P. Delia, Mr. Charles J. Farrugia, Mr. Brian R. Mizzi and Mr. Gerald J. Zammit. In addition, Mr. Alfredo Munoz Perez and Mr. Etienne Sciberras are appointed as Directors of the Company for the forthcoming year by shareholders owning 14% or more of the Company's voting rights pursuant to Article 55 of Plaza Centres p.l.c.'s Articles of Association. Pursuant to the Company's Articles of Association, since there are as many nominations as there are vacancies, no election will take place and these nominees will be automatically appointed as Directors in accordance with Article 56.5(a) of the Articles of Association. Accordingly, no resolution was required at this meeting.

Signed:

Louis de Gabriele Company Secretary