Plaza Centres Plc

Board/Management Information • May 21, 2012

Company Announcement

Interim Directors' Statement

Date of announcement	21 May 2012
Reference	PZC85/2012

The following is a company announcement issued by Plaza Centres plc pursuant to the Malta Financial Services Authority Listing Rules 5.86 et seq:

QUOTE

The Company announces that since January 1st 2012 and the date of this announcement the financial position of the company maintained a satisfactory level of performance in line with the Directors' expectations.

Compared with the same period last year, profitability increased whilst expenses were maintained at a lower level. Occupancy levels for the period remained high although this may reduce at the end of August 2012 following the lease termination of an office tenant. The company is negotiating new lease contracts for this area and anticipates reaching an agreement before end August 2012.

No further material events or transactions have taken place which would have an impact on the financial position of the Company, such that they would require specific mention, disclosure or announcement in terms of the applicable Listing Rules.

Subject to any unforeseen circumstances, the Directors expect the company's financial results for the year to be within the projections prepared at the beginning of the year.

UNQUOTE

Lionel A.Lapira Company Secretary