Tigne Mall Plc

M&A Activity • Nov 29, 2018

Ref: TML 64/2018

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by Tigné Mall plc (the "Company") pursuant to the Listing Rules issued by the Listing Authority.

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Reference is made to the company announcement issued by the Company on 11 September 2018, whereby the Company announced that the Company entered into a promise of sale and purchase agreement dated 10 September 2018 with MIDI plc, a public limited liability company registered in Malta with company registration number C-15836 and registered office at North Shore, Manoel Island, Gzira, Malta ("MIDI"). In terms of the said promise of sale and purchase agreement, MIDI promised to sell and transfer to the Company, which promised to acquire the temporary utile dominium of the remaining period of the original period of ninety nine (99) years, which commenced on the fifteenth day of June of the year two thousand (15/6/2000), by virtue of the emphyteutical grant signed between MIDI and the Government of Malta, relating to the Garage Complex, known as the T1 Car Park, which comprises 132 car parking spaces over three underground levels (the "Property"). As stated in the company announcement dated 11 September 2018, the promise of sale and purchase agreement was valid and effective up to the 30th November 2018.

The Company hereby announces that on 28 November 2018 it entered into an agreement with MIDI to extend the promise of sale and purchase agreement in respect of the Property to 15 December 2018. All other terms and conditions have remained unchanged.

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Dr Roderick Zammit Pace Company Secretary

29 November 2018