21st Annual General Meeting Held || "Investment, Quality And Commitment Behind Our Success" - Chairman

Welcoming the shareholders at the Company’s 21st Annual General Meeting (AGM), Malta Airport Chairman Michael Hoeferer said that 2012 has been a remarkable year, from both the financial and passenger traffic perspectives - achievements that have enabled the Company to face the current challenges and strategically plan the years ahead.

The Annual General Meeting of Malta International Airport plc was held earlier today, during which, the Financial Statements of the Company for the financial year which ended 31st December 2012, were approved. The shareholders also approved a total dividend for 2012 of €0.070 net per share, which represents a total gross payment of €14,570,769.

Mr Hoeferer referred to the three key issues behind the success achieved by the Company in recent years, which have been the ongoing investment, the focus on quality and overall commitment in achieving the preset aims. He added that “in a volatile industry such as ours, investment is crucial to sustain growth, and to this effect we have invested tremendously within the Terminal, airfield and most recently SkyParks Business Centre, which has taken our diversification strategy to new heights.”

In concluding, the Chairman thanked the management and staff for their dedication, insisting that “the fact that Malta Airport has consistently ranked among the top five European Airports – including last year’s second place in the Airport Service Quality (ASQ) Survey by the Airports Council International (ACI), is a key indicator of our commitment to quality and to continue on this path.”

In his Review for the year, Chief Executive Officer, Markus Klaushofer highlighted the Financial Results of the Company as well as the major achievements in the Airport Segment and the Retail & Property Segment.

With regards to the traffic results in 2012, Mr Klaushofer referred to the increase of 4.1% in passenger movements when compared to 2011, with total number of passengers reaching the record figure of 3.65 million.

When discussing the Retail & Property Segment he stated that revenue for this Segment achieved a growth of 11.8% countering the decrease of 2.3% registered in the Airport Segment. The aim is to consolidate these results with the first full year of operation of SkyParks Business Centre.

Mr Klaushofer said that the investment carried out by the Company to continue to attract airlines to start operating to Malta is reaping the desired results, and although this contribution has increased over the last years – through its Airline Incentive Scheme – the Company has managed to maintain a healthy and sound financial position.

“Indeed, this is reflected in the performance of our equity on the Malta Stock Exchange, recently leading to highest share price ever recorded. It is reassuring for us to see that the market is reacting positively to the way we are managing our Airport,” he added.

The CEO concluded by saying that the company is committed to a viable future and highlighted the contributions which the Company makes to the national economy and to the crucial role the airport plays in the tourism industry of the Maltese Islands. He thanked the staff for their commitment and hard work, the company’s stakeholders for the excellent cooperation, as well as the shareholders for their ongoing support.

The new Board of Directors was appointed in accordance with the Articles of Association of the Company. The following Directors were confirmed in office for another term: Mr Michael Bianchi, Mr Michael Hoeferer, Mr Nikolaus Gretzmacher and Dr Yousef Sabeh as non-executive Directors; together with CEO Markus Klaushofer, Deputy CEO & CFO Austin Calleja and CCO Alan Borg as executive Directors. The Government of Malta appointed Mr Alfred Quintano as non-Executive Director, replacing Ms Jackie Camilleri, whose term of office came to an end at this Annual General Meeting.