Malita Investments plc – Interim Directors’ Statement

Malita Investments p.l.c. announced that for the period between the May 22, 2013 and November 20, 2013, the performance of the Company was within that projected except for the recognition of a fair value gain movement in the Company's investment property amounting to €4,096,624 as reflected in the condensed Interim Financial Statements. The recognition of this fair value gain movement is a result of the movement in the discount rate used to discount cash flows which is based on the yield to maturity of the longest term Malta Government Stock ("MGS") in issue at the time when the prospectus was published plus a premium reflecting the risk inherent in the underlying cash flows. Consequently, in view of a variation in the MGS used for this purpose, the directors have determined that the resulting discount rate duly reflects this variation which has resulted in the recognition of the aforementioned fair value gain movement.

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