Two extraordinary resolutions (a and b respectively) were presented to the Meeting.

In terms of Clause 135 of the Companies Act (Cap 386), and the proviso to Article 48B.2(b) of the Articles of Association of the Company, the required majority for the purposes of this Meeting was not less than 75% in nominal value of the shares represented and entitled to vote at the Meeting, or if more than half in nominal value of all the shares having the right to vote at the meeting was represented at the Meeting, a simple majority in nominal value of such shares so represented shall suffice.

The number of shares represented and entitled to vote at this Meeting corresponded to 17.22% of total shares entitled to vote at the Meeting, of which 100% voted in favour of extraordinary resolution a (Authority to issue and allot shares for payment in kind) and 99.97% voted in favour of extraordinary resolution b (Authority to acquire own shares). Therefore:

• Authority to issue and allot shares for payment in kind approved;

• Authority to acquire own shares approved.

By order of the Board

Sarah Grima
Company Secretary