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COMPANY ANNOUNCEMENT: Planning Authority votes against Trident Park Development 09/11/2017

The following is a Company Announcement by Simonds Farsons Cisk plc pursuant to Malta Financial Services Authority Listing Rule 5.13.

Planning Authority votes against Trident Park Development

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The Board of Directors of Simonds Farsons Cisk plc regrets to announce that at a meeting held on Thursday, 9 November 2017, the Board of the Planning Authority has voted against the recommendation of the Planning Directorate for the approval of permit PA02523/16 for the creation of a business park along Mdina Road, Mriehel that consisted of International Grade A offices with landscaped courtyards and a naturally ventilated multi-level car parking facilities. The development was earmarked to complement the rehabilitation of the Old Brewhouse that sought to restore and convert the industrial space and included a Visitor Centre Experience with supporting food and other retail outlets, flexible workspace and additional amenities.

The Board of Directors will be meeting within the next 24 hours to consider the implications of this unexpected decision by the Planning Authority Board.

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Antoinette Caruana
Company Secretary