The first Annual General Meeting of MaltaPost p.l.c., since the Company’s listing on the Malta Stock Exchange, was held on Thursday 20th November 2008 at the Grand Hotel Excelsior, Floriana.

Shareholders had been informed that the Annual General Meeting for 2008 was being held mainly to satisfy statutory requirements. Another Annual General Meeting is scheduled to be held on the 17th February 2009 when the Audited Financial Statements of the Company for the year ended September 2008 will also be presented.

The company Chairman Joseph Said addressed shareholders present by highlighting the main events of 2008 amongst which was the Initial Public Offering which saw Government divest 40% of its holding and which offering was several times oversubscribed.

He then proceeded to give an overview of the Company’s performance throughout the year ended 30th September 2008 confirming that the Company had not experienced any material events or transactions that would have an impact on the financial position of the Company to an extent that would require specific mention or disclosure in terms of Listing Rules nor was there reason to believe that the objectives set for the year ended September 2008, as specified in the Prospectus issued by Government in relation to the I.P.O., will not be met.

Mr Said dwelt on the core activities of MaltaPost p.l.c., as well as its intended expansion into new areas, such as financial services. After the floatation on the Malta Stock Exchange, Lombard Bank Malta p.l.c. acquired a further 3.8% stake in the postal operator taking its majority shareholding to 63.8%. This was to be interpreted as a continued expression of confidence in MaltaPost by Lombard Bank.

Messrs. David Stellini and Philip A Tabone were re-appointed as Directors and together with Joseph Said (Chairman), Joseph Azzopardi and Aurelio Theuma form the Board of Directors of MaltaPost p.l.c.

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