4% and 4.5% €40,000,000 Bonds issued by Shoreline Mall p.l.c. fully subscribed

Shoreline Mall p.l.c. has successfully closed the Offer period for its Bond Issue well ahead of its closing date. The bonds were fully subscribed within five days from the opening of the offer and the company expects that the bonds will be listed by end of July 2020.

Ben Muscat, the Company's chairman, said that, considering the adverse current market conditions created by the pandemic, the board of directors regarded the full subscription to the bonds in less than a week from the offer’s opening as an emphatic vote of confidence by investors in the Shoreline Mall Project.

“Our landmark development is creating a positive momentum for both commercial and residential investment in the South of Malta and in the process, will improve the quality of life in this location not least by creating significant employment opportunities,” he said.

The Shoreline Mall is designed to be the most modern and innovative mall on the island, creating a unique and sophisticated destination within SmartCity Malta. The company has, to date, concluded a large number of Letters of Intent and Expressions of Interest with representatives of major retail brands already present in Malta, as well as with representatives of a number of international fashion brands not presently in Malta.

The Mall’s brand and retail mix is continually reviewed by Shoreline Management and its retail consultants with a view of delivering a unique retail offer.

No significant retail shopping malls currently exist in the South. This is the primary target market of the Mall, given that it will be within a 15-minute drive from the most densely populated part of the Maltese Islands.

The Shoreline Mall will be offering a safe, unpolluted and child-friendly shopping experience like no other, supported by a spacious, secure and intelligent parking facility for ease of access and maximum convenience.