Grand Harbour Marina p l c : Publication of Financial Analysis Summary 2023

COMPANY ANNOUNCEMENT

GRAND HARBOUR MARINA P.L.C.

(THE "COMPANY")

Publication of Financial Analysis Summary 2023

Date of Announcement	16 June 2023
Reference	202/2023
Capital Markets Rule	5.16

This is an announcement being made by the Company in compliance with Chapter 5 of the Capital Markets Rules:

QUOTE

The Financial Analysis Summary for 2023 is available and can be accessed on the Company's website https://en.cnmarinas.com/grand-harbour-marina/notification-publication/

A copy of such Financial Analysis Summary is also attached herewith.

UNQUOTE

Signed:

________________________

Louis de Gabriele Company Secretary

The Board of Directors

Grand Harbour Marina plc

Vittoriosa Wharf,

Vittoriosa, BRG 1721,

Malta

16 June 2023

Dear Sirs,

Grand Harbour Marina plc - Financial Analysis Summary (the "Update FAS")

In accordance with your instructions and in line with the requirements of the MFSA Listing Policies, we have compiled the Update FAS set out on the following pages and which is being forwarded to you together with this letter.

The purpose of the Update FAS is that of summarising key financial data appertaining to Grand Harbour Marina p.l.c. (the "Company" or "GHM"). The data is derived from various sources or is based on our own computations as follows:

1. Historical financial data for the three years ended 31 December 2020 to 2022 has been extracted from the
   Company's audited statutory financial statements for the three years in question, as and when appropriate;
2. The forecast data for the financial year ending 31 December 2023 has been provided by management of the Company;
3. Our commentary on the results of the Company and on the respective financial position is based on the explanations provided by the Company;
4. The ratios quoted in this report have been computed by us applying the definitions as set out and defined within the Update FAS; and
5. Relevant financial data in respect of competitors as analysed in Part D has been extracted from public sources such as the web sites of the companies concerned and the respective financial statements filed with the Registry of Companies.

The Update FAS is meant to assist potential investors by summarising the more important financial data of the Company. The Update FAS does not contain all data that is relevant to potential investors and is meant to complement, and not replace, financial and/or investment advice. The Update FAS does not constitute an endorsement by our firm of the securities of the Company and should not be interpreted as a recommendation to invest. We shall not accept any liability for any loss or damage arising out of the use of the Update FAS and no representation or warranty is provided in respect of the reliability of the information contained in this report. As with all investments, potential investors are encouraged to seek professional advice before investing.

Yours sincerely,

Vincent E Rizzo

Director

FINANCIAL ANALYSIS SUMMARY

Update 2023

Prepared by Rizzo, Farrugia & Co (Stockbrokers) Ltd, in compliance

with the Listing Policies issued by the Malta Financial Services Authority,

dated 5 March 2013, as revised on 13 August 2021.

16 June 2023

TABLE OF CONTENTS

LIST OF ABBREVIATIONS

IMPORTANT INFORMATION

PART A	BUSINESS & MARKET OVERVIEW UPDATE
PART B	FINANCIAL REVIEW
PART C	LISTED SECURITIES
PART D	COMPARATIVES
PART E	GLOSSARY

FAS Update - 2023

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LIST OF ABBREVIATIONS

BOT	Build, Operate and Transfer agreement entered between IC Cesme
	Marina Yatirim, Turizm vs Isletmeleri Anonim Sirketi ("IC Cesme") and the
	Turkish Ministry of Transportation, which agreement expires in 2067
CNMIL	Camper & Nicholsons Marina Investments Ltd
CNML	Camper & Nicholsons Marinas Limited
MGS	Malta Government Stock
PPE	Property, Plant and Equipment

FAS Update - 2023

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