During an extraordinary board meeting held on April 22, 2020, the board of directors of Malta International Airport plc conducted a comprehensive assessment of the impact that the COVID-19 outbreak has had on the company and its business thus far, and the likely impact this crisis will have going forward. Uncertainty regarding the duration of this unprecedented situation and the scenario that is expected to emerge following a return to normality, compound the difficulties in planning the way forward. In the context of the current situation, the directors have re-considered their original recommendation for the payment of a final net dividend to shareholders of EUR 0.10 cents per share, announced on the 26 February 2020. Having evaluated the overall position, the board of directors believes that with a view to manage the company's cash reserves in a moment of severe curtailment of revenue generation, and of maintaining the company's organizational set-up and structures in a state that would be able to recover immediately once the situation normalises, it is prudent to withdraw its recommendation for the declaration of a dividend, over and above the interim dividend already paid by the Directors in September 2019.