3rd November 08

The original shareholders of the Group

From left:

Natalino Debono

Raymond Debono

Silvio Debono (Group Chairman)

Guido Debono1991

It all started way back in

the early 80’s with the

acquisition of the old

Pot of Gold and a 9

room guesthouse.

Pot of Gold in the 80’s

1984

The early nineties was

characterised by a strategic

decision to transform the

company into a leading group in

the hospitality industry. Initially

the Seabank Hotel comprised

80 twin rooms, a pizzeria, pool

bar, restaurant and lounge bar

facilities.

Seabank Hotel - Phase 1

1992

In late 1993 the Group acquired the Tunny Net complex, which is strategically located on the water’s edge some 200 metres away from the Hotel. During 1994/95, the building was completely demolished and a new complex constructed, comprising an a la carte restaurant, pub, disco club, beach lido and water sports facilities.

Tunny Net Complex

1993/94

In line with the Group’s

expansionist strategy, the Porto

Azzurro complex was acquired

in 1995. It incorporates a 99

room aparthotel complex

supported with various

amenities. During 1998, a

further 25 hotel rooms were

added to this complex. Part of

this complex is today offered on

timeshare basis. Porto Azzurro Resort Complex

1995

During the period 1996 - 2000

the Seabank Hotel underwent

major modifications, increasing

its room stock level to 251 with

the inclusion of additional

amenities such as conference

facilities, indoor pool, sauna,

and a gym. Seabank Hotel -

Phase 2 - 3

1996 - 2000

1996-2000

In November 2000, the Group

opened the Hard Rock Café in

Malta under a franchise

agreement. This was a first

for the Group in establishing

a direct partnership with such

a world-renowned brand

name. Hard Rock Café President Pete Beaudrault with Silvio

Debono (Chairman)

2000

In June 2000, the Group acquired

another property. After extensive

renovations, this 300 room hotel

was opened in early 2002. It

targets the four star plus market.

It is today operated under the

name of Hotel San Antonio and

Spa Resort.

Hotel San Antonio and Spa Resort

2002

2002

Hotel San Antonio and Spa Resort -

Amenities

In 2002, the Tunny Net complex saw a number of conversions to its facilities, namely, the Waves 2 Disco Club into a theme Latino restaurant with an underlying pub area, the conversion of the Pot of Gold Pub into a souvenier shop and enhancements to finishings at the Trattoria De Buono.

A renovated Tunny Net Complex

2002

2004

2006

Top of the Rock award

Hard Rock Café Malta won this prestigious award in

• August 2004

• June 2007

Seabank Hotel Refurbishment

2004/05

2005

2005

Property Development

2007 Provision of in-flight catering

services to Airmalta

Provision of commissary services

Transport activities for on/off loading of meals to Airmalta

Joint venture with a local partner and Airest – Austria (Do & Co)

Commenced operations on 1st April 2007

Serving over 1.7 million meals a year

Provision of 1800 meals per day

Hospital catering to Mater Dei, St. Luke’s and Sir Paul Boffa via a joint venture company with a local partner

Introduction of state of the art technology – computerised re-generation trolleys

Soft launch in July 2007

Fully operational by November 2007

Mater Dei Hospital

2007

What does the Group represent

Owns and operates three resorts, one under the RIU brand.

Total of 1600 beds

Produces over 2000 meals per day, excluding breakfast

Group asset base in excess of US$80,000,000

Human resource base numbers 800

Franchise rights for Hard Rock Café

Industrial catering through joint ventures in in-flight and hospital in-patients meals

Hotel RIU Seabank Extension

2012

Extension of Hotel will see room capacity increase to around 550 rooms together with addition of state of the art spa centre, conference facilities and additional pool facilities.

2014

This proposal entails the extension of the existing hotel by increasing the number of hotel rooms from 264 to 298 bedroom units and time-share apartments from 23 units to 91 units.

Hotel San Antonio and Spa Resort extension

2015

Building of 90 units having an internal footprint of 125 m2 spread over a nine storey landmark building.

Porto Azzurro extension