Harel Mallac & Co. Ltd. announced that Special Meeting of the shareholders to be held on 25 April 2023, On 31 March 2023 the Board approved the value of MUR 36.00 for each ordinary share of CTIL which will be distributed by way of the Special Dividend. The value of the Special Dividend was estimated by: aggregating the fair values of the Hospitality Shares as at 27 March 2023, as recorded in the books of the Company and
certified by the auditors of Harel Mallac; subtracting therefrom the estimated debt of CTIL and estimated costs of the listing and distribution; and dividing by 11,259,388, being the number of shares to be issued by CTIL and to be distributed by Harel Mallac to its shareholders. On the ex-div date, being 25 April 2023, the reference price of Harel Mallac will be the closing price on the last cum-div date of 24 April 2023 reduced by MUR 36.00 being the value of the Special Dividend.