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Non-Executive Director of the Issuer, Director of The Ona Real Estate Ltd and The Ona Property Development Ltd

George Muscat started his property development and construction business in the 1970s. Over the years, Mr Muscat has embarked on a variety of development projects, from single block residential apartments to large projects including Fort Cambridge in Sliema. George Muscat is a shareholder and director of several companies which do not form part of the Group, but which are involved in the construction, property development, and real estate business, including Gap Holdings Limited (C 27803) which has undertaken various property developments.

As at the date of this Registration Document, under the leadership of Mr Muscat, the GAP Group of companies has built a considerable portfolio of residential and commercial developments at prices which service all sectors of the market. George Muscat is also a director and the ultimate beneficial holder of 50% of the share capital of Bay Street Holdings Limited (C 12058) which owns, manages, and operates the Bay Street Entertainment Complex in Paceville, St Julian’s. The Bay Street Entertainment Complex has today evolved into an entertainment hub with more than 70 retail outlets, restaurants, a language school, a 4-star hotel and a 5-star hotel.

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