COMPANY ANNOUNCEMENT

The following is a company announcement issued by AX Investments p.l.c pursuant to

Malta Financial Services Authority Listing Rule 5.16.21:

The Board of Directors of AX Investments p.l.c. have approved the

Company’s Annual Report and Financial Statements for the year ended

31st October 2010.

These accounts will be available for viewing on the AX Investments

website (http://www.axinvestmentsplc.com) and at the Company’s

registered office at AX House, Mosta Road, Lija, from 4th February 2011.

Tonio Farrugia

Company Secretary