1. 1MEDSERV Operations Ltd Medserv p.l.c. Stockbrokers meeting 23 March 2011

2. 2MEDSERV Operations Ltd

3. MEDSERV p.l.c.  Introduction  Financial Highlights 2010  Operations 2010  Conclusion Medserv p.l.c AGENDA 2

4. MEDSERV p.l.c. 2010  A hold year  The Group registered a profit  Cash profits  Continued efforts to diversify revenue streams and enter new markets. Medserv p.l.c OPENING STATEMENT 3

5. MEDSERV p.l.c. Medserv p.l.c FINANCIAL HIGHLIGHTS 2010 Consolidated Statement of Comprehensive Income 4 20102009 €€ Revenue 11,716,349 17,528,227 Gross profit 1,659,262 4,780,847 Results from operating activities 125,372 3,270,542 Net finance expense(93,085)(87,438) Profit before income tax 32,287 3,183,104 Profit after income tax 115,178 2,807,665 Earnings per share 1c2 23c3

6. MEDSERV p.l.c. Medserv p.l.c FINANCIAL HIGHLIGHTS 2010 Segmental Reporting 5 Malta operationLibya operationTotal 201020092010200920102009 €€€€€€ External revenues 7,903,710 11,600,953 3,975,439 6,190,813 11,879,149 17,791,766 Inter-segment revenue 162,800 263,539 - - 162,800 263,539 Net finance expenses(94,179)(87,847)676 409(93,503)(87,438) Depreciation(292,218)(295,543)(455,894)(371,651)(748,112)(667,194) Reportable segment profit/(loss) before income tax 267,640 2,102,591(144,941) 1,788,134 122,699 3,890,725

7. MEDSERV p.l.c. Medserv p.l.c FINANCIAL HIGHLIGHTS 2010 Revenue Streams........... Malta 6

8. MEDSERV p.l.c. Medserv p.l.c FINANCIAL HIGHLIGHTS 2010 Revenue Streams........... Libya 7

9. MEDSERV p.l.c. Medserv p.l.c FINANCIAL HIGHLIGHTS 2010 Consolidated Operating Cash Flows Operating funds used in  Acquisition of property, plant and equipment amounted to €424,028 (2009: €1,041,105)  Repayment of bank loans €420,000 (2009: €509,298)  Dividends payment €1,350,000 (2009: €390,000 ) Cash generated from operations in 2010 was in line to the levels generated in the previous year 8

10. MEDSERV p.l.c. Medserv p.l.c FINANCIAL HIGHLIGHTS 2010 9 Consolidated Statement of Financial Position 20102009200820072006 €€€€€ Assets 13,380,375 16,892,189 14,813,902 10,426,203 9,516,809 Liabilities 5,272,718 7,309,539 7,468,917 4,380,687 3,170,652 Equity 8,107,657 9,582,650 7,344,985 6,045,516 6,346,157

11. MEDSERV p.l.c. Medserv p.l.c FINANCIAL HIGHLIGHTS 2010 Working Capital Position  The Group ensures that it has sufficient cash on demand to meet expected operational expenses for a period of 60 days, including the servicing of financial obligations. 10 20102009200820072006 €€€€€ Current Assets 5,082,480 8,486,144 6,693,962 3,309,877 3,008,286 Current Liabilities 4,410,421 6,389,575 6,554,411 2,948,365 1,650,759 Current Ratio 1.15 1.33 1.02 1.12 1.82

12. MEDSERV p.l.c.  Maximising opportunities of work  The Company has the facility, experience, professional staff and financial strength to continue to service the offshore oil and gas industry operating in the Mediterranean basin  Increasing our portfolio of services  Continue with geographical market diversification  Strong dividend policy Medserv p.l.c CONCLUSION 17

13. MEDSERV p.l.c. Karl Bartolo Telephone number: 2220 2314 Email address: kbartolo@medservmalta.com Godwin Borg Telephone number: 2220 2306 Email address: gaborg@medservmalta.com Medserv p.l.c CONTACT INFORMATION 18