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Allotment Policy, Malta Government Stocks- February 2016

NEW MALTA GOVERMENT STOCK OCTOBER 2012

With reference to the press release issued last Friday, the Treasury is pleased to announce the allotment policy to be applied for applications received by the members of the public as provided for under paragraph 4 (c) of the Prospectus issued on the 12th February 2016. The Treasury shall exercise its option to utilise the additional sum of up to €80 million such that the aggregate amount to be allocated will be increased up to a maximum amount of €200 million. The allotment in the first issue of Malta Government Stocks for 2016 among the members of the public shall be as follows:-

MGS 1.5% 2022 (IV)

33 applications subscribed in the 1.5% MGS having a nominal value of €3,000,200 will be accepted in full.

MGS 2.5% 2036 (I)

The remaining balance available for allocation will be allotted from the nominal amount of applications received in the 2.5% MGS 2036 (I) which amounted to just below €199 million as follows:

• applications up to Euro 90,000 in nominal terms (including those applications submitted by each applicant under the nominee system) shall be met in full;

• applications in excess of Euro 90,000 in nominal terms (including those applications submitted by each applicant under the nominee system) shall receive a minimum of Euro 90,000 nominal per applicant plus an additional 53% of the remaining unallocated balance per applicant rounded up to the nearest Euro 100.

In this regard Treasury shall be satisfying nearly 98.9% of the total nominal amount of applications received in the 2.5% MGS 2036 (I).

As stipulated in the prospectus, interest on these Malta Government Stocks commenced accruing as from Monday 29th February 2016.

Refunds of unallocated monies will be effected before the issue of relevant Registration Advice from the Malta Stock Exchange and will be paid by direct credit in the bank account indicated for the payment of interest on the application form.

In view of the administrative process linked to the publication of final results, the actual number of applications accepted and the actual nominal amount allocated in the 2.5% MGS 2036 (I) will be communicated by a press release in due course.

No interest shall be due on refunds or other amount pending allotment. For more information please contact us on 25 688 688.