4.8 % Malta Government Stock 2016

L.N. 343 of 2003

BUDGET MEASURES IMPLEMENTATION ACT, 2003

(ACT NO. II OF 2003)

LOCAL LOANS

(REGISTERED STOCK AND SECURITIES) ORDINANCE

(CAP. 161)

Directive by the Minister of Finance

for the Issue of an amount not exceeding Lm30,000,000

8 % Malta Government Stock 2016

(Second Issue)

IN exercise of the powers conferred by the Budget Measures

Implementation Act, 2003 and by article 4(1)(a) of the Local Loans

(Registered Stock and Securities) Ordinance, Cap. 161, the Minister of

Finance has authorised that the sum not exceeding Lm30, 000,000 4.8%

Malta Government Stock be issued as follows>–

This Stock shall be issued as set out in the prospectus.

1.

2. All persons and#or entities are eligible to apply for this Stock.

Allotment will be applied as set out in the prospectus.

3. In terms of the Malta Stock Exchange Act, when the Stock

has been allotted, an application shall be made for the Stock to be placed

345. on the official list and for trading on the Malta Stock Exchange.

Sum of money to be

4. The sum of money to be raised by the Stock shall not exceed

Lm30,000,000.

Interest at the rate of Lm2.40,0 for every Lm100 Stock will

be payable half-yearly in arrear on the 26th day of May and on the 26th

day of November in every year for the duration of the Stock. The first

payment covering the period from the 27th day of November 2003 to

the 26th day of May 2004 shall be made on the 26th day of May 2004.

The Stock shall be redeemed at par on the 26th November,

2016. Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press