Fungibility Issue

L.N. 374 of 2004

BUDGET MEASURES IMPLEMENTATION ACT, 2004

(ACT NO. II OF 2004)

LOCAL LOANS

(REGISTERED STOCK AND SECURITIES) ORDINANCE

(CAP. 161)

Directive by the Prime Minister and Minister of Finance

for the Issue of Lm17,000,000 5.1 % Malta Government Stock

(Third Issue)

Fungibility Issue

IN exercise of the powers conferred by the Budget Measures

Implementation Act, 2004 and by article 4(1)(a) of the Local Loans

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

Minister and Minister of Finance has authorised that the sum of

Lm17,000,000 5.1% Malta Government Stock be issued as follows>–

Mode of issuing

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

Stock.

All entities are eligible to apply for this Stock. Allotment will Allotment Policy.

be applied as set out in the prospectus.

(a) In terms of the Malta Stock Exchange Act, when the Stock Trading on the

Malta Stock

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

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

345. (b) On the 6th January, 2005 after the payment of the first

dividend, this stock will be integrated with the existing issue 5.1% Malta

Government Stock 2014 (III) and shall thereafter both be deemed to be

one Stock.

The sum of money to be raised by the Stock shall be Sum of money to

be raised.

Lm17,000,000.

Interest at the rate of Lm2.55,0 for every Lm100 Stock will

be payable half-yearly in arrear on the 6th day of January and on the 6th

day of July in every year for the duration of the Stock. The first pro-

rata payment covering the period from the 14th day of August, 2004 to

the 6th day of January, 2005 shall be made on the 6th day of January,

2005. The Stock shall be redeemed at par on the 6th July, 2014.

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