DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF €35,000,000 MALTA GOVERNMENT STOCK

ISSUE OF EURO €35,000,000

MALTA GOVERNMENT STOCK

SUBSIDIARY LEGISLATION 161.138

DIRECTIVE BY THE MINISTER FOR FINANCE

FOR THE ISSUE OF €35,000,000 MALTA

GOVERNMENT STOCK

20th November, 2015

LEGAL NOTICE 364 of 2015.

The title of this directive is Directive by the Minister for

Finance for the issue of Euro 35,000,000 Malta Government Stock.

An amount of Euro 35,000,000 Malta Government Stock

shall be issued in the Floating Rate Malta Government Stock 2019

(VI) linked to the six-month Euribor.

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

All persons and, or entities are eligible to apply for this

Stock. Allotment will be applied as set out in the prospectus.

In terms of the Financial Markets Act, when this Stock has

been allotted, an application shall be made for this Stock to be

placed on the official list and for trading on the Malta Stock

Exchange.

The sum of money to be raised by the mentioned Stock

shall be Euro 35,000,000.

(1) Interest on the Floating Rate Malta Government Stock

2019 (VI) shall be paid at the rate linked to the six-month Euribor

issued by the European Money Markets Institute (EMMI) in effect

on the applicable interest determination date, plus a spread of 35

basis points (bps) calculated on Day Count Fraction (Actual/360)

for every Euro 100. The spread of 35 bps is fixed and applicable

until the maturity of the Stock.

(2) Interest shall be payable half yearly in arrears on the 27th

of May and the 27th of November in every year for the duration of

the Stock.

(3) The first interest payment covering the period from the 27th

November, 2015 to the 26th May, 2016 (both days inclusive) shall

be made on the 27th day of May, 2016.

The Floating Rate Malta Government Stock 2019 (VI)

linked to the six-month Euribor shall be redeemed at par on the

27th November, 2019.