DIRECTIVE BY THE MINISTER FOR FINANCE FOR THE ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS

ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS

SUBSIDIARY LEGISLATION 161.94

DIRECTIVE BY THE MINISTER FOR FINANCE

FOR THE ISSUE OF EURO 100,000,000 MALTA

GOVERNMENT STOCKS

10th May, 2013

LEGAL NOTICE 143 of 2013.

The title of this directive is Directive by the Minister for

Finance for the issue of Euro 100,000,000 Malta Government

Stocks.

An amount of Euro 100,000,000 Malta Government Stocks

shall be issued as follows

(a) 3% Malta Government Stock 2019 (III) Fungibility

Issue, and

(b) 4.5% Malta Government Stock 2028 (II) Fungibility

Issue, or

(c) any combination of the above two Stocks which shall

in the aggregate be Euro 100,000,000.

These Stocks shall be issued as set out in the prospectus.

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

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

(1) In terms of the Financial Markets Act, when these

Stocks have been allotted, an application shall be made for the

respective Stock to be placed on the official list and for trading on

the Malta Stock Exchange.

(2) On the 22nd September, 2013 after the payment of the first

interest as indicated in article 7(1)(a) and (b), any amount allotted

under the 3% Malta Government Stock 2019 (III) F.I. shall be

integrated with the existing issue of this Stock and thereafter shall

be deemed to be one Stock.

(3) On the 25th October, 2013 after the payment of the first

interest as indicated in article 7(2)(a) and (b), any amount allotted

under the 4.5% Malta Government Stock 2028 (II) F.I. shall be

integrated with the existing issue of this Stock and thereafter shall

be deemed to be one Stock.

The sum of money to be raised by either Stock, or of any

combination of the two Stocks shall in the aggregate be Euro

100,000,000. The Accountant General reserves the right to increase

the sum of money to be raised by a maximum of Euro 70,000,000.

(1) Interest at the rate of Euro 1.50 for every Euro 100 in

respect of the 3% Malta Government Stock 2019 (III) shall be

payable half-yearly in arrears on the 22nd day of March and the

22nd day of September in every year for the duration of the Stock

ISSUE OF EURO 100,000,000 MALTA GOVERNMENT STOCKS

(a) the first pro rata interest payment in respect of the

allotted amount from applications submitted by

members of the public covering the period from the

27th day of May, 2013 to the 21st day of September,

2013 (both dates inclusive), shall be made on the 22nd

day of September, 2013;

(b) the first pro rata interest payment in respect of the

allotted amount from bids/applications submitted by

institutional investors covering the period from the

30th day of May 2013 to the 21st day of September,

2013 (both dates inclusive), shall be made on the 22nd

day of September, 2013.

(2) Interest at the rate of Euro 2.25 for every Euro 100 in

respect of the 4.5% Malta Government Stock 2028 (II) shall be

payable half-yearly in arrears on the 25th day of April and the 25th

day of October in every year for the duration of the Stock

(a) the first pro rata interest payment in respect of the

allotted amount from applications submitted by

members of the public covering the period from the

27th day of May, 2013 to the 24th day of October,

2013 (both dates inclusive), shall be made on the 25th

day of October, 2013;

(b) the first pro rata interest payment in respect of the

allotted amount from bids/applications submitted by

institutional investors covering the period from the

30th day of May 2013 to the 24th day of October, 2013

(both dates inclusive), shall be made on the 25th day

of October, 2013.

(1) The 3% Malta Government Stock 2019 (III) shall be

redeemed at par on the 22nd September, 2019.

(2) The 4.5% Malta Government Stock 2028 (II) shall be

redeemed at par on the 25th October, 2028.