DIRECTIVE BY THE PRIME MINISTER AND MINISTER OF FINANCE FOR THE ISSUE OF €39,599,347.78 5.1% MALTA GOVERNMENT

ISSUE OF €39,599,347.78 5.1%

MALTA GOVERNMENT STOCK 2014 (THIRD ISSUE)

SUBSIDIARY LEGISLATION 469.04

DIRECTIVE BY THE PRIME MINISTER AND

MINISTER OF FINANCE FOR THE ISSUE OF

€39,599,347.78 5.1% MALTA GOVERNMENT

STOCK 2014 (THIRD ISSUE) *

30th July, 2004

LEGAL NOTICE 374 of 2004, as amended by Legal Notice 427 of 2007.

The title of this Directive is Directive by the Prime

Minister and Minister of Finance for the Issue of €39,599,347.78

1% Malta Government Stock 2014 (First Issue).

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

3. All persons and/or entities are eligible to apply for this

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

4. (a) In terms of the Financial Markets Act, when the Stock

has been allotted, an application shall be made for the

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

the Malta Stock Exchange.

(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.

5. The sum of money to be raised by the Stock shall be

€39,599,347.78.

Interest at the rate of €2.55,0 for every €100 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.

*

This Directive has been revoked by Act XLV of 2016, but it is still partially

applicable since the six-year period prescribed by law to claim funds referring to

stocks that have already matured, has not yet expired.