DIRECTIVE BY THE MINISTER OF FINANCE, THE ECONOMY AND INVESTMENT FOR THE ISSUE OF EURO 30,000,000 MALTA GOVERNMENT STOCKS

ISSUE OF EURO 30,000,000

MALTA GOVERNMENT STOCKS

SUBSIDIARY LEGISLATION 502.01

DIRECTIVE BY THE MINISTER OF FINANCE, THE

ECONOMY AND INVESTMENT FOR THE ISSUE OF

EURO 30,000,000 MALTA GOVERNMENT STOCKS

16th July, 2010

LEGAL NOTICE 361 of 2010.

The title of this Directive is Directive by the Minister of

Finance, the Economy and Investment for the Issue of Euro

30,000,000 Malta Government Stocks.

An amount of Euro 30,000,000 Malta Government Stocks

shall be issued in Floating Rate Malta Government Stock 2013 (VI)

linked to the six-month Euribor.

The 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 shall be Euro 30,000,000.

Interest shall be paid at the floating rate linked to the six-

month Euribor in effect on the applicable interest determination

date, plus a spread of 45 basis points (bps) calculated on Day Count

Fraction (Actual/360) for every Euro 100. The spread of 45bps is

fixed and applicable until the maturity of the Stock. Interest shall

be payable half yearly in arrears on the 11th of February and 11th

of August in every year for the duration of the Stock. The first

payment covering the period from the 11th August, 2010 to the

10th February, 2011 (both days inclusive) shall be made on the 11th

day of February, 2011.

The Floating Rate Malta Government Stock 2013 (VI)

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

11th August, 2013.