Bank of Valletta plc - Privatisation Advisor

Thursday, January 6th, 2005

By a letter dated 5 January 2005 the Privatisation Unit informed Bank of Valletta plc that the Government of Malta and Banco di Sicilia have decided to appoint Rothschild SpA as their financial advisor for the sale of their joint shareholding (equivalent to 39.78%) in Bank of Valletta to a strategic investor.

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