Lombard Bank Malta plc - Surrender of license

Wednesday, December 21st, 2005

A Company Announcement informed the public that the Board of Directors of Lombard Bank Malta plc is scheduled to meet on Tuesday 28th February 2006 to consider and approve the Audited Financial Statements for the year ended 31st December 2005 and consider the declaration of a final dividend.

On the same day Board of Directors recommended a 2 for 1 share split, which will be considered at the forthcoming Annual General Meeting. As a result the number of authorised and issued shares will double and bring down the par value of each share from 50 cents to 25 cents.

Lombard stated that the proposed share split, which is subject to regulatory approval, is meant to allow easier accessibility to a larger number of investors and this, in turn, will provide for more liquidity in the Bank’s shares.

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