Bank of Valletta plc - Allotment policy

Wednesday, April 11th, 2012

On 11 April Bank of Valletta plc announced the allotment policy for the 4.25% BOV Notes 2019 which closed for subscription on 3 April.

BOV announced that it received 2,865 applications for a total value of €43.3 million. Applications for the first €25,000 will be accepted in full. Meanwhile, those applications above €25,000 will be allotted the first €25,000 in full and 36.19% of the remaining balance. BOV indicated that 91.52% of applicants participating in the issue will receive a full allotment.

Interest on these Notes will accrue as from today. Meanwhile, allotment letters and refunds of unallocated monies will take place by not later than today week. The Notes will shortly be admitted to the Official List of the Malta Stock Exchange.

Interest payments will be made semi-annually on 18 May and 18 November.

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