Bank of Valletta plc - Subordinated Debt Issuance Programme

On 16 September, Bank of Valletta plc announced that it submitted an application to the Listing Authority requesting the approval of a Prospectus in respect of a 12-month Subordinated Debt Issuance Programme for an aggregate principal amount not exceeding €150 million.

The Notes that will be issued under this programme will form an integral part of BOV’s capital plans and will be aimed at further strengthening its Tier 2 Capital as required by European banking regulations. The net proceeds from the issue of Notes will also be used by BOV to meet part of its general financing requirements.

Further detailed information on the Subordinated Debt Issuance Programme and the Notes to be issued thereunder shall be available in the Prospectus and the relevant Final Terms. These documents will be published following the attainment of the necessary regulatory approval.