Lombard Bank Malta plc - Company Update

On 22 March, Lombard Bank Malta plc announced that it has been notified that the Special Administrator of Cyprus Popular Bank Public Co Ltd (CPB), the majority shareholder of the Bank, has approved the disposal of its holding of 21,396,558 ordinary shares held in the Bank, and that notice has been given to the Malta Financial Services Authority (MFSA) in line with the requirements of Banking Act and the Investment Services Act.