Bank of Valletta plc - Precautionary Warrant

Wednesday, March 28th, 2018

Further to the company announcement dated 2 April 2015, on 27 March 2018 Bank of Valletta plc announced that it received notice that the Italian Tribunal has issued a precautionary warrant (“sequestro conservativo”) for €363 million against the Bank. In this respect, and after taking legal advice, the Bank reiterated that it has a strong case both on the merits and in appealing the “sequestro conservativo” and is firmly rebutting the claims instituted against it before the Italian Tribunal. BOV is keeping regulatory authorities continuously updated on developments relating to this case and will also continue to keep this matter under review and take such measures to ensure that its operations are not adversely affected.

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