6.5% CAREMALTA FINANCE PLC 2008/2011

The Company

CareMalta Finance plc is a fully owned subsidiary of CareMalta Group Ltd. and was set up on 26th August 2002 to act as the finance arm of the CareMalta Group. The CareMalta Group was set up in 1992 under the name Healthcare Services Ltd. as a subsidiary of Vassallo Builders Group through a joint venture with Haven Services Ltd of the UK, itself a subsidiary of Care UK plc. The business of the CareMalta Group is focused on the provision of accommodation and care for elderly people. Currently the Group operates four homes, two owned by the Company – Casa Arkati in Mosta and Villa Messina in Rabat and two owned by the Government of Malta – Zejtun and Cospicua.

Use of Proceeds

The proceeds from the bond issue have been advanced to CareMalta Group Ltd for the further development of the Group’s business through the construction and completion of new homes and the expansion of three existing homes for the elderly.

Security & Status

Unsecured & Unsubordinated

Guarantors

CareMalta Group Ltd., a fully owned subsidiary of Vassallo Builders Group.

Coupon

6.5%

Amount Issued

€8,852,037

ISIN Code

MT0000241209

Maturity

The Bonds will be redeemed at 100% (par) on either 15 November 2008, 15 November 2009, 15 November 2010 or 15 November 2011.

Interest Payment

Annually on 15 November

XD Date

1 November

Listing

Official List

Directors

Nazzareno Vassallo, Alexander Tranter, Richard Clough

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