FIMBank plc - Rights Issue Prospectus

FIMBank plc announced on 9 November that it published a Prospectus dated 1 November 2007 in respect of an offer to shareholders of the Company to subscribe to 22,894,699 New Ordinary Shares of a nominal value of US$0.50 in the ratio of 5 New Shares for every 19 Existing Shares at an offer price of US$ 1.10 per share.

The Prospectus and accompanying documentation have been despatched today to those shareholders on the Register at the Central Securities Depository of the Malta Stock Exchange as at the Record Date of 26 October 2007 (Eligible Shareholders).

The Rights Issue will be opened to Eligible Shareholders from 8.30 a.m. on Monday 19 November to 12.30 p.m. on Friday 30 November 2007. Application has been made to the Malta Stock Exchange for the New Ordinary Shares to be admitted to the Official List and listing is expected to occur on Monday 3 December 2007.

Trading of the New Ordinary Shares is expected to commence on Tuesday 4 December 2007.

All entitlements not taken up by the closing of the Offer Period will be deemed to have been renounced and will lapse (Lapsed Rights). In accordance with the Listing Rules, any such Lapsed Rights will be offered at the most advantageous market price within the Lapsed Rights Offer Period, i.e. between 3 December 2007 and 17 December 2007.

Any premium over the share offer price of US$1.10 (net of any expenses which might be incurred by the Company) obtained by the Company shall be paid to the Eligible Shareholders whose rights have lapsed. Such holders will be notified accordingly.

The modus operandi for the offer of the Lapsed Rights will be determined and announced by the end of the Offer Period, i.e. 30 November 2007, in accordance with the criteria laid out in the Prospectus.

Malta Stock Exchange plc has been appointed Registrar & Manager of the Rights Issue, while Rizzo, Farrugia & Co. (Stockbrokers) Limited is the Sponsor.

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