FIMBank plc - Allocation Policy

On 27 October, FIMBank plc announced the allocation policy with respect to its recent bond offering. Due to the strong demand for its bond offering, FIMBank exercised a large part of its over-allotment option and issued an equivalent of €33 million 4.25% bonds which mature on 30 November 2013.

The Bank stated that the pre-placement stage where €20 million equivalent worth of bonds were available (which took place on Friday 22 October 2010) was oversubscribed. Due to this, subscriptions from Preferred Applicants (i.e. shareholders, bondholders, directors and staff) and Authorised Distributors were scaled down proportionately and rolled-over to the general offer except where otherwise instructed.

The General Offer stage which took place on Monday 25 October 2010 was also oversubscribed and the over-allotment option of a maximum €10 million or equivalent was mostly exercised with a total amount of €33 million or equivalent being received from 2,116 applicants. All subscriptions received will be met in full.

FIMBank explained that the nominal amount of Bonds to be admitted to Listing on the Official List of the Malta Stock Exchange are €19,263,600 and US$18,047,700.

Interest on the bonds will start to accrue as from next Monday 1 November 2010 with the first interest payment date being 31 May 2011. Listing of the bonds is expected to take place by latest 11 November 2010.

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