MeDirect Bank (Malta) plc - Allotment Policy

On 21 June 2011 Mediterranean Bank plc announced the allocation policy with respect to its recent bond issue of €5 million 6.25% Bonds 2015 placed through two financial intermediaries. Mediterranean Bank explained that the amounts subscribed for exceeded €5 million and therefore applications received from the two intermediaries were scaled down proportionately.

Refunds of un-allocated monies will be paid by Friday 24 June 2011 while interest of the bonds will start to accrue as from tomorrow Wednesday 22 June. Listing of the bonds is expected to take place by 27 June 2011 with trading due to commence on the following day. Mediterranean Bank plc explained that the new Bonds and the 2010 Bonds will trade separately up until the first interest payment on 30 October 2011. Thereafter these bonds will be merged and trade as one issue.