FIMBank plc - Regulatory approval for change in shareholding

FIMBank plc issued a Company Announcement confirming that it has been informed that a share purchase agreement has been entered into between Massaleh Investments K.S.C.C. (“Massaleh”) and Kuwaiti Interests for Development Holding Co. (“KIDH”) on the one hand and Burgan Bank and UGB on the other hand (collectively the ‘parties’). In terms of the share purchase agreement and subject to the terms and conditions set out therein, upon completion , Burgan Bank will acquire 35,000,000 FIMBank shares and UGB will acquire 17,948,867 FIMBank shares. The total amount of 52,948,867 shares are currently held by Massaleh.

FIMBank also confirmed that it was also informed that the Malta Financial Services Authority has confirmed by letter to the parties dated 29 May 2013 that it has no objection in terms of the Banking Act to this change in shareholding in FIMBank.