Bank of Valletta plc - Distribution of First Tranche of Bonds

On 7 October 2025, Bank of Valletta plc announced that it submitted an application to the Malta Financial Services Authority requesting admissibility to listing of an Unsecured Euro Medium Term Bond Programme of up to €325 million.

Subject to regulatory approval, BOV will be issuing the first series and first tranche of Tier 2 bonds under the Programme consisting of €100 million (with an overallotment option which may result in the offer being increased to a maximum of €125 million) 5.0% subordinated bonds maturing in 2030-2035.

The bonds will be available for subscription by all categories of investors and will be distributed as follows:

• An amount of €50 million will be reserved for subscription by holders of the 3.50% BOV subordinated bonds 2030 (Series 1 & 2), 3.75% BOV subordinated bonds 2026/31, 5.0% BOV subordinated bonds 2029/34 Series 1, 5.0% BOV subordinated bonds 2030/35 Series 2 and shareholders of BOV as at close of trading on 14 October 2025, together with employees of the Bank and any of its subsidiaries.
• An amount of €25 million will be reserved for subscription by Professional Clients and Eligible Counterparties.
• The remaining €25 million will be reserved for subscription by the general public.

Any portion not fully subscribed to by a particular category of investor will be made available for subscription to another category. Furthermore, any additional bonds allotted further to the exercise of the overallotment option will be allocated at BOV’s discretion depending on the total level of subscription by each category of investor.

Applications will be subject to a minimum subscription amount of €10,000 and in multiples of €100 thereafter, apart from applications by Professional Clients and Eligible Counterparties which will be subject to a minimum subscription amount of €100,000 and in multiples of €100 thereafter.

Applications for bonds by retail clients will be subject to a suitability test conducted by the authorised financial intermediary irrespective of whether investment advice is being provided or not. Further details will be published once regulatory approval is obtained.