Bank of Valletta plc - Bond Issue Allocation Policy

On 5 December 2025, Bank of Valletta plc announced the allocation policy with respect to the recent offer of up to €125 million 5.00% unsecured subordinated bonds 2030-35. The Bank explained that it received a total of 3,312 applications for a total value of €130.9 million

There were 33 applications lodged by Professional Clients and Eligible Counterparties for a total value of €37.2 million. For these applications, the first €5,000,000 per application was allocated in full, and 79.4% was applied on the remaining amounts, rounded to the nearest €100, for a total allocation of €35 million. As a result, 31 applications were met in full, representing 93.9% of total applications received from Professional Clients.

Furthermore, 2,302 applications were received from Existing Shareholders, Existing Bondholders and Group Employees for a total value amounting to €68.2 million. The first €150,000 per application was allocated in full, whilst 62.6% of the remaining amounts was allotted rounded to the nearest €100, for a total allocation of €65 million. As a result, 2,260 applications were met in full, representing 98.2% of total applications received.

Meanwhile, 977 applications were lodged by the general public for a total value of €25.5 million. The first €150,000 per application was allocated in full, whilst 80.5% of the remaining amount was allotted rounded to the nearest €100, for a total allocation of €25 million. As a result, 962 applications were met in full, representing 98.5% of total applications received from the general public.

The bonds will be admitted to listing on Friday 12 December 2025, and trading may commence as from Monday 15 December 2025. Interest on the bonds will start to accrue as from Friday 5 December 2025 and, in this respect, the first interest payment of the bonds will be made on 5 December 2026, covering the period between 5 December 2025 and 4 December 2026. Refunds of unallocated monies will be affected by no later than Friday 12 December 2025.