L.S. 161.120 Direttiva mill-Prim Ministru u Ministru tal-Finanzi għall-Ħruġ ta’ Euro 100,000,000

ISSUE OF €100,000,000 (I) 5.1% MALTA GOVERNMENT STOCK 2014 OR (II) 5% MALTA GOVERNMENT STOCK 2021 OR (III) ANY COMBINATION OF THE ABOVE TWO STOCKS [ S.L.161.120 1 SUBSIDIARY LEGISLATION 161.120 DIRECTIVE BY THE PRIME MINISTER AND MINISTER OF FINANCE FOR THE ISSUE OF EURO 100,000,000 (

1. i)5.1% MALTA GOVERNMENT STOCK 2014 (THIRD ISSUE) (FUNGIBILITY ISSUE) OR (
2. ii)5% MALTA GOVERNMENT STOCK 2021 (FIRST ISSUE) (FUNGIBILITY ISSUE) OR (iii) ANY COMBINATION OF THE TWO STOCKS PROVIDED THE AGGREGATE NOMINAL VALUE SHALL NOT EXCEED EURO 100,000,000 22nd July, 2008 LEGAL NOTICE 173 of 2008. 1. The title of this Directive is Directive by the Prime Minister and Minister of Finance for the Issue of €100,000,000: (
3. i)Title. 5.1% Malta Government Stock 2014 (Third Issue) Fungibility Issue; or (
4. ii)5% Malta Government Stock 2021 (First Issue) Fungibility Issue; or of (iii) any combination of the above two Stocks provided the aggregate nominal value shall not exceed Euro 100,000,000. 2. These Stocks shall be issued as set out in the prospectus. 3. All persons and, or entities are eligible to apply for these Stocks. Allotment will be applied as set out in the prospectus. 4. (
5. a)In terms of the Financial Markets Act, when these Stocks have been allotted, an application shall be made for the respective Stock to be placed on the official list and for trading on the Malta Stock Exchange. Mode of issuing Stocks. Allotment Policy. Trading on the Malta Stock Exchange. Cap. 345. (
6. b)On the 7th January 2009, after the payment of the first dividend, any amount allotted under 5.1% Malta Government Stock 2014 (III) will be integrated with the existing issue of this Stock and shall thereafter both be deemed to be one Stock. (
7. c)On the 9th February 2009, after the payment of the first dividend, any amount allotted under 5% Malta Government Stock 2021 (I) will be integrated with the existing issue of this Stock and shall thereafter both be deemed to be one Stock. 5. The sum of money to be raised by either Stock, or of any combination of the two Stocks shall in the aggregate be Euro 100,000,000. The Accountant General reserves the right to increase the sum of money to be raised by a maximum of Euro 50,000,000. Sum of money to be raised. 2 [ S.L.161.120 Rate of interest and dates of payment. 6. ISSUE OF €100,000,000 (I) 5.1% MALTA GOVERNMENT STOCK 2014 OR (II) 5% MALTA GOVERNMENT STOCK 2021 OR (III) ANY COMBINATION OF THE ABOVE TWO STOCKS (
8. a)Interest at the rate of Euro 2.55 for every Euro 100 5.1% Malta Government Stock 2014 (III) will be payable half-yearly in arrear on the 6th day of Janaury and the 6th day of July in every year for the duration of the Stock. The first pro-rata payment covering the period from the 13th day of August, 2008 to the 5th day of January, 2009 (both dates inclusive) shall be made on the 6th day of January, 2009. (
9. b)Interest at the rate of Euro 2.50 for every Euro 100 5% Malta Government Stock 2021 (I) will be payable halfyearly in arrear on the 8th day of February and the 8th day of August in every year for the duration of the Stock. The first pro-rata payment covering the period from the 13th day of August, 2008 to the 7th day of February, 2009 (both dates inclusive) shall be made on the 8th day of February, 2009. Redemption of Stocks. 7. (
10. a)The 5.1% Malta Government Stock 2014(III) shall be redeemed at par on the 6th July, 2014. (
11. b)The 5% Malta Government Stock 2021(I) shall be redeemed at par on the 8th August, 2021.