L.S. 161.78 Direttiva mill-Ministru tal-Finanzi, Ekonomija u Investiment għall-Ħruġ ta’ €70,000,000: (i) 3.6% Stock tal-Gvern ta’ Malta 2013 (IV) (IR-

DIRECTIVE BY THE MINISTER OF FINANCE, THE ECONOMY AND INVESTMENT FOR THE ISSUE OF €70,000,000 (I) 3.6% MALTA GOVERNMENT STOCK 2013 (FOURTH ISSUE); OR (II) 5% MALTA GOVERNMENT STOCK 2021 (FIRST ISSUE); OR OF (III) ANY COMBINATION OF THE ABOVE TWO STOCKS IN THE AGGREGATE OF THE ABOVE TWO STOCKS [ S.L.161.78 1 SUBSIDIARY LEGISLATION 161.78 DIRECTIVE BY THE MINISTER OF FINANCE, ECONOMY AND INVESTMENT FOR THE ISSUE OF €70,000,000 (I) 3.6% MALTA GOVERNMENT STOCK 2021 (FOURTH ISSUE); OR (II) 5% MALTA GOVERNMENT STOCK 2021 (FIRST ISSUE); OR OF (III) ANY COMBINATION OF THE ABOVE TWO STOCKS 3ed March, 2009 LEGAL NOTICE 55 of 2009. 1. The title of this Directive is the Directive by the Minister of Finance, Economy and Investment for the issue of €70,000,000: Citation. (

1. i)3.6% Malta Government Stock 2013 (IV) (FOURTH ISSUE) or; (
2. ii)5% Malta Government Stock 2021 (I) (FIRST ISSUE) (Fungibility Issue) or of; (iii) any combination of the above two Stocks which shall in the aggregate be Euro 70,000,000. 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. (
3. 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. (
4. b)On the 8th August 2009, after the payment of the first dividend, any amount allotted under 5.0% 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 70,000,000. The Accountant General reserves the right to increase the sum of money to be raised by a maximum of Euro 25,000,000. Sum of money to be raised. 2 [ S.L.161.78 Rate of interest and dates of payment. 6. DIRECTIVE BY THE MINISTER OF FINANCE, THE ECONOMY AND INVESTMENT FOR THE ISSUE OF €70,000,000 (I) 3.6% MALTA GOVERNMENT STOCK 2013 (FOURTH ISSUE); OR (II) 5% MALTA GOVERNMENT STOCK 2021 (FIRST ISSUE); OR OF (III) ANY COMBINATION OF THE ABOVE TWO STOCKS IN THE AGGREGATE OF THE ABOVE TWO STOCKS (
5. a)Interest at the rate of Euro 1.8 for every Euro 100, 3.6% Malta Government Stock 2013 (IV) will be payable half-yearly in arrear on the 18th day of April and the 18th day of October in every year for the duration of the Stock. The first pro-rata payment covering the period from the 18th March, 2009 to the 17th day of October, 2009 (both dates inclusive) shall be made on the 18th day of October, 2009. (
6. 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 18th March, 2009 to the 7th day of August, 2009 (both dates inclusive) shall be made on the 8th day of August, 2009. Redemption of Stocks. 7. (
7. a)The 3.6% Malta Government Stock 2013(IV) shall be redeemed at par on the 18th October, 2013. (
8. b)The 5% Malta Government Stock 2021(I) shall be redeemed at par on the 8th August, 2021.