Allotment policy: Malta Government Stocks – August 2016

With reference to the press release issued on Tuesday, 2nd August, the Treasury has announced the allotment policy applicable for applications received by members of the public as provided for under paragraph 4 (c) of the Prospectus issued on 22nd July.

The Treasury shall exercise its option to utilise the additional sum of up to €60 million such that the aggregate amount to be allocated will be increased up to a maximum amount of €160 million. The allotment in the latest issue of Malta Government Stocks among the members of the public shall be as follows:

MGS 1.5% 2022 (IV) F.I.

Fourteen applications subscribed in the 1.5% MGS 2022 (IV) having a nominal value of €5,265,500 will be accepted in full.

MGS 2.4% 2041 (I)

The remaining balance available for allocation will be allotted from the nominal amount of applications received in the 2.4% MGS 2041 (I) which amounted to just below €180.7 million as follows:

• applications up to Euro 50,000 in nominal terms (including those applications submitted by each applicant under the nominee system) shall be met in full;

• applications above Euro 50,000 in nominal terms (including those applications submitted by each applicant under the nominee system) shall receive a minimum of Euro 50,000 nominal per applicant plus an additional 15% of the remaining unallocated balance per applicant rounded up to the nearest Euro 100.

In this regard the Treasury shall be satisfying nearly 85.5% of the total nominal amount of applications received in the 2.4% MGS 2041 (I).

As stipulated in the prospectus, interest on these Malta Government Stocks commenced accruing as from Monday 8th August.

Refunds of unallocated monies will be effected before the issue of relevant Registration Advice from the Malta Stock Exchange and will be paid by direct credit in the bank account indicated for the payment of interest on the application form. In the coming days, the Treasury will issue another press release announcing the date when the refunds of unallocated funds will be issued together with the final results including the actual number of applications accepted and the actual nominal amount allocated in the 2.4% MGS 2041 (I).

No interest shall be due on refunds or other amount pending allotment.