New Malta Government Stocks Issuance

The Government of Malta will be launching the second issue of Malta Government Stocks for the year 2015 as detailed hereunder:

(a) 2% Malta Government Stock 2020 (V) FI, and

(b) 2.3% Malta Government Stock 2029 (II), or

(c) Any combination of the above two Stocks shall in the aggregate be Euro 50,000,000 with an over-allotment option of Euro 40,000,000 in the event of over- subscription.

Applications shall be by auction, therefore pricing will not be determined by the central bank.

Applications Process

• Direct Bidding – Applications by any single applicant shall be in the form of sealed bids for a minimum of €500,000 and multiples of €100,000 each.

• Participation in the auction under the nominee system – Applications for amounts less than €500,000 will have to be done strictly under nominee. Any applications below €500,000 placed under personal MSE accounts will be disregarded.

• Order types – The bid price tendered for orders placed at “market” will be treated at the discretion of the management of Calamatta Cuschieri on a best effort basis. Due to minimum volumes of 500,000 per price level an individual order may not be able to be fulfilled at the clients limit order price and will be placed at the nearest lower price to which there is the minimum €500,000 volume on the company’s books.

Orders may be placed directly via CCTrader platform, which is now also available on mobile. You can also contact us on 25 688 688 or via email on [email protected]. The closing date for applications is 10th June 2015 at 12 pm.

A copy of the prospectus is available HERE.

Calamatta Cuschieri shall be issuing a research report which will be made available on the company’s website with the expected pricing guidelines. For further information please contact your investment advisor.

All applications will be treated on a best effort basis and Calamatta Cuschieri takes no responsibility for the failure to receive an allocation as a result of the bidding process.