FIMBank Plc

Share Issue/Capital Change • May 26, 2014

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by FIMBank p.l.c. ("FIMBank"or the "Bank") pursuant to the Malta Financial Services Authority Listing Rules.

Quote

FIMBank announces that it has submitted an application to the Listing Authority requesting the admissibility to listing of 77,009,494 new ordinary shares of a nominal value of USD0.50 each, which will be available for subsription by those shareholders on the Register at the Central Securities Depository of the Malta Stock Exchange as at 21 May 2014 (the "Record Date") in accordance with the following ratio:

16 New Shares for every 41 Existing Shares at an offer price of USD0.65 per share

If subscribed to in full, the Rights Issue will raise a total amount of approximately USD50 million.

In terms of the Rights Issue, each of United Gulf Bank B.S.C. ("UGB") and Burgan Bank S.A.K. ("Burgan Bank") has entered into separate Subscription Agreements with the Bank whereby each of UGB and Burgan Bank has irrevocably undertaken to exercise its rights to subscribe to the new ordinary shares it is entitled to under the Rights Issue in accordance with the terms and conditions set out in the Prospectus. Any lapsed rights from the Rights Issue will be offered to Financial Intermediaries during an Intermediaries Offer. Furthermore Tunis International Bank S.A., ("TIB") has, by means of an Underwriting Agreement, undertaken in favour of the Bank to subscribe to such number of new ordinary shares under the Rights Issue not subscribed to during the Intermediaries Offer. The obligation of TIB under the Underwriting Agreement is limited to a maximum value of five million United States Dollars (USD5,000,000).

In light of the above and for the purpose of avoiding any further dilution to the existing shareholders, FIMBank and UGB have terminated the Convertible Loan Agreement, with the result that UGB may no longer convert any remaining amount into shares. Such decision is also in line with the conditions to the listing status provided by the Listing Authority as set out in the Bank's Company Announcement FIM209.

Unquote

Andrea Batelli Company Secretary

26 May 2014