Bank of Valletta plc

Regulatory Filings • Aug 1, 2016

BOV/294

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by Bank of Valletta p.l.c. pursuant to the Malta Financial Services Authority Listing Rules:

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Bank of Valletta p.l.c. 3.50% Subordinated Notes 2030 Fungible Issue

Series 1/2016 Tranche 2 Notes (MT0000021338) and Series 2/2016 Tranche 2 Notes (MT0000021346)

Pursuant to the Final Terms documents of the Bank of Valletta p.l.c. 3.50% Subordinated Notes 2030 dated 19 February 2016, immediately after the first interest payment of the First Tranches and the Second Tranches, fungibility will take effect. Effective date of fungibility will be 8 August 2016. On such date, the Series 1/2016, Tranche 2 Notes will be consolidated with Series 1/2015, Tranche 1 Notes (MT0000021312) to form one security with one ISIN. Likewise, the Series 2/2016, Tranche 2 Notes will be consolidated with Series 2/2015, Tranche 1 Notes (MT0000021320) to form one security with one ISIN.

In this regard, trading in the Series 1/2016 Tranche 2 Notes and Series 2/2016 Tranche 2 Notes is being discontinued as from today, 1 August 2016.

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Dr. Ruth Spiteri Longhurst B.A., LL.D. Company Secretary

1 August 2016