FIMBank Plc

Board/Management Information • Jun 4, 2018

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by FIMBank p.l.c. pursuant to Malta Financial Services Authority Listing Rules.

Quote

FIMBank p.l.c. announces that, the following senior officers were appointed Executive Vice Presidents of the Bank. Mr. Giovanni Bartolotta, residing at Valley Gardens, Triq Il-Pulzier, Ibragg, Mr. Ronald Mizzi, residing at 9, Triq Gnien Ingraw, Mellieha, Mr. Nilanjan Ray, residing at 3306 Maze Tower, Sheikh Zayed Road, Dubai, UAE and Avv. Andrea Batelli, residing at 148, Flat 14, Tower Road, Sliema.

Mr. Giovanni Bartolotta joined FIMBank Group in 2004, in order to strengthen the company's risk management and credit research as Head of Risk Management for the group. Before joining FIMBank, Mr Bartolotta was engaged by Bear Stearns International in London, as a Vice President in Corporate Finance. Prior to that, he was a Vice President in Corporate Finance with JP Morgan Chase & Co, also in London. Mr. Bartolotta graduated in Economics at Bocconi University in Milan in 1992. Mr. Bartolotta was appointed Executive Vice President on 1st March 2018.

Mr. Ronald Mizzi joined FIMBank in January 2006 and currently occupies the position of Group Chief Financial Officer. Before joining FIMBank, Mr. Mizzi was engaged by PricewaterhouseCoopers in Malta to work in its Assurance and Business Advisory departments with parallel engagements by PricewaterhouseCoopers Channel Islands and PricewaterhouseCoopers New York. Mr. Mizzi is a warranted Certified Public Accountant and holds a Practicing Certificate in Auditing, both issued by the Accountancy Board in Malta. Mr. Mizzi is a Fellow of the Malta Institute of Accountants and holds an Honours degree in Accountancy from the University of Malta and a Diploma in Indirect Taxation from the Institute of Indirect Taxation (UK). Mr. Mizzi was appointed Executive Vice President on 1st March 2018.

Mr. Nilanjan Ray joined FIMBank on 19 February, 2017 as Chief Executive Officer of DIFC Branch in Dubai. Mr. Ray is a commercial banker with over 19 years of diverse experience, serving a wide range of Commercial, Corporate, SME and MNC customers in India and the Middle East. In his previous stint at the National Bank of Abu Dhabi, Mr. Ray led a transformation of the Commercial Banking business in his role of Managing Director – Global Commercial Banking and was responsible for delivering the commercial banking mandate across UAE, Oman, Egypt, Jordan, Kuwait and Bahrain. Mr. Ray had previously transitioned the Commercial (SME) segment in Abu Dhabi Commercial Bank into a major business for the bank, over a period of six years. Prior to joining ADCB in October 2007, Mr. Ray had worked in ICICI Bank, Bahrain as Vice President - Corporate & Commercial Banking, where he was in charge of launching the commercial banking proposition for ICICI Bank in GCC. During his tenure in India he worked with ICICI Bank, HDFC Bank and Agriculture Finance Corporation.

Mr Ray was engaged in various leadership roles in the SME segment, in coverage as well as risk functions, and also has experience in Project Evaluation and Monitoring as well as Fixed Income Sales through the roles he held in the initial stages of his banking career. Mr. Ray holds a post graduate business degree and a graduate degree in Economics. Mr. Ray was appointed Executive Vice president on 19th February 2017.

Avv. Andrea Batelli joined FIMBank in June 2010 as Head of Legal & Compliance of the Group. Avv. Batelli has more than twenty years of experience in the banking sector with a particular focus on trade finance and compliance. Avv. Batelli was appointed FIMBank's Company Secretary in 2013. Before joining FIMBank, Avv. Batelli has occupied the position of Head of Legal Department and General Counsel at Banca UBAE SpA, Rome (Italy), where he also acted as member of the Oversight Body with a compliance role. During his career at Banca UBAE, Avv. Batelli has acquired extensive international expertise in the banking activity particularly in the Mediterranean, Middle and Far East Area together with a thorough knowledge of these markets, their culture and the associated challenges. Avv. Batelli received his Degree of Law from the University of Perugia (Italy) in 1997 and a Master in International Company Law in 2000. He has been certified by the Rome Bar as an eligible lawyer and is qualified to appear before the Italian Courts. Avv. Batelli is a member of the board of directors of Egypt Factors and chairman of the board of FIMFactors BV. Avv. Batelli was appointed Executive Vice President on 1st March 2017.

There are no matters concerning Mr. Giovanni Bartolotta, Mr. Ronald Mizzi, Mr. Nilanjan Ray and Avv. Andrea Batelli requiring disclosure under Listing Rules 5.20.5 to 5.20.9.

Unquote

By order of the Board.

Andrea Batelli Company Secretary

4 June 2018