Lombard Bank Malta Plc

AGM Information • Jun 23, 2022

COMPANY ANNOUNCEMENT

The following is a Company Announcement by Lombard Bank Malta p.l.c. (the 'Bank') pursuant to the Capital Markets Rules of the Malta Financial Services Authority.

QUOTE

The Annual General Meeting of Lombard Bank Malta plc held on 26 May 2022 approved the following resolution relating to the bonus share issue:

"7. Bonus Share Issue

(a) That the amount of €149,223 be capitalised from the Bank's Retained Earnings Account for the purpose of issuing 596,893 fully paid ordinary shares of a nominal value of €0.25 per share representing 1 bonus share for every 75 shares held as approved by the directors to be allotted to the eligible members appearing on the Bank's Register of Members as at close of trading on the Malta Stock Exchange on 22 June 2022, thereby increasing the issued share capital from the current 44,766,961 shares to 45,363,854 shares of €0.25 each fully paid up resulting in a paid up capital of €11,340,963.

(b) Since the allocation ratio of bonus shares to registered shares held by the eligible member is 1 bonus share for every 75 shares held, the Bank shall, where the number of shares held by the eligible member is not exactly divisible by 75, round up the allocation to the nearest share whenever the mathematical result of the allocation formula contains a fractional entitlement which is of 0.5 of a share or more, and round down to the nearest share in the event that the mathematical result of the allocation formula contains a fractional entitlement which is of less than 0.5 of a share."

In terms of 7(b) above, the Bank capitalised €149,226.50 from its Retained Earnings Account for the purpose of issuing 596,906 fully paid ordinary shares of a nominal value of €0.25 per share and thereby increased its issued share capital from 44,766,961 shares to 45,363,867 of €0.25 each fully paid up resulting in a paid up capital of €11,340,966.75.

UNQUOTE

Dr Helena Said LL.D. Company Secretary

23 June 2022