VBL Plc

Report Publication Announcement • Apr 21, 2023

VBL Plc (C56012)

("the Company")

COMPANY ANNOUNCEMENT

Board Meeting for Approval of Financial Statements Held

Date: 21 April 2023 Ref. VBL04/2023

This is a Company Announcement made by the Company in compliance with the Capital Markets Rules.

Reference is made to the company announcement issued by the Company on the 13 April 2023 (Ref: VBL03/2023) in which the Board of Directors of the Company announced that it was scheduled to meet on the 21 April 2023.

The Board of Directors met and approved for publication, the financial statements of the Company for the year ended 31 December 2022, and resolved to propose the same for the approval of the shareholders at the forthcoming Annual General Meeting of the Company to be held on 6 July 2023. The financial statements are available for viewing on the Company's website at https://vbl.com.mt/investors/. Attached to this Company Announcement is a Directors' Declaration on ESEF Annual Financial Reports.

The Board of Directors has resolved to recommend for the Annual General Meeting the distribution of a final net dividend of €180,000 that is 0.0726 Euro Cents per ordinary share to be paid to all Shareholders of the Company registered on the register of members as at 7 June 2023.

Further details, concerning the Annual General Meeting will be provided in due course.

Dr Mikiel Calleja Company Secretary

DIRECTORS' DECLARATION ON ESEF ANNUAL FINANCIAL REPORTS

This form of declaration shall be included in the Company Announcement wherein the publication of the ESEF AFR is announced and may be amended to reflect individual cases depending on the country of registration/incorporation.

We, Dr Andrei Imbroll and Dr Geza Szephalmi, in our capacity as Directors of VBL p.l.c., hereby certify:

• i. That the Annual Financial Report for the year ended 2022 has been approved by the Board of Directors of the Company and is hereby being made available to the public.
• ii. That the Annual Financial Report has been prepared in terms of the applicable rules and regulations, including the Commission Delegated Regulation on the European Single Electronic Format ("ESEF") and the Capital Markets Rules2.
• iii. That the Audit Report on the ESEF Annual Financial Report is an exact copy of the original signed by the auditor and that no alterations have been made to the audited elements of the Annual Financial Report including the annual financial statements.
• iv. That the Annual Financial Report shall serve as the official document for the purposes of the Capital Markets Rules and, where the issuer is registered in Malta, the Companies Act (Chapter 386 of the Laws of Malta).

Dr Andrei Imbroll Difector 21 April 2023

Dr Geza Szephalmi

Director 21 April 2023

1 Commission Delegated Regulation 2019/815 on the European Single Electronic Format, as may be further amended from time to time.

2 Capital Markets Rules as issued by the Malta Financial Services Authority (MF5A).

54, Marsamxett Road, Valletta, VLT 1853, Malta Tel .: +356 27 133 344 Web: www.vbl.com.mt