Bank of Valletta plc

Capital/Financing Update • Oct 25, 2024

BOV494

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by Bank of Valletta p.l.c. (the "Issuer" or the "Bank") pursuant to the Capital Markets Rules issued by the Malta Financial Services Authority.

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Information to maintain a fair market: Oversubscription of Bond Issue

Reference is made to company announcements BOV491 and BOV492, issued on 11 October 2024 and 14 October 2024 respectively, wherein details on the issue of up to €100,000,000 5% unsecured subordinated bonds due 2029-2034 (the "Bonds") were communicated.

The Bank is pleased to announce that the Bonds have been oversubscribed and accordingly, in terms of the Final Terms of the Bonds dated 11 October 2024 (the "Final Terms"), the Bank closed the Offer Period on Thursday 24 October 2024 at 14:00 hours.

The Bank will be carrying out a scaling down process in terms of the Final Terms and a subsequent company announcement with details of the allocation policy will follow in due course.

Furthermore, the Bank wishes to inform the public of the below revised expected timetable in relation to the Bonds:

Announcement of allocation Policy:	4 November 2024
Issue Date & Interest Commencement Date:	4 November 2024
Dispatch of allotment letters:	11 November 2024
Expected date of admission of the Bonds to listing:	11 November 2024
Expected date of commencement of trading of the Bonds:	12 November 2024

The Bank wishes to thank the investing public for their confidence in the Bank and support in the issuance of the Bonds.

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

25 October 2024