APS Bank Plc

AGM Information • Sep 28, 2022

Notice of Extraordinary General Meeting

28 September 2022 APSB32

Notice of Extraordinary General Meeting

Notice is hereby given in terms of article 61 of the articles of association of APS Bank plc that the Bank's Extraordinary General Meeting (the "Meeting") shall be held on Wednesday 19 October 2022 at 11:00 a.m. as a 'remote meeting' in terms of regulation 5 of the Companies Act (Public Companies – Annual General Meetings) Regulations (Subsidiary Legislation 386.23).

The Meeting will consider the following resolution:

SPECIAL BUSINESS – ORDINARY RESOLUTION

Capitalisation of Profits and Issue of New Shares

Proposal: a. That further to the announcement on 28 July 2022, of the recommendation of an interim dividend through the issuance of new ordinary shares, the Board proposes that the amount of €1,800,000 from the Bank's Profit be capitalised for the purpose of issuing up to 7,210,000 fully paid up ordinary shares ("Share Issue"), to the members of the Bank appearing on the register of members maintained by the Central Securities Depository of the Malta Stock Exchange as at close of trading on 19 September 2022 (trading session of 15 September 2022) ("Shareholders").

b. That the new shares to be allotted pursuant to the Share Issue will be issued at the nominal value of €0.25 per share, and distributed to Shareholders pro rata to their individual holdings, with fractional shares rounded to the nearest whole share; rounded upwards if the fractional entitlement is of 0.5 of a share or more, and rounded downwards if the fractional entitlement is less than 0.5 of a share.

A copy of this Notice, Agenda and Circular, and all other documentation pertinent to the Meeting, are available on the Bank's website: apsbank.com.mt/investor-relations.

Unquote

Graziella Bray B.A., LL.D, FCG Company Secretary