APS Bank Plc

Board/Management Information • May 10, 2024

Appointment of Directors

10 May 2024 APSB66

Further to today's Company Announcement APSB65 confirming the outcome of the Resolutions presented at the Annual General Meeting (the "Meeting") held on 9 May 2024, this update refers to the other item on the agenda of the Meeting, i.e. 'Appointment of Directors.

Since, as previously announced, Mr Victor E Agius did not seek re-appointment after the conclusion of the Meeting, Ms Leslie Janet Stephenson was appointed in his stead. Regulatory approval in her regard has meanwhile been obtained.

Further also to Company Announcement APSB64 of 9 May 2024, the Board is now composed of the following Directors: Dr Ing Joseph C Attard, Prof Juanito Camilleri, Dr Laragh Cassar, Mr Noel Mizzi, Mr Michael Pace Ross, Mr Martin Scicluna (Chair), Ms Leslie Janet Stephenson and Ms Marisa Xuereb.

Leslie Janet Stephenson

Leslie Janet Stephenson resides at 73 St. James's Street, Flat 19, St. James's SW1A1PH, London UK. She is a senior executive with an accomplished track-record spanning more than 30 years in international financial services. Having spent over 15 years at HSBC in Asia-Pacific, the Middle East and the UK, she brings overarching expertise and proven experience at delivering large-scale transformational change in complex, highly regulated industries. Prior to joining HSBC, Ms Stephenson held various leadership roles in Canada and in the US, in the areas of distribution, operations and new product development at Manulife Financial and London Life Insurance Company. She is currently a non-executive director on the board of Trident Royalties plc.

Leslie Janet Stephenson holds a BA and an MBA from the University of Western Ontario, and is a Chartered Life Underwriter (CLU). She is also a fully qualified non-executive director.

Ms Stephenson is actively involved in the broader professional and public community, serving as Deputy Chair of The In & Out Club (Naval and Military Club), Chair of the Western University UK Foundation and former Vice Chair and current Board Observer of the Canada-UK Chamber of Commerce. She is a Liveryman of the Worshipful Company of International Bankers and is the past Treasurer of the HSBC Wayfoong Club Committee, a fellowship of serving and retired international managers.

Ms Stephenson will chair the Risk Committee and sit on the Nominations and Remuneration Committee, for which roles regulatory approval has also been received.

There are no matters concerning Ms Stephenson that require disclosure under the Capital Markets 5.20.5 to 5.20.9.

Unquote

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