APS Bank Plc

Capital/Financing Update • Oct 11, 2023

Announcement of a Bond Issuance Programme

11 October 2023 APSB52

Further to the authorisation received by the Annual General Meeting of 16 May 2023 as communicated in Company Announcement APSB46, the Board of Directors of APS Bank met today and approved: i) a base prospectus in respect of the Bond Issuance Programme, and ii) an application requesting admissibility of the Programme to listing.

Subject to receiving regulatory approval of the base prospectus, the Bank will be issuing the first series of bonds under the Programme, i.e. an issue of up to €50 million 5.8% unsecured subordinated bonds due 2028–2033.

Further information, including the publication of the base prospectus and final terms, will be made available upon receipt of the necessary approval by the Malta Financial Services Authority.

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