VBL Plc

Report Publication Announcement • Mar 25, 2022

VBL Plc (C56012)

("the Company")

COMPANY ANNOUNCEMENT

Board Meeting for Approval of Financial Statements Held

Date: 25 March 2022 Ref. VBL5/2022

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

QUOTE

Reference is made to the company announcement issued by the Company on the 10 March 2022 (Ref: VBL4/2022) in which the Board of Directors of the Company announced that it was scheduled to meet on the 24 March 2022.

The Board of Directors met and approved for publication, the financial statements of the Company for the year ended 31 December 2021, 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 20 April 2021. These 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 €160,000 that is €0.065 per ordinary share of €0.20 to be paid by no later than the 30 June 2022.

Further details concerning the Annual General Meeting will be provided shortly.

Dr Mikiel Calleja Company Secretary

54, Marsamxett Road, Valletta, VLT 1853, Malta

DIRECTORS' DECLARATION ON ESEF ANNUAL FINANCIAL REPORTS

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 2021 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")1 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).

or Andrei Imbroll Director Date: 14 03 . 22

Dr Geza Szephalmi Director Date: 24.03.22

54, Marsamxett Road, Valletta, VLT 1853, Malta

Tel .: +356 27 133 344 Web: www.vbl.com.mt

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 (MFSA).