€100,000,000 of government stocks to be issued

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€100,000,000 of government stocks to be issuedThe Accountant General announces the issue of €100,000,000 Government Stocks subject to an over-allotment option of an additional sum of €20,000,000 on Wednesday, 5th August, 2009 as follows:

(i) 3.6% Malta Government Stock 2013 (IV) Fungibility Issue, and

(ii) 5% Malta Government Stock 2021 (I) Fungibility Issue, or of

(iii) Any combination of the above two Stocks shall in the aggregate be €100,000,000

The price for each Stock shall be established on Friday 31st July 2009. Such price shall be announced to the Malta Stock Exchange, published in the daily local newspapers and through a Press Release by the Department of Information.

The issue closes on the time and dates as hereunder, or earlier at the discretion of the Accountant General:

(i) at 12.00 noon on Saturday 8th August, 2009 for applications by any single and/or joint applications which in the aggregate do not exceed €100,000 per person, and

(ii) at 12:00 noon on Tuesday 11th August, 2009 for applications in the form of sealed bids (auction). The allotment results of each stock to applicants whose applicants are in the form of sealed bids (auction) will be determined and announced within two hours immediately after the closing time of applications by auction.

Application forms may be obtained from and lodged at, all members of the Malta Stock Exchange and other authorised Investment Service Providers. Application forms may also be downloaded from the Treasury website.

More information on these stocks is found in their respective prospectus and on the Treasury website at www.treasury.gov.mt.

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