There was a strong and positive response both by members of the public and institutional investors to the latest Government Stock issues.

By closing dates (5.00pm Wednesday 6th August 2008 and noon Friday 8th August 2008), the Treasury had received 1,245 applications having a total value exceeding Euro 168 million against the authorised sum on issue of Euro 100 million (subject to an over-allotment option for an additional amount of Euro 50 million).

Out of these applications/bids, Treasury has accepted a total nominal value of Euro 127,345,900 to be allotted amongst the two stocks on issue as follows:

· MGS 5.00% 2021(I) issued at 97.2 – Euro 21,683,000 and

· MGS 5.10% 2014 (III) issued at 99.45 – Euro 105,662,900.

The Treasury announces that all subscriptions by members of the public, amounting to Euro 14,545,900 will be accepted in full while the offers by the institutional investors will be allotted in the order of the bid price offered.

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