Mediterranean Bank plc – New Bond Issue

Mediterranean Bank plc (the Issuer) announced the issue of €15 million 6% Subordinated Unsecured bonds 2019-2024 in Euro and Pounds Sterling (with an over-allotment option of €10 million). Part of the net proceeds from the issue of the Bonds will be used for the purpose of purchasing Mediterranean Bank plc 6.25% bonds due to mature on 30 October 2015 (the “Exchangeable Bonds”). In this respect, the Issuer is giving holders of the Exchangeable Bonds preference to subscribe to the euro denominated Bonds by surrendering all or part of their respective Exchangeable Bonds in favour of the Issuer, up to an aggregate amount of €15,000,000. A discount of 4% is applicable on the nominal amount of Bonds allocated as consideration for the transfer to the Issuer of Exchangeable Bonds. Such discount shall be payable in the form of a one-time cash payment. Minimum application is of €25,000 or £20,000. Exchangeable bond holders can apply up to November 20, 2014, while the intermediary offer will take place on November 21, 2014.

For more information contact us by e-mail on [email protected] or call one of our offices in Hamrun, Valletta, Ta' Xbiex, St Paul's Bay and Birkirkara on freephone 80072206. Interested clients should refer to the Prospectus dated November 3, 2014 which may be obtained from our office in hard copy or electronically by e-mail on request or by viewing on our website www.jesmondmizzi.com.