The Accountant General today announced the issue of €100 million government stocks subject to an over-allotment option of an additional sum of €50 million on Monday, 4th August, 2008 as follows:

(i) 5.1% Malta Government Stock 2014 (III) (Fungibility Issue), or

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

(iii) Any combination of the two stocvks.

The price for each stock will be established three days prior to opening of the applications.

The issue closes at 5pm on Wednesday, 6th August 2008 for applications by any single and/or joint applications which in the aggregate do not exceed €100,000 per person, and at noon on Friday, 8th August 2008 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.

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

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

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