Company News & Events

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Bank of Valletta plc: 37th Annual General Meeting held and Appointment of Directors   «Back
Date: 17/12/2010

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COMPANY ANNOUNCEMENT BOV192

The following is a Company Announcement issued by Bank of Valletta p.l.c. pursuant to the
Malta Financial Services Authority Listing Rules:

Quote

Bank of Valletta p.l.c. (the Company) announces that the Thirty Seventh Annual General
Meeting, held on Thursday 16 December 2010, approved all the resolutions on the agenda,
namely:

ORDINARY RESOLUTIONS

That the Profit and Loss Account and Balance Sheet for the year ended 30 September 2010,
and the Directors’ and Auditors’ Reports thereon, be hereby received and approved.
That a gross final dividend of €0.16 per share, which represents a gross payment of
€32,000,000, as recommended by the Directors, be hereby approved for payment on the 17
December 2010.

That the reappointment of Deloitte Malta, jointly with Deloitte United Kingdom, as Auditors, be
hereby approved, and the Board of Directors be hereby authorised to fix their remuneration.

SPECIAL BUSINESS - EXTRAORDINARY RESOLUTIONS

Amendments to the Memorandum and Articles of Association

a) Compliance with the Listing Rules transposing Directive 2007/36/EC (the
Shareholders’ Rights Directive).
b) Clarifications to clause 7 of the Memorandum and to Articles 3, 8.4, 18, 48.5, 60.2.3,
63 and 72.2, as explained in the Circular to Shareholders.

These amendments were published in Company Announcement BOV/191 on the
26 November 2010.

Changes in Share Capital

(i) That with effect from Wednesday 12 January 2011, the text of the current clause 4 of
the Memorandum of Association is deleted and substituted by the following text:

“4. The authorised share capital of the Company is €300,000,000 divided into
300,000,000 shares of €1.00 each.

The issued and fully paid up capital is €240,000,000 divided into 240,000,000
ordinary shares of a nominal value of €1.00 each.”

Dr Catherine Formosa BA LLD

Company Secretary
17th December 2010