S.L. 575.4 Art. 6Publication of a GeneralProspectus and an offering circular.

(1) In terms of article 25(1) of the Act, the

Accountant General shall publish:

(a) a General Prospectus which shall contain the general terms and conditions of Malta Government Stocks; and

(b) the offering circular which shall contain the specific and final terms and conditions related to that issue including the issuance amount.

(2) The General Prospectus sets out some of the important terms under which the Stocks are issued and information related to it including:

(a) general information on the applicable legal framework of issuance and the main features and characteristics of the Malta Government Stocks;

(b) the different types of Malta Government Stocks issued;

(c) information on the issuance mechanism including, competitive and non-competitive issuances;

(d) methods of application for Stock, including bidding, pricing and indicative pricing guidelines;

(e) Fungibility (Tap) Issues;

(f) settlement of successful bids and applications;

(g) allotment policy and refunds of monies in respect of prepaid unallotted applications;

(h) conversions and switch auctions;

(i) information on the computation of first interest (coupon) payment and coupon interest calculation thereafter;

(j) method of payment in respect of payment of coupon interest and payment of principal on maturity;

(k) underissuance;

(l) registration, notices of registration and the Register;

(m) full terms of the Collective Action Clauses;

(n) taxation; and

(o) security, prescription, jurisdiction, governing law, data protection clauses and right of revision of the General Prospectus.

(3) The offering circular shall contain the specific terms and conditions linked to a particular Malta Government Stock issuance, including:

(a) the issuer and the specific legal framework applicable to the particular issuance;

(b) the sum of money to be raised;

(c) the description of the Stock or Stocks on issue;

(d) the method of issuance;

(e) information on the application for the Stocks to be admitted to the Official List and for admissibility to trading on the Stock Exchange;

(f) the opening and latest dates and time for receipt of applications;

(g) reference to announcements in respect of:

(i) pricing guidelines linked to competitive auctions; and

(ii) publication of pre-announced fixed prices for non-competitive applications;

(h) the methods of application in the Malta Government Stock issuances;

(i) maturity date of the Stock;

(j) settlement of competitive bids and non-competitive applications;

(k) interest, including frequency and interest payment dates;

(l) computation of first interest payment date;

(m) the rate, if any, at which a half-yearly appropriation out of the general revenue and assets of the Government of Malta shall be made as a contribution to the sinking fund established for the purpose of redeeming that stock and the period within which such contribution shall commence; and

(n) any other terms and conditions specifically applicable to the Malta Government Stock on issue.