Company Announcement – 13th to 19th July 2005

Government Stocks Issue   On Thursday 14th July, the Treasury announced the following fungible issues of Malta Government Stocks:   v      Issue of Lm15 million 5% MGS 2021 for subscription by the general public at 102% for every Lm100 nominal (gross redemption yield 4.82% per annum) and by tender for amounts in excess of Lm50,000 (nominal) at a minimum tender price of 102%.   v      Issue of Lm25 million 5.7% MGS 2012 (III) on offer by tender nominal at a minimum tender price of 109.70% (minimum application of Lm50,000)   The accountant General reserves the right for the Treasury to issue an additional Lm15 million for over-allotment in the shorter-dated stock and Lm10 million in the longer-term issue.   MGS subscriptions will open next Thursday 21 July and close on Tuesday 26th July.     HSBC Bank Malta plc   Last Friday, 15th of July, HSBC announced that the Board of Directors are scheduled to meet on the 22nd of July to discuss and approve the publication of the Group’s and the Bank’s Interim Accounts of the half yearly results ending 30th June 2005, and to consider  the declaration of an interim dividend.   Suncrest Hotels plc   The Board of Directors of Suncrest Hotels plc is scheduled to meet on Wednesday, July 27, 2005, to approve the Company’s Interim Accounts for the six months ended April 30, 2005.