On 19 February 2008, Valletta Fund Management Limited hosted the 12th Annual General Meeting for the shareholders of the La Valette Funds SICAV plc at the Grand Masters Suite, Hilton Malta, St Julians. During the meeting, the directors reported that the net asset value of the La Valette Funds SICAV plc as at 30 September 2007 stood at £308.73 million, an increase of 10.97 per cent over that registered as at 30 September 2006.

During the Annual General Meeting the directors presented the shareholders with the annual report and financial statements of the company for the year ending 30 September 2007, which included an informative market report. During the meeting the members present approved all the resolutions on the agenda.

The Annual General Meeting was followed by two presentations. Mr David Pace Ross, on behalf of Bank of Valletta plc as the sub-advisor to the La Valette Malta Fund and La Valette Malta Bond Fund delivered a presentation on the review and the outlook of the local market, while Mr Mark Vella, head, Valletta Fund Management Limited provided the Shareholders present with a review and outlook of the major international capital markets as well as a review on the performance of the La Valette Funds throughout the year ended 30 September 2007.

The range of seventeen sub-funds under the La Valette Funds SICAV plc provides investors with a broad range of investment solutions across the main asset classes, namely cash, bonds, equities as well as real estate property.

Valletta Fund Management Limited has built a very successful track record in managing investment funds, and today provides investors with a comprehensive range of domestic and international investment solutions with different risk profiles, designed to meet the various financial needs of investors, be it income, capital growth or a combination of both.