Izola Bank is issuing €7,000,000 in five-year Secured Notes of a nominal value of €1,000 issued at par bearing an interest rate of 5.35 per cent per annum payable annually as from 30 June 2011. In the case of over-

subscription, the Secured Notes may be increased by another €2 million.

The proceeds from these Secured Notes will be used principally to support the general growth of the bank and specifically to further the bank’s factoring and lending activities.

Izola Bank is a fully-owned subsidiary of the Van Marcke trading and manufacturing group of Belgium. With a turnover of €400 million in 2008, the group operates in Belgium, France, The Netherlands, the US, Switzerland and Luxembourg. It was established in 1929 and currently has over 1,600 employees.

Based in East Street, Valletta, Izola Bank was established in Malta in 1994, primarily to provide cash management and treasury services to the Van Marcke Group. In recent years it has expanded its customer base to provide Internet banking services to customers in the Belgian and French markets. Last year the bank also launched fixed-term deposit products on the Maltese market.

“The response from Maltese customers to Izola Bank’s first local products has been very positive and has exceeded the bank’s expectations. We are confident that Maltese investors will react with similar enthusiasm to the Secured Notes issue,” said general manager Andrew Mifsud.

Copies of the Prospectus are now available from

financial intermediaries and subscriptions close on the morning of Monday, 21 June.