Whereas the Company’s business involves carrying out securitization transactions in terms of the Securitisation Act, Chapter 484 of the Laws of Malta (the “Business”);

Whereas the Company has issued exchange traded instruments named Immogrund Invest EUR Asset Backed ETI having ISIN MT0000961376 (hereinafter – the “ETI Units”) under linked compartment 41;

Whereas ETI Malta Ltd, in respect of compartment 18, as collateral obligor of the compartment 41, at the date of the Redemption of the Performance Linked Bonds, was in possession of below assets with the status:

Security Type Issuer Status
Bond Immogrund Invest GmbH Default

Whereas the Company, in respect of linked compartment 41 has completed the Redemption of Performance Linked Bonds

THEREFORE, the Board of Directors, in respect of said compartment 41 hereby resolves the following:

  1. To recognise Redemption of the Performance Linked Bonds at 0.1EUR per Performance Linked Bond
  2. To approve Redemption and Termination of ETI units at 0.1EUR per ETI unit
  3. To approve the gross amount to be paid in amount of 31.3EUR
  4. To notify all and any third parties and / or authorities as may be necessary to affect the above-mentioned cancellation / termination of the Bonds and ETI units.

This resolution may be executed in counterpart. Each counterpart is to be read as an original document and all such counterparts are to be deemed as representing the same document.

Signed and executed on the: 5th March 2019