Further to the Authority’s proposal to the European Central Bank (ECB) to withdraw the
authorisation of Pilatus Bank as a credit institution, the ECB’s Governing Council has decided
to withdraw the authorisation of Pilatus Bank with effect from today.

The Competent Person remains in control of Pilatus Bank in terms of the Banking Act as
communicated in Public Statement 03/2018 dated 2 April 2018. All of the regulatory measures
taken in relation to the bank remain in full force and applicable until further notice by the
Authority.

Further information may be obtained by accessing the Authority’s webpage
www.mfsa.mt.

Any communication in relation to Pilatus Bank should be addressed to the bank on 356 2779
9999 or the Authority on contact number Freephone 80074924.

MFSA Ref: 28-2018