Securities Act of 1933
Rule 902(b)

July 9, 2013

RESPONSE OF THE OFFICE OF INTERNATIONAL CORPORATE FINANCE
DIVISION OF CORPORATION FINANCE

Dear Ms. Muscat:

This letter will confirm the response of the Division of Corporation Finance to your request that the Division designate the Malta Stock Exchange plc as a "designated offshore securities market" within the meaning of Rule 902(b) of Regulation S under the Securities Act of 1933. A copy of your letter is enclosed in order to avoid having to recite or summarize the facts set forth therein. On the basis of the facts presented, we hereby so designate the Malta Stock Exchange plc.

Pursuant to delegated authority,

Incoming Letter:

The Incoming Letter is in Acrobat format.

http://www.sec.gov/divisions/corpfin/cf-noaction/2013/malta071213.htm