HSBC Bank Malta p l c : Malta announces increased support for the JAYE Malta Foundation

News Release

4 March 2022

HSBC Malta announces increased support

for the JAYE Malta Foundation

The HSBC Malta Foundation is supporting the Junior Achievement Young Enterprise (JAYE) Malta Foundation with a grant of US$350,000 over the next two years. The Funds, which were allocated following a successful application by the HSBC Malta Foundation to HSBC's global 'Future Skills Impact Fund', will help JAYE to continue bringing entrepreneurship and financial literacy into the communities of the Maltese islands via the JAYE Local Council's Project 2021

• 2023.

Within the framework of the project, JAYE Malta will train local businesses to become facilitators of knowledge in their communities. In turn, these businesses, with the support of local communities, will deliver upskilling and reskilling sessions to various sectors of the community, such as school children, the elderly, and people who are out work, in several localities in Malta and Gozo. Delivery of the educational sessions will be carefully tailored to the audience's age and background.

The main topics of the training sessions will include, but will not be limited to, financial management and literacy skills, with an emphasis on credit scoring and creditworthiness and their relevance to individuals' life choices.

Simon Vaughan Johnson, the CEO of HSBC Malta, said: "HSBC is delighted to be able to support this important initiative in our community. Financial literacy is an essential life skill that supports key decisions throughout the various stages in a person's life. The HSBC Malta Foundation has worked closely together with the JAYE Malta Foundation for many years to nurture the financial literacy and entrepreneurial skills of people in our local community and we are honoured to be contributing significant additional support today to ensure that we provide access to the financial skills which everyone needs to lead a successful life."

Chris Vassallo Cesareo, the Chairperson of JAYE Malta Foundation, said: "As a member of Junior Achievement (JA) Worldwide, we have always worked hard to foster economic development by improving the understanding of business, economics, employability, and entrepreneurship. HSBC Malta and the HSBC Malta Foundation have been partners in our efforts for many years, and this project, with HSBC's support, will reach people who are most in the need of acquiring skills that are essential to improve their lives."

The Future Skills project was officially launched on 2 March 2022 and will run for the coming two years. Visit https://futureskills.jayemalta.org/for more information.

This news release is issued by	Registered Office:
HSBC Bank Malta p.l.c.	116 Archbishop Street, Valletta VLT1444
	Web: www.hsbc.com.mt

PHOTOCAPTION: JAYE Malta CEO, Matthew Caruana, addressing attendees at JAYE

Malta Future Skills High Impact Project Launch

PHOTOCAPTION: HSBC Malta CEO Simon Vaughon Johnson, speaking with local

entrepreneur Zen D'Amato Guatam, EcoMarket

HSBC Bank Malta p.l.c.

HSBC Bank Malta p.l.c. is a member of the HSBC Group, whose ultimate parent company is HSBC Holdings plc. HSBC Malta provides a comprehensive range of financial services which are all designed to meet the expanding requirements of its large client base of personal and corporate customers. These include Wealth and Personal Banking, Commercial Banking and Global Markets. Approved and issued by HSBC Bank Malta p.l.c, (116, Archbishop Street, Valletta VLT1444). HSBC Bank Malta is a public limited company regulated by the Malta Financial Services Authority and licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta). HSBC is licenced to conduct investment services in terms of the Investment Services Act (Cap.370. of the Laws of Malta) and is enrolled as a Tied Insurance Intermediary for HSBC Life Assurance (Malta) Ltd under the Insurance Distribution Act (Cap. 487 of the Laws of Malta).

About HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and the Middle East and North Africa. With assets of $2,969bn on 30 September 2021, HSBC is one of the world's largest banking and financial services organisations.

Junior Achievement Young Enterprise (JAYE) Malta Foundation

Junior Achievement Young Enterprise (JAYE) Malta Foundation is a member nation of Junior Achievement (JA) Worldwide which represents a global network of non-profit organisations sharing a common mission and purpose to be leaders in the field of enterprise education. JAYE Malta aims to spur economic development through improving young people's understanding of business, economics, employability and entrepreneurship. www.jayemalta.org