1. The Malta Financial Services Authority [“MFSA”] refers the public to a statement dated 15th January 2013, issued by Ernst & Young, the Supervisory Commissioner appointed by the Luxembourg district court in November 2011. This statement is intended to provide the public with additional information following the announcement made by ARM on 16th November 2012 on the Irish Stock Exchange of the outright sale of the life settlement policies in ARM’s portfolio to the Financial Credit Investment Limited [“FCIL”]. A copy of this statement can be found on:

http://www.ey.com/LU/en/Newsroom/News-releases/release_20130115_ARM-Asset-Backed-Securities

In this communication, the Supervisory Commissioner is reminding investors that it is not in a position to communicate with the individual investors about their personal circumstances since the Board and management of ARM is still in place. Any queries should therefore be addressed directly to the Board of ARM.

On 26th November 2012, E&Y in its capacity as Supervisory Commissioner has instructed the Board of Directors of ARM to:

[1] prepare interim financial statements of the company including the accounting for FCIL’s transaction and determination of the resulting value of the outstanding bonds and

[2] prepare individual statements of each bondholder’s situation after taking into account the result of the FCIL transaction.

With regards to the “pending monies” and the “pending investors”, the UK’s Financial Services Authority (“FSA”) has placed a ‘freezing order’ on those funds until ownership can be finalised. Furthermore, the FSA has requested that ARM provides a legal opinion supporting ARM’s stance that those monies belong to ARM. This legal opinion has not yet been provided to either E&Y nor to the FSA.

The MFSA refers to the petition lodged by ARM against the Commission de Surveillance du Secteur Financier (“CSSF”) in the Luxembourg administrative first instance court. On 12th December 2012, the CSSF informed investors that the Luxembourg administrative tribunal declared that the petition lodged by ARM before the Luxembourg first instance court is unfounded. In their press release, the CSSF is stating that the Luxembourg administrative first instance court’s judgement does not have an immediate impact on the Supervisory Commissioner’s role. The regime of supervision of payments by ARM and the prohibition for ARM to take any measure other than protective, unless otherwise authorised by E&Y, still remains in place. A copy of the press release can be accessed from:

http://www.cssf.lu/fileadmin/files/Publications/Communiques/Communiques_2012/CP_1250_ARM_121212.pdf