Certain Common Stock of Malvern Bancorp, Inc. are subject to a Lock-Up Agreement Ending on 1-JAN-2019. These Common Stock will be under lockup for 90 days starting from 3-OCT-2018 to 1-JAN-2019. Details: The company, and each of its executive officers and directors, have agreed, for the period beginning on and including the date of the prospectus supplement through and including the date that is 90 days after the date of the prospectus supplement, not to (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale of, or otherwise dispose of or transfer any shares of the Company’s common stock or any securities convertible into or exchangeable or exercisable for common stock or file any registration statement under the Securities Act with respect to any of the foregoing or (ii) enter into any swap or any other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of the common stock, whether any such swap or transaction is to be settled by delivery of common stock or other securities, in cash or otherwise.