International Hotel Investments plc - Listing of €12.5 million 6.5% IHI Bonds

Monday, March 27th, 2006

The Board of Directors of International Hotel Investments plc announced that Euro 12,500,000 6.5% Bonds 2012-2014 have been Admitted to the Official List of the Malta Stock Exchange today and will start trading tomorrow.

The Bond Issue is intended to fund part of the project costs for the existing Corinthia Nevskij Palace Hotel in St Petersburg, in the Russian Federation and the development of two sites adjoining the hotel.

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