GAP Developments plc - Bond Repurchase

Monday, November 14th, 2011

On 14 November 2011 GAP Developments plc announced that during the month of October it repurchased €260,286 (nom) of its 7% Secured bonds 2011-2013 as permitted in the Prospectus dated 21 March 2007. The Company explained that these bonds were repurchased from bondholders and subsequently cancelled. Following this buy back, the total amount of outstanding bonds has been reduced to €32.84 million.

During the past 6 months, GAP Developments plc has repurchased and subsequently cancelled a total of €2.096 million (nominal) from its original issue of €35 million.

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