GAP Developments plc - Bond Repurchase

Monday, January 9th, 2012

On 9 January 2012, GAP Developments plc announced that during the month of December it repurchased €66,423 (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 €32.71 million.

Between May and December, GAP Developments plc has repurchased and subsequently cancelled a total of €2.23 million (nominal) from its original issue of €35 million.

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