GAP Developments plc - Bond Repurchase

Tuesday, February 7th, 2012

On 7 February 2012, GAP Developments plc announced that during the month of January it repurchased €467,028 (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 €32.25 million.

In 2011, GAP Developments plc repurchased and subsequently cancelled a total of €2.23 million (nominal) from its original issue of €35 million.

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