International Hotel Investments plc - Interim Directors’ Statement

On 11 September, Island Hotels Group Holdings plc announced that since 30 April 2014 (marking the end of the Group’s interim financial period), all areas of the Group performed well with the operating results of the five star hotels and vacation ownership continuing to exceed expectations. The event catering and retail catering elements of the business are also performing in line with expectations.

As such, barring any unforeseen events during the last two months of the Group’s financial year ending 31 October 2014, the Directors expect that the Group’s aggregate operating profits will be better than the €3.3 million operating profit registered in the previous financial year.