Corinthia Finance plc - Allocation Policy

Thursday, April 14th, 2016

On 14 April, Corinthia Finance plc announced its allocation policy with respect to its recent €40 million 4.25% 2026 unsecured bond offering. The Company received a total amount of €62.55 million from Existing Bondholders of the 6.25% 2016-2019 unsecured bond which surrendered their respective Exchangeable Bonds into the new bonds. Thus the Intermediaries’ Offer was cancelled.

The Company received €33.41 million in transfers of Exchangeable Bonds (representing a high take-up of nearly 84%) which will be allocated in full.

With regards to the excess monies received from existing bondholders for the remaining balance amounting to €6.59 million, Corinthia Finance will be satisfying the first €2,000 of subscriptions for additional bonds plus a further 5.975% of the remaining balance of all such applications, rounded to the nearest €100.

Interest on the new bonds commenced as from 12 April 2016 and refunds of unallocated monies will be made by 21 April 2016. The Bonds are expected to be admitted to listing on the Official List of the Malta Stock Exchange on 21 April 2016 and trading is expected to commence on 22 April 2016. Furthermore, it is expected that the 6.25% Corinthia Finance plc 2016 bonds will resume trading as from 22 April 2016 and shall be redeemed on 24 September 2016.

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