International Hotel Investments plc - Allotment of shares to Bayan Investments Co. of Kuwait and National Projects Holding (NPHC).

Further to the company announcement on 2 May 2006, the Board of Directors of International Hotel Investments plc has given the approval for the issue and allotment of 1,972,995 shares of 1 euro each to Bayan Investment Co of Kuwait and 2,000,000 shares of 1 euro each to National Projects Holding Company (NPHC).

The shares have been admitted to the Official List of the Malta Stock Exchange with effect from 17 July 2006. These securities will commence trading on 18 July 2006.

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