- Lifting of suspension of trading in 8.25% Suncrest Bonds

The Board of Drectors of Suncrest Hotels plc announced that the Listing Authority have lifted the trading suspension on the 8.25% Suncrest Bonds 2005-2007 as the processing and conversion of bond issue by AX Investments plc has been finalised.

A total of 1,665,900 8.25% Suncrest Bonds 2005-2007 have been converted to the 6.7% AX bonds. As a result 1,183,500 8.25% Suncrest Bonds 2005-2007 remain outstanding and will be redeemed on 23 March 2007.

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