International Hotel Investments plc - New Bond Issue

International Hotel Investments plc announced a new €30 million 10-year bond issue at a coupon of 6.25% per annum. The bonds have a final maturity date of 10 July 2019 but may be redeemed anytime between 11 July 2015 and 9 July 2019. The Issuer also reserves the right to increase the amount up to a further €5 million in the event of over-subscription. Interest is payable annually on 10 July with the first payment date being 10 July 2010.

IHI is reserving €10 million worth of bonds at pre-placement stage for Preferred Applicants (i.e. shareholders and bondholders of International Hotel Investments plc as well as bondholders of Corinthia Finance plc and Mediterranean Investment Holdings plc). The pre-placement exercise is taking place on Friday 26 June 2009 and preferred applicants may submit an application for a minimum of €1,000 (nominal) and in multiples of €100 thereafter. Subscriptions from preferred applicants may not exceed €100,000. Meanwhile, minimum subscriptions at pre-placement stage from other investors are at €2,500 (nominal) and also in multiples of €100.

The General Public Offer opens on Tuesday 30 June 2009 and closes on Friday 3 July 2009 or earlier in the event of over-subscription. Applications during the General Public offer are for a minimum of €1,000 (nominal).

International Hotel Investments plc has submitted an application for the new bonds to be admitted to the Official List of the Malta Stock Exchange.

For further information on the bond issue and the IHI Group, investors are requested to complete a feedback form or visit www.ihiplc.com.