Grand Harbour Marina plc - Oversubscription of Placed Portion

On 8 February, Grand Harbour Marina plc announced that it has received applications substantially in excess of the amounts reserved for preferred applicants’ (shareholders and berth owners) and for financial intermediaries during the pre-placement stage. In terms of the Prospectus dated 25 January 2010, the Company reserved €1 million for Preferred Applicants and a further €5 million for pre-placements.

Since the total demand substantially exceeded the €6 million available, Grand Harbour Marina stated that save for any unexpected circumstances, the issue of €10 million bonds together with the over-allotment option of a further €2 million is likely to be subscribed immediately upon the opening of the issue period on the 11 February 2010.

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