- Bond Repurchase

On 8 July 2011 GAP Developments plc announced that during the month of June 2011 it repurchased €310,000 (nom) of its 7% Secured bonds 2013 as permitted in the Prospectus dated 21 March 2007. The Company explained that these bonds were repurchased from bondholders and subsequently cancelled. Following the previous buyback of €406,045 (nom), the total amount of outstanding bonds has been reduced to €34.2 million.