- Bond Repurchase

On 8 August 2011 GAP Developments plc announced that during the month of July 2011 it repurchased €84,613 (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 this buy back, the total amount of outstanding bonds has been reduced to €34.1 million.