- Bond repurchase

On 31 May 2011 GAP Developments plc announced that on 25 May and 26 May 2011 it repurchased €406,045 (nom) of its 7% Secured bonds 2013 at a price between 98.50% and 99% from bondholders as permitted in the Prospectus dated 21 March 2007. The Company explained that these bonds were repurchased from bondholders and subsequently cancelled. The total amount of outstanding bonds has been reduced to €34.5 million.