- Bond Repurchase

On 24 August 2012, GAP Developments plc announced that during the month of July it repurchased €743,756 (nom) of its 7% Secured bonds 2011-2013 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 due to mature on 30 April 2013 has been reduced to €28.68 million.