International Hotel Investments plc - Issue of New Shares

On 18 July, Island Hotels Group Holdings plc issued an update to the company announcement dated 7 September 2011 in relation to the acquisition of 50% of the share capital of Buttigieg Holdings Limited which is the parent company of the 100% owned subsidiary R.J.C. Caterers Limited – a company operating mainly in the retail and contract catering sector.

The acquisition agreement stipulated that Island Hotels Group Holdings plc initially issues 1,070,960 ordinary shares in the Company to the selling parties. Furthermore, the agreement contemplated the issuance of a further 243,500 ordinary shares upon the satisfaction of certain additional conditions. The announcement explained that these additional conditions have been met and as such the Company will issue and allot new Island Hotels Group Holdings plc shares within ten days of this announcement as follows:

John Buttigieg – 146,100 shares

Pierre Bartolo – 63,310 shares

Maria Mifsud – 34,090 shares

The issuance of new shares is in conformity with the approval granted by shareholders during the Annual General Meeting held on 19 May 2010.

An application for the listing of these new shares on the Official List of the Malta Stock Exchange has also been submitted.