International Hotel Investments plc - Bond Issue Subscribed

On 27 March 2019, International Hotel Investments plc announced that the entire amount of €20 million of the new 4% unsecured bonds maturing in 2026 has been allocated to Authorised Financial Intermediaries through an Intermediaries’ Offer which took place on 22 March 2019.

The new bonds will now be admitted to listing on the Malta Stock Exchange on 28 March 2019 and trading will be possible as from 29 March 2019. Moreover, following the payment of the first interest due on 20 December 2019 covering the period from 22 March 2019 to 19 December 2019, the new bonds will merge with the existing €40 million 4% unsecured bonds 2026, and subsequent interest payments will cover the annual period from 20 December to 19 December of ensuing years during the lifetime of the bonds.