International Hotel Investments plc - Interim Directors’ Statement

On 9 September 2011, Island Hotels Group Holdings plc (IHG) published its Interim Statement explaining that during the three months ended 31 July, the overall performance of the Group was satisfactory despite the volatility and competition inherent in the tourism industry. The Directors expect the results for the financial year ending 31 October 2011 to be similar to those registered in the previous financial year when a loss of €0.65 million was registered.

The announcement also made reference to the completion of the 50% investment in Buttigieg Holdings Ltd on 7 September 2011. Details of this transaction may be found at https://rizzofarrugia.com/news-events/2011/completion-of-investment-in-buttigieg-holdings-limited/.