International Hotel Investments Plc

Capital/Financing Update • Apr 1, 2015

COMPANY ANNOUNCEMENT

Annual Reports by Trustee of Sinking Fund

International Hotel Investments p.l.c. is circulating the enclosed reports by Bank of Valletta p.l.c. in terms of the Listing Authority policy on sinking funds.

Alfred Fabri Company Secretary

1st April 2015

Encl.

Bank of Valletta Trustee Services Unit 58 Zachary Street, Valletta VLT 1130 - Malta T: (356) 2275 1565 F: (356) 2275 7383 E: customercare@bov.com bov.com

The Listing Authority Malta Financial Services Authority Notabile Road Attard BKR3000

24th March 2015

Statement issued in terms of the Listing Authority Policy on Sinking Funds:

International Hotel Investments Plc 6.25% €25,000,000 Bonds 2017-2020 Sinking Fund.

This is to confirm that, Bank of Valletta Plc is the appointed Trustee of the above mentioned Sinking Fund that was set up by International Hotel Investments Plc in connection with the above Bond.

As at date of this report, the Trustee of the Sinking Fund holds the sum of €3,059,452, net of the redemption of Bonds from the same Issue having a nominal value of €168,300, which amount is in line with the investment parameters stipulated in the prospectus governing the bond and the policy guidelines established by the Listing Authority.

Mr. Steven Schranz f/ BOV Pic as Trustee

Mr. Antoine Attard f/BOV Plc as Trustee

Registered Office: 58, Triq San Żakkarija, Il-Belt Valletta VLT 1130 - Matta Registration Number: C 2833 Bank of Valletta p.l.c. is authorised to act as a trustee by the Malta Financial Services Authority Bank of Valletta p.l.c. is a public limited company licensed to conduct Investment Services by the Malta Financial Services Authority, Bank of Valletta p.i.c. is an enolled tied insurance intermediary of MSV Life is authorised by the Matta Firencial Survices Authority to carry on long term business of insurance under the Insurance Business Act 1998.

Bank of Valletta Trustee Services Unit 58 Zachary Street, Valletta VLT 1130 - Malta T: (356) 2275 1565 F: (356) 2275 7383 E: customercare@bov.com bov.com

The Listing Authority Malta Financial Services Authority Notabile Road Attard BKR3000

24th March 2015

Statement issued in terms of the Listing Authority Policy on Sinking Funds:

International Hotel Investments Plc 6.25% €35,000,000 Bonds 2015-2019 Sinking Fund.

This is to confirm that, Bank of Valletta Plc is the appointed Trustee of the above mentioned Sinking Fund that was set up by International Hotel Investments Plc in connection with the above Bond.

As at date of this report, the Trustee of the Sinking Fund holds the sum of €6,564,456 which amount is in line with the investment parameters stipulated in the prospectus governing the bond and the policy guidelines established by the Listing Authority.

Mr. Steven Schranz f/ BOV Plc as Trustee

Mr. Antoine Attard f/BOV Pic as Trustee