International Hotel Investments Plc

Capital/Financing Update • Jun 24, 2016

COMPANY ANNOUNCEMENT

Issue of €55 million International Hotel Investments p.l.c. Secured Bonds 2026

The Board of Directors of International Hotel Investments p.l.c. (the 'Company') announces that it has submitted an application to the Listing Authority of the Malta Financial Services Authority requesting admissibility to listing €55 million in Secured Bonds redeemable in 2026 (the 'New Bonds').

Subject to regulatory approval, IHI shareholders will be given preference to subscribe to the first €30 million of the New Bonds. The Cut-Off Date for such eligibility shall be 30th June 2016 (being the settlement date for MSE trades effected on 27th June 2016).

Further information on the New Bonds will be available after the necessary approval from the Listing Authority.

Alfred Fabri Company Secretary

24th June 2016