International Hotel Investments Plc

Pre-Annual General Meeting Information • May 23, 2019

COMPANY ANNOUNCEMENT

Notice of annual general meeting and resolutions

International Hotel Investments p.l.c. will hold its 19th Annual General Meeting (AGM) at 11am on 13 June 2019 at Corinthia Hotel St George's Bay, St Julians.

The notice of the AGM and the resolutions which will be presented for consideration at the AGM are enclosed.

Alfred Fabri Company Secretary

Encl.

23 May 2019

19th Annual General Meeting 2019

Notice to Shareholders in Terms of Article 13 of the Articles of Association

Notice is hereby given of the nineteenth Annual General Meeting of International Hotel Investments p.l.c. (the "Company") to be held at Corinthia Hotel St George's Bay, St Julian's, on Thursday, 13 June 2019 at 11:00 am for the purpose of considering the following matters:

Ordinary Resolutions:

• 1. That the consolidated statements of the Company for the year ended 31 December 2018, together with the Directors' Report and the Auditors' Report thereon, be and are hereby approved.
• 1. That a net dividend of €0.02 per share, which represents a net payment of €12.314 million as recommended by the Directors to be distributed in cash, be and is hereby approved.
• 1. That PricewaterhouseCoopers be and are hereby appointed as auditors of the Company and that the Directors be and are hereby authorised to fix their remuneration.
• 1. The appointment of Directors.

Extraordinary Resolutions:

1. That the current Memorandum and Articles of Association of the Company be and are hereby abrogated and replaced by the new Memorandum and Articles of Association (a copy of which was made available to members at the registered office of the Company and on the Company's website since the dispatch of the notice convening this meeting), amended as explained in the Shareholders' Circular dated 13 May 2019 and circulated together with the notice convening this meeting.

By Order of the Board,

Alfred Fabri Company Secretary 13 May 2019

NOTES

1. Record Date

This notice has been mailed to the Members registered as at 13 May 2019. Only such Members shall be entitled to attend and vote at the Annual General Meeting.

2. Participation and voting by Members

A shareholder may participate and vote at the Meeting in any of the following ways:

• a) By personally attending the Meeting; or
• b) By submitting a proxy form to the Company.

Personal Attendance

Members who wish to participate personally at the meeting shall attend in person at the Meeting on the appointed day. (See "Admission to Meeting")

Participation by Proxy

may participate by proxy by completing the proxy form dispatched to all Members together with this notice and sending same to the of the Company Secretary not later than 48 hours before the time appointed for the meeting. A Member

A proxy form may be sent to the Company either:

to 22 Europa Centre, Floriana FRN 1400, Malta; or b) By electronic means on companysecretary@ihiplc.com a) By mail

In case of proxies sent by email to the address above, the email should have attached thereto a copy of the proxy form duly completed and signed by the shareholder or a duly authorised person on behalf of a corporate/institutional Member.

3. Completing the Proxy Form

Members are to complete all details required on the proxy form fully, clearly and accurately. This includes:

• a) Indicating whether they wish to appoint as their proxy the Chairman of the meeting or another person. In the case that a Member wishes to appoint a person other than the Chairman of the Meeting as proxy, the full name, address and Identity Card number of the proxy are to be clearly and legibly inserted in the appropriate space;
• b) Indicating whether the Member wishes the proxy to vote as he/she wishes or whether the member wishes to indicate how the proxy is to vote. In either case a mark ought to be made in the appropriate box indicated in the proxy form. In the event that no such indication is made it shall be deemed that the Member authorises the proxy to vote as he/she wishes, unless the Member indicates how he/she wishes the shares held to be voted by inserting the number of shares or another appropriate mark against the relevant resolutions, in which case the proxy shall be deemed authorised to vote only as indicated by the Member in the proxy form;
• c) Where a Member wishes to have his/her proxy to vote in a particular manner then he/she should indicate his/her voting preference in the appropriate box against each resolution. The use of a cross or a mark (instead of putting a number of votes) in the appropriate space on the ballot paper under either 'FOR' or 'AGAINST' will be interpreted that the Member has assigned all the votes either 'FOR' or 'AGAINST' the resolution as the case may be. If a cross or a mark is placed in both 'FOR' or 'AGAINST' for the same resolution, then the Member's vote on that particular resolution will be invalid.

Any resolution remaining unmarked on the ballot paper will be treated as an abstention.

4. Participation in Voting

Shareholders wishing to participate simply by having their votes taken into account at the Meeting should in the proxy form in favour of the Chairman of theMeeting and then proceed to indicate in the proxy form how they wish the Chairman to vote on each resolution to be taken at the Meeting.

5. Admission to the Meeting

• a) In order to be admitted, a Member is to present his Identity Card and the Admission Form enclosed with this documentation.
• b) In the case of shares held jointly by several persons, except in the case of shares held jointly by husband and wife, the named joint holder on the Register of Members shall be eligible to attend and vote at the Meeting.
• c) A single representative of a joint shareholding, who is not the named on the Register, will only be eligible to attend and vote at the Meeting if a Form of Proxy has been duly executed in his favour by all other joint holders.
• d) In the case of shares held jointly by husband and wife, both the husband and wife, or either of them, may attend the Meeting.
  • Provided that: i) irrespective of whether both the husband and the wife, or either of them, attend the Meeting, only one voting document will be issued and only one of them shall be entitled to vote; and
  • ii) if they wish to appoint a proxy, the Form of Proxy must be signed and executed by both husband and wife.
• e) When a Member is a body corporate, association of persons, foundation or other collective entity, a representative thereof will only be eligible to attend and vote at the Meeting if the Form of Proxy has been duly executed in his favour by the competent organ of the entity which he represents.
• f) A Member who is a minor may be represented at the Meeting by his Legal Guardian who will be required to present his Identity Card and the Admission Form.
• g) Admission to the Meeting will commence at 10:00 am.
• h) After the Meeting has proceeded to business, admission will continue until the Meeting proceeds to vote on the Agenda whether by show of hands or by ballot. Thereafter admittance to the Meeting will be discontinued.

6. Draft Resolutions and Documents

The draft resolutions to be considered and voted upon at the Meeting are included as an integral part of this notice. The full unabridged text of any documents submitted to the meeting shall, unless dispatched to shareholders, be available at the registered of the Company and on www.ihiplc.com.

A copy of this notice together will all documents and information required by Listing Rule 12.11 are available at www.ihiplc.com.

7. Right to ask questions

Members (whether personally or by proxy) are reminded that they are entitled to ask questions which are pertinent and related to any resolution placed before the meeting and to have such questions answered by the Directors or such person/s as the Directors may delegate for that purpose. To ensure proceedings at the Meeting the Directors invite Members to submit in writing any questions related to the resolutions to be sent to the Company Secretary either by mail at The Company Secretary, International Hotel Investments p.l.c., 22 Europa Centre, Floriana FRN1400, Malta or email on companysecretary@ihiplc.com by not later than 48 hours before the meeting. Whilst the Directors shall endeavour to reply to all questions that may be raised at the Meeting, only questions that shall have been submitted to them as aforesaid shall be entitled to a reply, provided that any questions raised for the time at the Meeting and to which the Directors are not able to provide an immediate reply, shall, subsequent to the Meeting be answered by the Directors by posting a reply on the Company's website.

Id-Dsatax-il Laqg˙a Ìenerali Annwali 2019

AvviΩ lill-Azzjonisti skont it-termini tal-Artikolu 13 tal-Artikoli ta' Assoçjazzjoni

Bil-preΩenti l-Azzjonisti huma avΩati li d-Dsatax-il Laqg˙a Ìenerali Annwali tal-International Hotel Investments p.l.c. (il-"Kumpanija") sejra ssir fil-Corinthia Hotel St George's Bay, San Ìiljan, nhar il-Óamis, 13 ta' Ìunju 2019 fil-11.00 ta' filg˙odu, bil-g˙an li l-Laqg˙a tikkunsidra dan li ©ej:

RiΩoluzzjonijiet Ordinarji:

• 1. Li r-Rapport Finanzjarju Konsolidat g˙as-sena finanzjarja li g˙alqet fil-31 ta' Diçembru 2018, flimkien mar-Rapport tad-Diretturi u tal-Awdituri, ji©u milqug˙a u approvati.
• 1. Li dividend net ta' €0.02 kull sehem, li jirraprezenta pagament net ta' €12.314 miljun kif rakkomandat mid-Diretturi, jit˙allas fi flus, ji©i milqug˙ u approvat.
• 1. Li l-˙atra ta' PricewaterhouseCoopers b˙ala Awdituri tal-Kumpanija qed ti©i approvata u li l-Bord tad-Diretturi qed jing˙ata l-awtorità li jiddeçiedi l-˙las tag˙hom.
• 1. Óatra tad-Diretturi.

Riżoluzzjoni Straordinarja:

1. Li l-Memorandum u l-Istatut ta' Assoċċjazzjoni tal-Kumpanija fil-preżent qegħdin hawn jiġu abrogati u sostitwiti b'Memorandum u Statut ta' Assoċċjazzjoni ġodda (li kopja tagħhom kienet ġiet provduta lill-membri fl-uffiċċju ta' reġistrazzjoni tal-Kumpanija u fuq is-sit elettroniku tal-Kumpanija mindu inħareġ l-avviż li sejjaħ għal din il-laqgħa), emendat kif spjegat fiċ-Ċirculari lill-Azzjonisti tat-13 ta' Mejju 2019 u ċċirkulata flimkien mal-avviż li sejjaħ din il-laqgħa.

B'Ordni tal-Bord tad-Diretturi tal-Kumpanija,

Alfred Fabri Segretarju tal-Kumpanija 13 ta' Mejju 2019

NOTI

1. Data tar-'Record'

Dan l-avviΩ ©ie mibg˙ut bil-posta lill-azzjonisti kif re©istrati fit-13 ta' Mejju 2019. Huma dawn l-azzjonisti biss li huma intitolati li jattendu u jivvutaw fil-Laqg˙a Ìenerali Annwali.

2. Parteçipazzjoni u Votazzjoni tal-azzjonisti

Kull azzjonist jista' jipparteçipa u jivvota fil-Laqg˙a b'wie˙ed minn dawn il-modi:

• a) billi jattendi personalment g˙al-Laqg˙a; jew
• b) billi jissottometti formola ta' prokura (form of proxy) lill-Kumpanija.

Attendenza Personali

Azzjonist jista' jipparteçipa fil-laqg˙a personalment billi jattendi fiΩikament g˙al-Laqg˙a fid-data u fil-˙in appuntati fil-post fejn il-Laqg˙a se ssir (Ara "D˙ul g˙al-Laqg˙a").

Parteçipazzjoni bi Prokura

Azzjonist jista' jipparteçipa bi prokura billi jimla u jiffirma l-formola mog˙tija lill-azzjonisti kollha flimkien ma' dan l-avviΩ u billi jibg˙at din il-formola lill-Uffiççju tas-Segretarju tal-Kumpanija mhux aktar tard minn 48 sieg˙a qabel il-˙in appuntat g˙al-laqg˙a.

Il-formola ta' prokura tista' tintbag˙at lill-Kumpanija:

• a) jew bil-posta 22 Europa Centre, Floriana FRN 1400; jew
• b) b'mod elettroniku fl-indirizz companysecretary@ihiplc.com.

Fil-kaΩ ta' prokuri mibg˙uta b'mod elettroniku lill-indirizz indikat hawn fuq, il-posta elettronika g˙andha jkollha anness mag˙ha kopja tal-formola ta' prokura kompluta u ffirmata mill-azzjonist jew persuna hekk awtorizzata g˙an-nom ta' azzjonist li jkun korp ©uridiku/istituzzjonali.

3. Mili tal-Formola ta' Prokura

Azzjonist li jixtieq jipparteçipa fil-Laqg˙a bi prokura g˙andu jimla d-dettalji kollha rikjesti fil-formola ta' prokura b'mod komplut, çar u preçiΩ. Dan jinkludi:

• a) Billi jindika jekk l-azzjonist jixtieqx jappunta b˙ala prokuratur liç-Chairman tal-Laqg˙a jew persuna o˙ra. Fil-kaΩ li l-azzjonist irid jappunta b˙ala prokuratur persuna o˙ra li mhix iç-Chairman tal-Laqg˙a, l-isem komplet, l-indirizz u n-numru tal-Karta tal-Identità tal-prokuratur g˙andhom ji©u indikati b'mod çar u le©ibbli fl-ispazju m˙ejji apposta;
• b) Billi l-azzjonist jindika jekk jixtieqx li l-prokuratur jivvota kif jixtieq hu stess jew jekk jixtieqx li jindika lill-prokuratur kif g˙andu jivvota. F'kull kaΩ, l-azzjonist g˙andu jag˙mel marka fil-kaxxa apposta fil-formola ta' prokura. Fil-kaΩ li ma hemm l-ebda indikazzjoni, g˙andu jitqies li l-azzjonist awtorizza l-prokuratur li jivvota kif jixtieq hu, sakemm l-azzjonist ma jindikax kif jixtieq li l-ishma tieg˙u g˙andhom ji©u vvutati billi jimmarka n-numru tal-ishma jew jag˙mel xi marka o˙ra approprjata ma©enb ir-riΩoluzzjonijiet rilevanti. F'dan il-kaΩ il-prokuratur g˙andu jitqies li hu awtorizzat li jivvota biss kif indikat mill-azzjonist fil-formola ta' prokura.
• c) Fil-kaΩ li l-azzjonist jixtieq li l-prokuratur jivvota b'mod partikolari, huwa g˙andu jindika l-votazzjoni tieg˙u fil-kaxxa apposta ma©enb kull riΩoluzzjoni. L-uΩu ta' salib jew marka (minflok it-tqeg˙id tan-numru tal-voti) fl-ispazju approprjat fil-formola ta' prokura ta˙t "FAVUR" jew "KONTRA" g˙andu ji©i interpretat b'tali mod li l-azzjonist assenja l-voti kollha tieg˙u jew "FAVUR" jew"KONTRA" fir-rigward ta' dik ir-riΩoluzzjoni, skont il-kaΩ. Jekk salib jew marka titqieg˙ed kemm fil-"FAVUR" kif ukoll fil-"KONTRA" g˙all-istess riΩoluzzjoni, il-vot tal-azzjonist g˙al dik ir-riΩoluzzjoni partikolari jkun invalidu.

Kull riΩoluzzjoni li tit˙alla mhux immarkata fuq il-karta tal-ballutta©© g˙andha titqies b˙ala astensjoni.

4. Parteçipazzjoni fil-Votazzjoni

Azzjonist li jixtieq jipparteçipa sempliçiment billi jkollu l-voti tieg˙u kkunsidrati waqt il-Laqg˙a g˙andu jimla l-formola ta' prokura favur iç-Chairman tal-laqg˙a u jindika liç-Chairman kif g˙andu jivvota f'kull riΩoluzzjoni li tittie˙ed fil-laqg˙a billi jimla l-kaxxi "FAVUR" u/jew "KONTRA" fil-formola ta' prokura.

5. D˙ul g˙al-Laqg˙a

• a) Sabiex ikun ammess, azzjonist g˙andu jippreΩenta l-Karta tal-Identità tieg˙u u l-Admission Form mehmuΩa ma' dan l-avviΩ.
• b) Fil-kaΩ ta' ishma miΩmuma minn numru ta' persuni flimkien, minbarra fil-kaΩ ta' ishma miΩmuma flimkien bejn Ωew© persuni miΩΩew©in, il-persuna li hi msemmija l-ewwel fir-re©istru tal-azzjonisti biss tit˙alla tid˙ol u tivvota fis-sala tal-Laqg˙a.
• c) RappreΩentant ta' ishma kon©unti, li m'huwiex l-ewwel wie˙ed imniΩΩel fir-Re©istru, ikun biss eli©ibbli li jattendi u jivvota fil-Laqg˙a, jekk il-Formola ta' Prokura tkun ©iet eΩegwita kif suppost favur tieg˙u mid-detenturi kon©unti kollha.
• d) Fil-kaΩ ta' ishma miΩmuma b'mod kon©unt mill-miΩΩew©in, kemm il-mara u kemm ir-ra©el, jew wie˙ed minnhom biss, jista' jattendi l-Laqg˙a. IΩda:
  • i) Irrispettivament jekk il-miΩΩew©in, jew wie˙ed minnhom, jattenda l-Laqg˙a, jin˙are© biss dokument ta' votazzjoni wie˙ed, u wie˙ed mill-miΩΩew©in biss ikun intitolat li jivvota; u
• ii) Jekk ikunu jixtiequ jappuntaw persuna li tkun preΩenti bi prokura, il-Formola ta' Prokura g˙andha ti©i ffirmata u eΩegwita kemm mir-ra©el kif ukoll mill-mara.
• e) Meta azzjonist ikun korp ©uridiku, assoçjazzjoni ta' persuni, fondazzjoni jew entità kollettiva o˙ra,rappreΩentantrispettiv ikun biss eli©ibbli li jattendi u jivvota fil-Laqg˙a, jekk il-Formola ta' Prokura tkun eΩegwita kif suppost favur tieg˙u mill-organu kompetenti tal-entità li jirrappreΩenta.
• f) Azzjonist li huwa minuri jista' ji©i rrappreΩentat fil-Laqg˙a mill-gwardjan legali tieg˙u, li jkollu jippreΩenta l-Karta tal-Identità tieg˙u flimkien mal-Admission Form. g) D˙ul g˙al-Laqg˙a jibda fl-10:00 am.
• h) Wara li l-Laqg˙a tkun bdiet ix-xoghol tag˙ha, id-d˙ul jit˙alla sakemm il-Laqg˙a tipproçedi sabiex jittie˙ed il-vot fuq l-A©enda. Wara ma jkunx permess d˙ul g˙al-Laqg˙a.

6. Abbozz ta' RiΩoluzzjonijiet u Dokumenti

L-abbozz ta' riΩoluzzjonijiet li g˙andhom ji©u kkunsidrati u jittie˙ed vot dwarhom huma inkluΩi b˙ala parti integrali ta' dan l-avviΩ. It-test ori©inali u komplet tad-dokumenti sottomessi fil-Laqg˙a, sakemm ma jkunux ing˙ataw lill-azzjonisti, ikunu aççessibbli fl-uffiçju re©istrat tal-Kumpanija u fuq www.ihiplc.com.

Kopja ta' dan l-avviΩ flimkien mad-dokumenti kollha u l-informazzjoni rikjesta fil-Listing Rule 12.11 huma aççessibbli fuq www.ihiplc.com

7. Dritt li tag˙mel mistoqsijiet

Azzjonisti (kemm jekk b'mod personali jew bi prokura) huma mfakkrin li huma intitolati jag˙mlu mistoqsijiet li huma pertinenti u relatati ma' kull riΩoluzzjoni mressqa qabel il-Laqg˙a u li jkollhom dawn il-mistoqsijiet mwe©bin mid-Diretturi jew il-persuni li d-Diretturi jistg˙u jiddelegaw g˙al dak il-g˙an. Sabiex ji©u assigurati proçeduri effiçjenti fil-Laqg˙a, id-Diretturi jistiednu l-Azzjonisti sabiex jissottomettu bil-kitba xi mistoqsijiet relatati mar-riΩoluzzjonijiet, li g˙andhom jintbag˙tu lis-Segretarju tal-Kumpanija, jew bil-posta lil The Company Secretary, International Hotel Investments p.l.c., 22 Europa Centre, Floriana FRN1400, Malta jew b'posta elettronika fuq companysecretary@ihiplc.com sa mhux aktar tard minn 48 sieg˙a qabel il-Laqg˙a. Filwaqt li d-Diretturi g˙andhom jippruvaw iwie©bu l-mistoqsijiet kollha li jitressqu waqt il-Laqg˙a, dawk il-mistoqsijiet li jkunu ©ew sottomessi bil-metodu msemmi hawn fuq biss ikunu intitolati g˙al twe©iba, sakemm il-mistoqsijiet imressqin g˙all-ewwel darba fil-Laqg˙a u li d-Diretturi ma jkunux f'poΩizzjoni li jag˙tu twe©iba immedjata g˙alihom, ji©u mwie©ba mid-Diretturi wara l-Laqg˙a, billi jda˙˙lu r-risposta fuq is-sit elettroniku tal-Kumpanija.