International Hotel Investments Plc

Capital/Financing Update • Aug 31, 2021

COMPANY ANNOUNCEMENT

The following is a company announcement issued by IHI p.l.c. pursuant to the Capital Markets Rules as issued by the Malta Financial Services Authority.

Issue of International Hotel Investments p.l.c. Unsecured Bonds 2031

The Board of Directors of International Hotel Investments p.l.c. (the 'Company') announces that it has submitted an application to the Malta Financial Services Authority requesting admissibility to listing of Unsecured Bonds redeemable in 2031 (the 'New Bonds'). Application will be made for the New Bonds to be listed and traded on the Official List of the Malta Stock Exchange.

Subject to regulatory approval of the New Bonds, part of the proceeds thereof will be used to redeem the existing 5.8% unsecured bonds 2021 (ISIN: MT0000111279) due on 21 December 2021 (the "Maturing Bonds"). The Company will be granting preference to holders of Maturing Bonds to subscribe to the New Bonds by surrendering the corresponding nominal value of Maturing Bonds.

Further information on the New Bonds will be available after the issue of the necessary approval by the Malta Financial Services Authority.

Jean-Pierre Schembri Company Secretary

31 August 2021

INTERNATIONAL HOTEL INVESTMENTS P.L.C.