International Hotel Investments Plc

Capital/Financing Update • Oct 19, 2023

COMPANY ANNOUNCEMENT

The following is a Company Announcement issued by International Hotel Investments p.l.c. pursuant to the Capital Markets Rules as issued by the Malta Financial Services Authority.

Issue of €60,000,000 International Hotel Investments p.l.c. 6% Unsecured Bonds 2033 at par

Reference is made to Company Announcement IHI356 issued on 27 September 2023 in relation to the issue of €60 million 6% unsecured bonds 2033 (the "Bonds" or the "Bond Issue") in terms of a prospectus dated 26 September 2023 (the "Prospectus").

The Issuer is pleased to announce that the Bond Issue has been oversubscribed and consequently the Issuer shall exercise its right to close the offer period earlier than 26 October 2023, limitedly to: i) Preferred Applicants being holders of securities of any company within Corinthia Group; and ii) Corinthia Group Employees; and shall be deemed closed with effect from tomorrow 20 October 2023 at 14:00 hours. Offer period for Maturing Bondholders shall remain open unless otherwise communicated.

In furtherance of the above, the Intermediaries' Offer which was scheduled for 2 November 2023, will not take place.

In terms of the Prospectus, the Company will be announcing the basis of acceptance and the allocation policy to be adopted, by not later than 2 November 2023.

The Board of Directors of the Issuer wishes to thank all applicants and authorised financial intermediaries for their support in making this Bond Issue a success and for their trust in the company.

Jean-Pierre Schembri Company Secretary

19 October 2023