SORTED GROUP HOLDINGS PLC — Capital/Financing Update 2014

Apr 29, 2014

Date of Announcement: 28 April 2014 Reference: 52/2014

The following is a Company Announcement issued by Island Hotels Group Holdings p.l.c. (the Company) pursuant to the Malta Financial Services Authority Listing Rules.

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The Board of Directors of Island Hotels Group Holdings p.l.c. announces that it has submitted an application to the Listing Authority requesting the admissibility to listing of 350,000 Bonds 2024 of a nominal value of €100 per Bond issued at par for an aggregate of €35,000,000 (the "New Bonds").

The net proceeds from the issue of the New Bonds will be used by the Company for refurbishment and construction works at the Radisson® Blu Resort St. Julians; the development and operation of the COSTA Coffee® brand in the East Coast of Spain, the Balearic Islands and the Canary Islands; and for general corporate funding purposes.

Up to an aggregate amount of €2,500,000 of the New Bonds shall first be allocated to those who are existing shareholders or Island Hotels Group employees as at close of business on the 9 May 2014. Following such allocations, any remaining New Bonds shall be allocated to applications submitted by the general public without priority or preference.

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Signed:

Island Hotels Group Holdings p.l.c. Registered Address: Radisson Blu Resort St. Julians, Louis V. Farrugia Street, St. George's Bay, St. Julians STJ 3391, Malta Telephone: +356 2137 4894 Company Registration No.: C44855 _____________________ Kenneth Abela Company Secretary

Island Hotels Group Holdings p.l.c. is a public limited company registered in terms of the Companies Act (Cap.386 of the Laws of Malta) - 1 -