Company Announcements – August 2006

Vilhena  Funds SICAV p.l.c.

Due to a holiday in the United States of America, no determination of the net asset value and dealing will take place on Tuesday, 5th September 2006 in the Vilhena Top 100 Fund.

Accordingly, any applications for the purchase or sale of shares in the above Fund received at the offices of Valletta Fund Management Limited for dealing on Tuesday, 5th September 2006, will be dealt on the immediately succeeding dealing day.

Vilhena Funds SICAV p.l.c.

Due to a holiday in the United Kingdom and Northern Ireland, no determination of the net asset value and dealing will take place on Monday, 28th August 2006 in the following funds:

Vilhena UK Multi-Manager Fund

Vilhena European Multi-Manager Fund

Vilhena US Multi-Manager Fund

Accordingly, any applications for the purchase, sale or switching of shares in the above Funds received at the offices of Valletta Fund Management Limited for dealing on Monday, 28th August 2006, will be dealt on the immediately succeeding dealing day.

IHI

International Hotel Investments Plc (IHI) announces that it has entered into a Framework Agreement and other related agreements with each of

i)                    Wyndham Hotel Group International Inc. a company registered in New Jersey, United States of America (WHGI), a subsidiary of Wyndham Hotel Group, a unit of Wyndham Worldwide Corporation, a company listed on the New York Stock Exchange,

ii)                   Corinthia Palace Hotel Company Limited (CPHCL), the majority shareholder in IHI, and

iii)                 CHI Limited, a hotel management company in which IHI currently hold a 20 per cent shareholding.

Under the terms of the Framework Agreement and other agreements being entered into today, and subject to further arrangements being finalized including certain European Union regulatory approvals:

i)                    WHGI is acquiring a 30 per cent shareholding (from CPHCL) in CHI in retrun for cash and a capital injection in CHI to fund further growth;

ii)                   IHI is acquiring the remaining shares of CPHCL in CHI, thereby increasing IHI’s shareholding in CHI to 70 per cent, in return for the issue of 15,000,000 shares in IHI to CPHCL;

iii)                 CHI is entering into licensing arrangements with CPHCL to offer management services in the EMEA region for the Corinthia Brand, and with WHGI to offer management services in the EMEA region for the Wyndham Grand, Wyndham and Ramada Plaza Brands.

FIMBank

At the meeting held on 11th August 2006, the Board of Directors of FIMBank plc approved the half-yearly financial statements for the period from 1st January 2006 to 30th June 2006. The Half-Yearly Report is attached to this Company Announcement pursuant to Listing Rule 9.40.

Maltacom

The Board of Directors of Maltacom p.l.c is scheduled to meet on Thursday the 14th September 2006 to:

(i)                  consider and approve, the Company’s Financial Statements for the period ending 30th June, 2006;

(ii)                consider the declaration of an interim dividend.

Lombard

In a meeting of the Board of Directors of Lombard Bank Malta p.l.c. held on 8 August 2006, the attached Group and Bank Interim Accounts for the six-month period ended 30 June 2006 were approved.

IHI

Following the approval at the Annual General Meeting of International Hotel Investments plc (IHI) held on 31st May 2006 of the resolution authorizing the Directors to issue and allot up to 150 million shares in the Company and waiving pre-emption rights, the Board of Directors has issued and allotted shares to:

National Projects Holding Company (NPHC), which has subscribed to an initial 2,000,000 shares at Euro 1 each; and

Bayan Investments Co. of Kuwait, which has subscribed to 1,972,995 shares at Euro 1 each.

The subscribed shares have been fully paid-up and have been registered and admitted to trading by the Malta Stock Exchange.

Negotiations are actively ongoing on the issue of further shares in IHI to strategic investors in terms of the agreement entered into with NPHC.