Company Announcement – September 2006

International Hotel Investments p.l.c.

International Hotel Investments p.l.c. (IHI) announces the issue and allotment of 2,500,000 shares to HSBC No-Load Funds SICAV p.l.c.

IHI is currently in the process of raising new equity. The acquisition of 2,500,000 IHI shares by an investment fund managed by HSBC, at Euro 1 each, is therefore a further step in this strategy, which was started earlier this year when the Company’s Annual General Meeting authorised the Directors to promote and issue fresh equity to fund further growth and development.