International Hotel Investments plc – Allotment Policy â

International Hotel Investments plc – Allotment Policy €35,000,000 6.25% Bonds 2015-2019

International Hotel Investments plc (IHI) announced the allotment policy to be applied to the applications for its Bonds which were open for public subscription on June 30, 2009.

IHI received in excess of 3,750 individual applications and as a result of this strong demand closed the subscription lists on the first day of opening.

The Company decided to exercise the following allocations:

•  Preferred applicants – All applications received from investors who already hold investments in one or more of the Corinthia Group’s listed companies, will be met in full;

•  Other applicants – All applications for less than €1 million will be met in full; and

•  Applications for Bonds having a nominal value in excess of €1 million will be met as follows:

The first €1 million – in full

The remaining balance – 76.38%

Interest on the Bonds will commence as from the date of this announcement. Allotment letters and refunds of un-allocated monies will be paid by Tuesday, July 14, 2009, by direct credit to the bank account indicated on the respective application forms.

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