Mediterranean Investments Holding plc, a member of the Corinthia Group of Companies, has announced the allocation policy for its €40 million 7.15 per cent 2015-2017 bond issue as follows:

Placement Agreements: since subscriptions received at this stage were in excess of the €15 million that was set aside for this purpose, the company satisfied circa 86.9 per cent of subscriptions and refunded the rest to authorised financial intermediaries.

Preferred Applicants: applications received from investors who already hold investments in one or more of the Corinthia Group’s listed companies will be met in full up to:

i) the first €5,000 in the case of EUR Bonds,

ii) the first £4,200 in the case of GBP Bonds and

iii) the first $6,000 in the case of USD Bonds.

Any balance on the applications will be scaled down to circa 15 per cent, and any unallocated balances thereafter will participate in the allocation policy applicable to the general public.

General Public Applicants and unallocated applications from Preferred Applicants (at the preferential stage) – will be met in full up to:

the first €4,300 in the case of EUR Bonds;

the first £3,600 in the case of GBP Bonds; and

the first $5,200 in the case of USD Bonds.

The remaining balances will be scaled down to circa 9.3 per cent.

This, in effect, means that EUR Bond applications up to €10,000, GBP Bond applications up to £8,400 and USD applications up to $12,000 received from preferred applicants, accounting for 82 per cent of all applications received, will be accepted in full.

Interest on the bonds commenced on 20 July. Allotment letters and refunds of unallocated monies will be paid by Monday, 26 July by direct credit to the bank account indicated on the application forms.