Bond issue oversubscribed by €14m

The €20 million 6.25% bond issueby Corinthia Finance plc was oversubscribed by €14,156,000, the company said today.

It exercised its over-subscription option to accommodate a further €5 million, for a total of €25,000,000 in bond applications. Applications totalling €14,043,300, were received from bondholders of the existing 6.7% 2009 Bonds maturing on October 30^, 2009 while another €20,112,700 were received from 2,606 new applicants.

Corinthia Finance said the bonds will be allotted as follows:

Preferred applicants

• All applications received from from bondholders of the 6.7% bonds 2009, will be met in full;

Other applicants:

• Applications not exceeding €5,000 will be met in full;

• All applications for more than €5,000 but less than €50,000, the first €5,000 will be met in full, along with 11.42% of the remaining balance;

• Applications for bonds having a nominal value in excess of €50,000 will be met as follows:

The first €5,000 - in full

The next €45,000 - 11.42%

The remaining balance - 5%.

Interest on the bonds will commence as from today. Allotment letters and refunds of un-allocated monies will be dispatched by Tuesday.

The bonds opened for public subscription on September 15 and closed on the same day of opening.