Mediterranean Investments Holding p.l.c. (MIH), a member of the Corinthia Group of Companies has announced the following allotment policy for its €40 million 7.15 per cent 2015-2017 bond issue.

* Placement Agreements – since subscriptions received at this stage where in excess of the €15 million that were set aside for this purpose, the company satisfied about 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 these applications will be scaled down to about 15.0 per cent while any unallocated balances thereafter will participate in the allocation policy applicable to the general public.

* Public applicants and unallocated applications from preferred applicants (at the preferential stage) – will be met in full up to:

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

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

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

The remaining balances will be scaled down to about 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 will commence as from today. Allotment letters and refunds of un-allocated monies will be paid by next Monday by direct credit to the bank account indicated on the respective application forms.