The Listing Authority, 14th May, 2010 - The Listing Authority has reprimanded Mediterranean Investments Holding p.l.c. (‘MIH’) following its breach of the July 2008 bond prospectus. The said breach refers to MIH’s decision to re-direct €19 million of the proceeds from its July 2008 bond issue to the Palm City project instead of utilising them for the Medina Tower Project in line with the provisions of the prospectus and the Company Announcement of the 14th July, 2009.

This reprimand is being published in terms of the powers vested in the MFSA and the Listing Authority, including article 41A of the Financial Markets Act, 1990.