Curmi & Partners

Tumas Investments - New Bond Issue

Tumas Investments plc: Issue of €25 million 3.75% Unsecured Bonds 2027

Tumas Investments plc (“the Issuer” or “Tumas Investments”) will be issuing a bond for an amount of €25 million (“the Bond Issue”). The Issuer acts as a financing company, raising funds for capital projects and extending financing to Spinola Development Company Limited (“the Guarantor” or “SDC”). SDC is the guarantor for the Bond Issue. The principal business of SDC is the operation of the Portomaso complex (“Portomaso”), which includes the Hilton Malta hotel (“Hilton”) (including the convention centre), residential apartments, the business tower, commercial areas, catering outlets, car parking facilities and the Portomaso marina. Both the Issuer and SDC are wholly-owned subsidiaries of Tumas Group Company Limited (“the Group”).