27 September - 3 October 2001

CC Car Parks plc’s bond allocation policy

Due to a very strong demand for the CC Car Parks plc bonds, the number of bonds applied for far exceeds that of the bonds in issue. A total of 468 applications in excess of Lm3.7 million have been received.
In view of the very strong demand, the issue was closed a few hours after the opening of the subscription lists.
The Allocation Policy decided upon by the Company for the allotment of Bonds is as follows:
Applications for bonds with a nominal value up to and including Lm2,500 will be met in full.
Applications for bonds with a nominal value in excess of Lm2,500 will be met as follows:
The first Lm2,500 will be met in full;
For the amount applied for between Lm2,600 and up to Lm5,000 – 75 per cent
For the amount applied for between Lm5,100 and up to Lm10,000 – 30 per cent
For the amount applied for between Lm10,100 and up to Lm50,000 – 15 per cent
For the amount applied for in excess of Lm50,000 – 10 per cent
All allotments will be rounded down to the nearest Lm100.
The company announces that this Allocation Policy was adopted with a view to ensuring the widest possible distribution of the bonds. This will result in 56 per cent of all applications being met in full and a further 25 per cent being allocated bonds to a value of just under 90 per cent of the original application. All further applications being allotted bonds in terms of the Allocation Policy set out above.
This week, the company shall be informing all bondholders of the amount of bonds allocated to them and shall be issuing refunds where applicable.