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Eden announces Eur15mln bond issue

At a board meeting held on 26th March 2010, the Board of Directors approved the submission of an application to the Listing Authority of the MFSA requesting the admissibility to listing of a €15,000,000 new bond issue. These Bonds will be redeemable between 2017–2020 and will be guaranteed by the parent company Eden Leisure Group.

The said application and draft prospectus has since been submitted to the MFSA Listing Authority for review and approval.

It is envisaged that the proceeds of the aforesaid bond issue will be used to finance a Bond Exchange programme for the 6.7% Eden Finance plc 2010 Bonds which are due for redemption on 12th October 2010 and for general financing requirements of the Eden Leisure Group.

The Issuer intends to give preference to existing Eden Finance plc 2010 bond holders who indicate their willingness to surrender their existing holding in favour of the new bonds.

Further detailed information on the 2017-2020 Bonds shall, subject to the necessary approvals of the Listing Authority, be available in the relevant Prospectus.

Simon De Cesare

Company Secretary