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Early Closure of Bond Issue- Oversubscribed

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Calamatta Cuschieri Investment Services Ltd announce that, in view of the fact that the applications received exceed the maximum amount that can be issued, no further applications will be accepted. For more information please contact us on 25 688 688 or [email protected].

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Bond Issue News 19/09/2016

Mediterranean Maritime Hub Finance plc has announced the issue of €15,000,000 of 4.8% Unsecured Bonds redeemable in 2026, with a nominal value of €1,000 issued at par. The issue is guaranteed by Ablecare Oilfield Services Holdings Limited.

If you wish to apply for these bonds see information at the bottom of this article or apply via our CCTrader platform.

Business Overview:

In July 2016, the Mediterranean Maritime Hub Finance plc was set up as a special purpose vehicle for the purpose of the issue of the Bonds. The Issuer is offering 15 million Bonds having a nominal value of €1000 each, which will be redeemable in 2026. The proceeds from the Bonds will be used to partly finance the Project. The proposed bond issue will be unsecured and will not be underwritten. The Bonds will be guaranteed by Ablecare Oilfield Services Holdings Limited, the parent company of Ablecare’s Group operating entities.

Use of Proceeds

The proceeds raised by the Issuer, net of bonds issue costs will be applied to co-finance the project Funding requirement. The proceeds will be used by the issuer as set out below:

• €6.5 million shall be applied to fund the dredging of the inner sea area adjacent to the

Mediterranean Maritime Hub, to increase the versatility and uses of the quay facilities

• €1.6 million shall be advanced, pursuant to a loan agreement, by the Issuer to the Guarantor and shall be used to repay short term bank facilities.

• €3.45 million shall be advanced, pursuant to a loan agreement, by the Issuer to Mainticare

Limited and shall be applied to fund infrastructural improvements at the Mediterranean

Maritime Hub, mainly improvements to the yard areas and the quays; and

• The remaining balance of the net Bond Issue proceeds (€3.0 million) shall be advanced, pursuant to a loan agreement, by the Issuer to Mainticare Limited and shall be applied to fund the procurement of plant and machinery, mainly relating to logistics and engineering requirements, and other preliminary expenses relating to the project.

Company Overview:

Mediterranean Maritime Hub Finance Plc was incorporated on 26th July 2016 and is a fully owned subsidiary company of Ablecare Oilfield Services Holdings Limited (the AOSH). AOSH was incorporated in Malta in 2008 and as the holding company of the Ablecare Group of Companies and it holds the shares in a number of subsidiary companies primarily operating in the Oil & Gas services sector.

The main business focus of Ablecare group of companies is that of providing a range of services to the Oil & Gas service sector through both the provision of manpower and technical personnel to offshore and onshore oil well operators, as well as logistical support, yard operations, procurement and engineering services to oil rigs service companies. Ablecare’s portfolio of services are targeted at

Oil Rigs and related operators in the Mediterranean region and West Africa, as well as the supply of personnel to operators in the North Sea. The principal business operations of the Group are provided by the two main entities, i.e.;Mainticare and Ableman.

The two main operating companies of the Group are Ableman International Limited (‘Ableman’), whose main objective is the provision of offshore/onshore personnel and related logistical and training arrangements to oil rig operators; and Mainticare Limited (‘Mainticare’), whose main objective is the provision of maintenance, engineering and support services to Oil and Gas drilling companies and their service providers. Both companies were set up in 2001.

How to Register to buy bonds?

More information is available from the prospectus dated 16th September 2016, which is available for download from the links below.

Orders may be placed by contacting us on 25 688 688 or via email on [email protected]. Nominee clients can place orders directly via the CCTrader platform.

Applications will open on the 27th of September at 8.30am, and will close on the 13th of October at 12pm. Applications must be for a minimum value of €2,000 and multiples of €1,000.

A copy of the prospectus is available HERE

Calamatta Cuschieri Investment Services Ltd is acting as Sponsor, Manager and Registrar for this bond issue.