INTERNATIONAL HOTEL GROUP LIMITED - Acquisition Of Investment Manager, Issue Of Shares And Changes To The Board

Acquisition Of Investment Manager, Issue Of Shares And Changes To The Board

International Hotel Group Limited
(previously RBDL Investments Limited)
(Incorporated in the British Virgin Islands)
(Company number 1862176)
 JSE share code: IHL
ISIN: VGG7396G1046
(“IHL” or the “Company”)


ACQUISITION OF INVESTMENT MANAGER, ISSUE OF SHARES AND CHANGES TO THE BOARD


Acquisition of investment manager

IHL, the hotel and leisure focused property investment company, is pleased to announce that it has completed the
acquisition of RBDL Capital Managers Limited (“RCM”), the Company’s investment manager (the “Acquisition”).

RCM has a highly experienced management team and has provided investment and property management services to IHL on
the terms of an investment management agreement since June 2015. In the Prospectus dated 23 February 2016, the Company
stated its intention to internalise the property advice and management function by way of the Acquisition in order to align the
interests of its shareholders and key management, as well as enhancing distributions due to cost savings associated with
paying its own staff rather than a management fee.

On 20 April 2016 the Company and the RCM sellers entered into a sale and purchase agreement pursuant to which the
Company agreed to acquire the entire issued share capital of RCM for the consideration of 1 million new ordinary shares in the
Company (the “Consideration Shares”).

Following the issue of the Consideration Shares, IHL will have a total of 56 000 000 ordinary shares in issue.

Changes to the Board

Pursuant to the Acquisition, the following changes have been made to the Board with effect from 20 April 2016:

-   Jon Colley has been appointed as an executive director and will replace Helder Pereira as Chief Executive Officer. Jon
    joined IHL in January 2016 as Chief Investment Officer, with the responsibility of delivering IHL’s investment and
    acquisition strategy. Jon has over 20 years’ experience and comes from a strong financial background having worked
    for a number of the largest global financial institutions, including GE Capital, Barclays Bank, the Royal Bank of
    Scotland and Development Director at Hilton Worldwide.

-   Helder Pereira will replace Martin Wilsher as Chairman of the Board, with Martin Wilsher remaining on the Board as
    the Lead Independent Non-Executive Director.

Further to these appointments, the IHL Board will comprise the following directors:

Executive Chairman                                  Helder Pereira
Chief Executive Officer                             Jon Colley
Chief Financial Officer                             David Hart
Lead Independent Non-Executive Director             Martin Wilsher
Independent Non-Executive Director                  Miles Walton
Independent Non-Executive Director                  Peter Todd
Non-Executive Director                              Marcel Von Aulock
Non-Executive Director                              Mike Watters

The Board committees will comprise the following members: -

Investment Committee                                Martin Wilsher (Chairman), Marcel Von Aulock, Helder Pereira
Nominations Committee                               Martin Wilsher (Chairman), Marcel Von Aulock, Mike Watters
Audit Committee                                     Martin Wilsher (Chairman), Marcel Von Aulock, Peter Todd
Remuneration Committee                              3 Non-Executive Directors
For further information please contact:

M Partners S.à r.l.
Luxembourg listing agent                                  +352 263 868 610

Java Capital
JSE sponsor                                               +27 (0) 11 722 3050

FTI Consulting
South African Public Relations Advisor
Max Gebhardt                                              +27 (0) 11 214 2402

Company Secretary
Osiris Secretarial Services Ltd                           +1 (284) 494 9820

Notes to editors:

IHL is a hotel and leisure focused property investment company which owns eight hotels in the UK. The Company’s shares
are currently listed on the Euro MTF Market of the Luxembourg Stock Exchange, which constitutes its primary listing, and
on the AltX of the JSE which constitutes its secondary listing.

21 April 2016

Date: 21/04/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.