Simonds Farsons Cisk plc announced the basis of acceptance for the issue of €15 million 6% Bonds due 2017 – 2020 which closed immediately after the Public Offer opened on Tuesday 1st June 2010.

The Company received 5,120 applications for the Bond Issue for a total of €45.98 million, which is €30.98 million in excess of the aggregate principal amount of the Bonds being issued.

The Company gave preference to applications for the Bonds to the “Preferred Applicants”, and reserved €11 million for existing bond holders and shareholders and directors of Simonds Farsons Cisk plc and employees of the Farsons Group.

Existing bond holders submitted 1,854 applications with a total value of €15.78 million, while shareholders, directors and employees submitted 341 applications with a total value of €5.50 million.

The Company also received 2,925 applications from the general public with a total value of €24.70 million.

Allocation Policy

The Company decided to satisfy applications on the following basis.

Preferred Portion (existing bond holders)

Existing Holders were allocated €10 million and arrived at on the basis of an allocation of the Guaranteed Amount and a further 29.019% of the remaining amount of each application. The unallocated balance of €5.78 million was carried forward for participation, on a pari passu basis, in the Public Offer.

Shareholders, directors and employees were allocated €1 million, arrived at on the basis of a minimum allocation of €1,100 per application and a further 12.205% of the remaining amount of each application. The unallocated balance of €4.50 million was likewise carried forward for participation, on a pari passu basis, in the Public Offer.

Public Offer

Total applications amounting to €34.98 million were submitted for participation on a pari passu basis at the Public Offer stage, at which stage the remaining balance of the Bond Issue, amounting to €4 million, was available for allocation. At this stage, all applications were satisfied by the allotment of a minimum of €700 per application and a further 3.497% of the remaining amount of each application.

Interest on the Bonds will commence on 9th June 2010. The dispatch of allotment advices and refunds of unallocated monies will be made by Wednesday 16th June 2010. The Bonds are expected to be admitted to listing on the Official List of the Malta Stock Exchange on Thursday 17th June 2010, and trading expected to commence on the following business day, Friday 18th June 2010.

The Board of Directors of Simonds Farsons Cisk plc thanks the investing public, institutional investors, authorised financial intermediaries and the banks for their overwhelming support for this Issue.