• HIP Hybrid Bond

HOLMES INVESTMENT PROPERTIES PLC

 (Incorporated in England & Wales under the Companies Act 2006 with Registered Number 07505002)

Share issue of £2.25 million

&

LP BONDS PLC

 (Incorporated in England & Wales under the Companies Act 2006 with Registered Number 09867110)

UP to £2.25 million Convertible Loan Note due December 2021

4 Year Fixed Term