Article: PEARL STREET HOLDINGS PLC - Issue of Convertible Loan Notes.

 
 PEARL STREET HOLDINGS PLC ('PEARL' OR 'THE COMPANY') 
 
Issue of Convertible Loan Notes 
 
The Board of the Company announces that on 21 August 2006 it entered into a 
loan note instrument creating [pounds sterling]320,000 in the form of unsecured convertible 
loan notes ('Convertible Loan Notes') with Griffin Two Limited, a wholly owned 
subsidiary of Griffin Group Plc ('Griffin'), an AIM listed Company ). 
 
The Convertible Loan Notes are to be redeemed by the Company not later than 20 
August 2008 and carry a coupon of 3 per cent. per annum above the base rate of 
The Royal Bank of Scotland plc which is payable in full by deduction from the  ...

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