Qannas Investments Limited announced that it has realized a partial exit of a EUR 7.0 million senior secured term loan provided to Integrated Eastern European Fund ("IEEF") (the "Original Loan and the "Realisation"). The Original Loan was provided in August 2014 to allow IEEF to complete the acquisition of two land plots in high growth tourist areas of Bulgaria and Montenegro. Following the Realisation, the Company has now exited approximately 71% of its exposure in the Original Loan along with accrued interest. The remaining balance (EUR 2.75 million) has been extended for a period of two years at an interest rate of 12% per annum (USD) plus a 3% arrangement fee on the extended amount.