Safestay completes the acquisition of Edinburgh Hostel

Further to its announcement of 9 September 2015, Safestay, the owner and operator of a new brand of contemporary hostel, is pleased to announce that 1,209,677 Consideration Shares were admitted to trading at 8.00 a.m. today.

Following admission of the Consideration Shares and in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules ("DTR"), the Company's issued share capital will comprise 34,219,134 Ordinary Shares. The above figure of 34,219,134 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTR.

All defined terms in this announcement have the same meaning as in the Company's admission document dated 17 August 2015.

Enquiries

Safestay                                                               Tel: 020 8815 1600
Larry Lipman, Chairman
Colin Stone, Finance Director
Phil Houghton, Chief Executive