Result of Meeting

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

12 March 2018

easyHotel plc

Result of General Meeting

On 22 February 2018 easyHotel plc (LSE: EZH) ("easyHotel" or the "Company"), the owner, developer, operator and franchisor of super budget branded hotels, announced the conditional placing of 45,454,546 new ordinary shares of 1.0 pence each ("Ordinary Shares") in the capital of the Company (the "Placing Shares") by Investec Bank plc to raise approximately £50.0 million (before expenses) (the "Placing"). The Placing was subject, inter alia, to the approval by Shareholders of the Resolutions set out in the Notice of General Meeting.

The Company is pleased to announce that all of the Resolutions were duly passed at the General Meeting held earlier today. Details of the votes cast on each of the Resolutions will be available shortly on the Company's website.

The Placing remains conditional, inter alia, upon Admission. Admission is expected to become effective at 8.00 a.m. on 13 March 2018.

ICAMAP, which currently holds 29.9 per cent. of the Existing Ordinary Shares, will be issued 26,363,636 Placing Shares in connection with the Placing. Accordingly, on Admission, ICAMAP will be interested in 56,413,136 Ordinary Shares in the Company, representing approximately 38.7 per cent. of the Enlarged Issued Share Capital.

Following Admission the number of Ordinary Shares in issue is expected to be 145,954,546 (the "Voting Rights Figure"). The Company has no shares in treasury at the date of this announcement. The Voting Rights Figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

Commenting, Guy Parsons, CEO of easyHotel plc said:

"I would like to thank our existing shareholders and welcome our new investors for their support of this capital raise. Further, on behalf of the Board I would also like to welcome Harm Meijer, founding partner of ICAMAP, as a non-executive member of the Board effective from admission of the new shares, and believe the Company will benefit from his real estate, operational and financial expertise.

"With the addition of this new capital and the confidence of our shareholders, we will continue the acceleration of our owned hotel development pipeline, allowing us to take advantage of the significant opportunities within our markets, delivering enhanced returns for our shareholders and underpinning the long-term growth of the easyHotel brand."

Terms defined in the circular dated 22 February 2018 have the same meaning in this announcement, save where the context otherwise requires.

Enquiries:

Notes to Editors:

www.easyhotel.com http://ir.easyhotel.com

easyHotel is the owner, developer, operator and franchisor of branded hotels. Its strategy is to target the super budget segment of the hotel industry by marketing "clean, comfortable and safe" hotel rooms to its customers.

Operating hotels

easyHotel's seven owned hotels currently comprise 702 rooms, and it has a further 19 franchised hotels with 1,641 rooms.

Owned hotels:

Old Street (London), Glasgow, Croydon, Birmingham, Manchester, Liverpool, Newcastle*.

Franchise locations:

Belgium (Brussels), Bulgaria (Sofia), Germany (Berlin, Frankfurt), Hungary (Budapest), The Netherlands (Amsterdam: City, Arena & Zaandam, Rotterdam, The Hague), Switzerland (Basel, Zurich), UAE (Dubai), United Kingdom (Edinburgh, London Heathrow, Central London, Luton).

Hotel development pipeline

The Company's committed development pipeline of owned and franchised hotels currently consists of:

Owned hotels:

United Kingdom (Ipswich, Sheffield, Leeds) Spain (Barcelona). Subject to planning consent: United Kingdom (Milton Keynes, Cardiff and Oxford*).

Franchise hotels:

UAE (Dubai), Germany (Bernkastel-Kues), Portugal (Lisbon), Turkey (Istanbul), UK (Belfast, Reading), Iran, Sri Lanka, Netherlands (The Hague Scheveningen Beach, Maastricht).

*Hotels under an operating lease.

-Ends-