Safestay PLC Response to Share Price Movement

Safestay (AIM: SSTY), one of Europe’s largest hostel groups, notes the recent speculation and share price movement and confirms that it is considering the conditional sale of the freeholds of certain UK assets (the “Disposal”). The Company does not currently anticipate operational or headcount changes arising from any such freehold disposal.

Safestay shareholders should note that there can be no certainty that the Disposal will proceed and therefore they are advised to take no action. Further announcements will be made as appropriate.