SIPP.L Regulatory News (SIPP)

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

The Hotel Corporation plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

3. Full name of person(s) subject to thenotification obligation: iii

Miton Group plc

4. Full name of shareholder(s)  (if different from 3.):iv

See section 9 below

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

23/04/2013

6. Date on which issuer notified:

25/04/2013

7. Threshold(s) that is/are crossed orreached: vi, vii

Was 10.54%, Now 6.93%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B01H4N01

5,251,833

5,251,833

3,454,013

n/a

3,454,013

n/a

6.93%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,454,013

6.93%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

CF Miton Distribution Fund

Bank of New York Nominees

Ltd a/c 392513

1,897,864

Segregated Account

Bank of New York Nominees Ltd

a/c 156547

326,944

Roy Nominees, 71 Queen Victoria Street, London, EC4V 4DE

Roy Nominees, 71 Queen Victoria Street, London, EC4V 4DE

653,888

Midas Income & Growth Trust

State Street Nominees Ltd a/c XCE3

444,614

Segregated Account

Bank of New York Nominees Ltd a/c 318901

130,703

CF Miton Diversified Growth Fund

Bank of New York Nominees Ltd a/c 392512

0

Proxy Voting:

10. Name of the proxy holder:

n/a

11. Number of voting rights proxy holder will ceaseto hold:

n/a

12. Date on which proxy holder will cease to holdvoting rights:

n/a

13. Additional information:

Miton Capital Partners Ltd

and

Miton Asset Management Ltd

are both subsidiaries of Miton Group plc

14. Contact name:

Ian Borrows

15. Contact telephone number:

0151 906 2476