Result of Meeting

17 September 2020

For Immediate Release

LEI:213800OC94PF2D675H41

HOSTELWORLD GROUP PLC (the "Company")

RESULTS OF GENERAL MEETING

Introduction

Further to the announcement on 28 August 2020, the Company is pleased to announce that at its General Meeting held earlier today, the resolution proposed was voted on by poll and duly passed.

Accordingly, the Company has today:

· approved the Bonus Issue; and

· authorised the directors to capitalise a sum of €16,362.52 standing to the credit of the Company's share premium account to pay up in full, and to allot, the Bonus Issue Shares.

In accordance with Listing Rule 9.6.2, copies of the resolutions passed at the General Meeting are being submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. In accordance with the Listing Rules of Euronext Dublin, a copy of the Resolution has also been forwarded to Euronext Dublin and will shortly be available for inspection at the following address:

Companies Announcement Office

Euronext Dublin

28 Anglesea Street

Dublin 2

Terms used in this announcement shall have the same meanings as those defined in the announcement on 28 August 2020.

Admission to Trading and Total Voting Rights

As set out in the announcement on 28 August 2020, applications have been made for admission to (i) listing on the premium listing segment of the UK Official List in accordance with the Listing Rules and to trading on the UK Main Market in accordance with the UK Admission and Disclosure Standards and (ii) listing on the secondary listing segment of the Irish Official List and to trading on the Irish Main Market in accordance with the Irish Listing Rules ("Admission"), and it is anticipated that Admission will take place at 8.00 a.m. on 18 September 2020. In conformity with the FCA Disclosure Guidance and Transparency Rules 5.6.1R and 5.6.1AR, subsequent to the Bonus Issue, the Company's issued share capital will consist of 116,321,185 ordinary shares of €0.01 each. The Company does not hold any shares in treasury. This figure, 116,321,185, may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The full details of the votes cast are as follows:

The issued share capital at the date of the General Meeting was 114,684,933 ordinary shares of €0.01 each.

*A 'vote withheld' is not a vote in law and has not been counted in the calculation of votes for and against.

For further information please contact:

Hostelworld Group plc 

Gary Morrison Chief Executive Officer

TJ Kelly Chief Financial Officer

Rudolf O'Kane Head of Commercial Finance

Tel: +353 (0) 1 498 0700

Powerscourt (Financial PR adviser)

Lisa Kavanagh

Eavan Gannon

Jack Shelley

Tel: +44 (0) 20 7250 1446

Email: hostelworld@powerscourt-group.com