Schedule 1 - Safestay Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Safestay Plc ("Safestay" or the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered office:

1a Kingsley Way

London, N2 0FW

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.safestay.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

The Company's strategy is to create a leading brand of hostels under the name "Safestay". Safestay and its subsidiaries (the "Group") operates a new style of contemporary hostel, designed to appeal to a broad range of guests. Known as "boutique hostels" within the travel industry, they are aimed at providing safe, stylish accommodation which offers a more attractive alternative to both traditional hostels and budget hotel accommodation.

Having established a portfolio of three hostels during 2014, the Group proposes to expand its portfolio by acquiring a hostel in Edinburgh for a consideration of £14.9 million, which acquisition constitutes a reverse takeover under Rule 14 of the AIM Rules.

The Company's main country of operation is the UK.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Up to 16,281,129 ordinary shares of 1p each

No shares held in treasury.

No restrictions as to transfer of the securities.

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital raised: up to £9.34 million (comprising £8.35 million (before expenses) pursuant to a firm placing and up to £0.994 million (before expenses) pursuant to an open offer)

Anticipated market capitalisation on Admission: £22.0 million (at the placing price of 62p per share) assuming the open offer is fully subscribed

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

Not Applicable

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Larry Glenn Lipman, Chairman

Philip James Houghton, Chief Executive

Colin Michael Stone, Finance Director

Stephen David Moss, Non-Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before Admission:

Miton Group Plc 29.9%

Safeland Holdings 12.1%

River & Mercantile Asset Management 7.8%

Ord Minnett Limited 7.4%

Slater Investments Limited 3.5%

GHC Capital Markets Limited 3.5%

Sanlam Private Investments (UK) Limited 3.1%

After Admission:

Miton Group Plc TBC%

Safeland Holdings TBC%

River & Mercantile Asset Management TBC%

Ord Minnett Limited TBC%

Slater Investments Limited TBC%

GHC Capital Markets Limited TBC%

Sanlam Private Investments (UK) Limited TBC%

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

Not Applicable

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 31 December 2014

(iii) 30 September 2015 (interim report for the six months ended 30 June 2015)

30 June 2016 (annual report for the twelve months ending 31 December 2015)

30 September 2016 (interim report for the six months ending 30 June 2016)

EXPECTED ADMISSION DATE:

10 September 2015

NAME AND ADDRESS OF NOMINATED ADVISER:

Westhouse Securities Limited

110 Bishopsgate

London, EC2N 4AY

NAME AND ADDRESS OF BROKER:

Westhouse Securities Limited

110 Bishopsgate

London, EC2N 4AY

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission Document, which contains full details about the applicant and the admission of its ordinary shares to AIM, is available on the Company's website (www.safestay.com) in accordance with AIM Rule 26.

DATE OF NOTIFICATION:

26 August 2015

NEW/ UPDATE:

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