Non-Executive Chair to Step Down

Hostelworld today announces that following his acceptance of an offer to become the full-time CEO of a large internationally based company at a later date in 2025, Ulrik Bengtsson has informed the Board of his decision to step down as Chairman and Non-Executive Director of Hostelworld. Ulrik will remain as Chairman and Non-Executive Director of the Board until 31 October 2025. The Board will immediately begin the recruitment process for a new Independent Non-Executive Chair to guide the Company on its next stage of ambitious growth, and a further update will be provided in due course.

The Company acknowledges the compelling opportunity this new CEO role represents and thanks Ulrik for his valued and continuing contribution since joining the Board in May 2024.

Ulrik Bengtsson, Hostelworld Chairman, commented:

"The opportunity to return to a full-time CEO position was compelling and is something that I am excited about. During my period at Hostelworld, we have worked intensively on the future growth strategy for the Group, which will be outlined at our capital markets day in April. I have great conviction in the growth potential of the Company and the continuing success of the Group's distinctive social strategy."