Launch of Share Buyback

Hostelworld Group plc ("Hostelworld" or the "Company") today announces the commencement of a share buyback programme to repurchase ordinary shares of up to a maximum aggregate consideration of £5 million (the "Maximum Consideration").

The Company has entered into irrevocable, non-discretionary arrangements with Goodbody Stockbrokers UC ("Goodbody") to repurchase ordinary shares on the Company's behalf up to the Maximum Consideration (the "Share Buyback Programme").

The Share Buyback Programme will commence on 19 June 2025, and may continue until 31 December 2025, subject to market conditions, the ongoing capital requirements of the business and termination provisions customary for arrangements of this nature, unless the amount of the Maximum Consideration is reached earlier. The maximum number of ordinary shares to be repurchased under the Share Buyback Programme is 12,498,978 pursuant to the Company's general authority to repurchase ordinary shares approved by shareholders at the Company's AGM on 7 May 2025 (the "2025 Repurchase Authority") and such ordinary shares may only be repurchased on the London Stock Exchange. The purpose of the Share Buyback Programme is to reduce the Company's share capital, and it is intended that the shares repurchased will be cancelled.

Goodbody will make their trading decisions in relation to the Company's shares independently of, and uninfluenced by, the Company and in accordance with certain pre-set parameters.

The Share Buyback Programme will be conducted (i) in accordance with the 2025 Repurchase Authority and (ii) within the parameters prescribed by the Market Abuse Regulation 596/2014/EU ("EU MAR"), the Commission Delegated Regulation (EU) 2016/1052 and the Commission Delegated Regulation (EU) 2016/1052 (also as in force in the United Kingdom ("UK"), from time to time, including, where relevant, pursuant to the UK's Market Abuse (Amendment) (EU Exit) Regulations 2019 ("UK MAR")) as well as the applicable laws and regulations of the London Stock Exchange.

The Share Buyback Programme may be supplemented by the purchase of ordinary shares by way of block trades in accordance with the Company's general authority to repurchase shares. The Maximum Consideration payable by the Company under the Share Buyback Programme will be reduced by the corresponding amount of capital returned through block trades.

Details of any ordinary shares repurchased will be notified to a Regulatory Information Service by the Company following any repurchase.

The company is initiating the share buyback programme in line with the capital allocation framework presented at our recent Capital Markets Day. This decision underscores our confidence in our robust financial position and our commitment to enhancing shareholder value. Importantly, this programme will not limit our capacity to pursue complementary strategic acquisitions that will help to support growth, enhance our capabilities, and drive incremental returns for shareholders.

The Company confirms that, following the release of this announcement, it is not in possession of any unpublished price sensitive information.

MAR information

For the purposes of UK MAR and EU MAR, this announcement is being made on behalf of the Company by Caroline Sherry, Chief Financial Officer.