Statement regarding Possible Offer

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). IT DOES NOT REPRESENT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT ANY SUCH OFFER WILL BE MADE NOR AS TO THE TERMS ON WHICH ANY SUCH OFFER MIGHT BE MADE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Safestay plc

("Safestay", the "Company" or the "Group")

Statement regarding possible offer

The Board of Safestay plc notes the publication of information on the website of Infill Capital Partners ("ICP") referring to a potential acquisition of Safestay plc, described as a £40.9 million take-private transaction in due diligence, and confirms that it is in discussions with ICP, acting through Lume HoldCo S.à r.l., regarding a possible offer for the entire issued and to be issued share capital of Safestay, which may include a cash offer and an unlisted share alternative. The Company has provided ICP with access to limited due diligence materials and discussions remain ongoing. No firm offer has been made and there can be no certainty that any offer for Safestay will be made, nor as to the terms of any such offer. Accordingly, shareholders are advised to take no action at this time. A further announcement will be made as appropriate.

In accordance with Rule 2.6(a) of the Code, by not later than 5.00 pm on 7 August 2026, ICP must either announce a firm intention to make an offer for Safestay in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Safestay, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

As a consequence of this announcement, an offer period has now commenced in respect of Safestay in accordance with the Code, and the attention of Safestay shareholders is drawn to the disclosure requirements of Rule 8 of the Code, which are summarised below.

This announcement has been made without the consent of ICP.

Additional information

Market Abuse Regulations

596/2014 as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). Upon the publication of this announcement via a regulatory information service, this inside information will be considered to be in the public domain.

Rule 2.9 disclosure