Directorate Change

The board of directors (the "Board") of Safestay (AIM: SSTY) announces that, after more than 15 years at the Company, Larry Lipman has informed the Board of his decision to retire and step down as Executive Chairman and a director of the Company with immediate effect. The Board thanks Larry for his significant and highly valued contributions to Safestay over many years with the business.

The Board is pleased to announce that Paul Cummins has been appointed as the Company’s Executive Chairman with immediate effect. Paul has been a Non-Executive Director of Safestay since October 2022, having previously served as an Alternate Director from September 2018 to October 2022. Paul is a qualified chartered accountant and is Investment Director of Pyrrho Investments Ltd, Safestay’s largest shareholder with a 29.30% shareholding.

Considering Paul’s extensive knowledge of the business gained during his time on the Board, Larry and the Board have agreed for the succession to be effective immediately. Carlos Salas Dual, who was appointed to the Board as Chief Financial Officer in June 2025 and Davide Caschili, who was appointed to the Board as Chief Operating Officer in June 2026 will report directly into Paul Cummins.

Anson Chan’s appointment as alternate director to Paul Cummins will cease with immediate effect.

Paul Cummins, Executive Chairman, commented:

“Having had the pleasure of working alongside Larry over several years, I would like to thank him for his leadership and significant contributions to the Group.

I look forward to working closely with my fellow Board members and our talented executive team to deliver our strategic priorities, grow the business and create shareholder value."

Larry Lipman, outgoing Executive Chairman, commented:

"It has been a privilege to serve as Executive Chairman of Safestay and to have worked with so many fantastic colleagues over the years. Following more than 15 years in the role, now is the right time for me to retire and I am delighted that Paul, who brings considerable knowledge of the Group from his time on the Board, will be taking on the role of Executive Chairman.

I would like to thank my fellow Board members, the executive team, and the wider organisation for their support and commitment. I also remain a supportive shareholder and look forward to following the Group's continued progress in the years ahead.”

Kitzbühel Alpine, Austria (Franchise)

Kitzbühel Centre, Austria (Franchise)

Brussels Grand Place, Belgium

Prague Charles Bridge, Czechia

Athens Monastiraki, Greece

Naples, Italy

Pisa Centrale, Italy

Warsaw Old Town, Poland

Lisbon Bairro Alto, Portugal

Bratislava Presidential Palace, Slovakia

Barcelona Gothic, Spain

Barcelona Passeig de Gracia, Spain

Calpe Seafront, Spain (in development)

Córdoba Mezquita Catedral, Spain

Madrid Central, Spain

Brighton, UK

Edinburgh Cowgate, UK (Franchise)

London Elephant & Castle, UK

York Micklegate, UK