Time Out Hong Kong and Singapore Franchise Signed

Time Out Group plc (AIM: TMO), the global media and hospitality business, today announces that it has entered into a new 10-year franchise agreement with ITP Media Group ("ITP") covering Time Out's Media operations in Hong Kong and Singapore.

Under the agreement, ITP will operate Time Out Hong Kong and Time Out Singapore, including their editorial operations, digital platforms, social channels, events and experiential activations. The agreement builds on a successful partnership spanning more than 20 years, during which ITP has operated Time Out franchises across the Gulf Cooperation Council ("GCC"), including Dubai, Abu Dhabi, Bahrain, Doha, Riyadh and Jeddah. ITP Media Group is a leading media company operating more than 40 brands and over 200 live events annually, reaching a global monthly audience of more than 200 million across digital, social, print and live platforms.

Hong Kong and Singapore are well-established Time Out Media businesses with strong audiences and significant long-term growth potential. The new agreement supports Time Out's strategy of partnering with experienced local operators to grow the Media business while maintaining the editorial quality, trusted recommendations and city expertise that define the Time Out brand.

Rob Biagioni, CEO of Time Out Media, said:

"ITP has been a trusted Time Out franchise partner for more than 20 years, and this new 10-year agreement reflects the strength of that relationship and our confidence in their ability to continue growing the brand.

Hong Kong and Singapore are two of Asia's most exciting urban destinations and remain important markets for Time Out. We are delighted to be working with ITP on this next chapter and look forward to seeing the brand continue to thrive in both cities."

Martin Chambers, Managing Director of ITP Media Group, said:

"We are proud to strengthen our long-standing relationship with Time Out through this new agreement.

Time Out is one of the world's most recognisable city brands, and Hong Kong and Singapore are territories with enormous opportunities for growth across content, commercial partnerships, events and experiences. We look forward to building on Time Out's strong foundations and continuing to connect audiences with the very best of city life."

The transaction supports the Group's strategy of partnering with established local operators in selected territories while generating recurring franchise fee income from the Time Out brand. As part of the transaction, the Time Out Hong Kong and Singapore Media teams will transfer to ITP Media Group and continue supporting the business under the new franchise structure.

Completion of the transaction is occurring immediately. Time Out Hong Kong and Time Out Singapore will continue operating without interruption for readers, commercial partners and contributors.

About ITP Media Group

ITP Media Group is a privately owned media business and one of the world's most diversified media houses, with a portfolio spanning publishing, influencer marketing, live events and creative communications solutions. The company is led by Chief Executive Officer Ali Akawi.

Founded in 1987, ITP operates more than 40 media brands and over 200 live events annually from offices in the UAE, Saudi Arabia, India and the UK, with further global expansion planned for 2026. Across a vast network of digital, social, audio, video, print and events platforms, ITP Media Group reaches a monthly global audience in excess of 200 million.

ITP Media Group's current portfolio includes leading regional and international brands across luxury, business, lifestyle, hospitality, sport, gaming, entertainment and events, including ahlan, Arabian Business, Boutique Hotelier, Caterer Middle East, Commercial Interior Design, Construction Week, Hotelier Middle East, Out Of Office and WatchPro, while the company also operates Complex, Cosmopolitan, Dazed, Esquire, Grazia, Harper's Bazaar, Icon, Spartan, Time Out and Tough Mudder in the Middle East.