SAGA PLC

Regulatory Filings • Jan 26, 2024

National Storage Mechanism | Additional information

RNS Number : 9829A

SAGA PLC

26 January 2024

26th January 2024

Saga plc

Response to Media Coverage

Saga plc (Saga or the Group) notes recent media coverage.  Saga is committed to providing best-in-class products and services to its customers across all its businesses. The Board is exploring opportunities to optimise Saga's operational and strategic position in Cruise, where exceptional demand for its boutique ocean cruise offer means it is operating at close to capacity. It has concluded that a partnership arrangement for Ocean Cruise would be consistent with Group strategy to move to a capital-light business model to support further growth and crystalise value, reduce debt and enhance long-term returns for shareholders.

No decision has yet been made and there can be no certainty that any partnership agreement will occur. A further announcement will be made in due course, as appropriate.

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