Pandox — M&A Activity 2019

Dec 3, 2019

Press release Stockholm, 03/12/2019

Pandox has completed previously announced acquisition of two hotels in Germany and the Netherlands

Pandox AB (publ) has completed the acquisition of two hotel properties including operations in Hannover, Germany, and in the Hague, the Netherlands, which was announced 18 October 2019.

The hotel properties are reported in the business segment Operator Activities per 2 December 2019. For more information about the acquired hotel properties, please see the press release from 18 October 2019 when the acquisition was announced.

FOR MORE INFORMATION, PLEASE CONTACT:

Anders Nissen, CEO, +46 (0) 708 46 02 02 Liia Nõu, CFO, +46 (0) 702 37 44 04 Anders Berg, Head of Communications and IR, +46 (0) 760 95 19 40

The information was submitted for publication, through the agency of the contact persons set out above, at 08:30 CET on 3 December 2019.

About Pandox

Pandox is a leading owner of hotel properties in Northern Europe with a focus on sizeable hotels in key leisure and corporate destinations. Pandox's hotel property portfolio comprises 148 hotels with approximately 33,200 hotel rooms in 15 countries. Pandox's business is organised into Property management, which comprises hotel properties leased on a longterm basis to market leading hotel operators, and Operator activities, which comprises hotel operations executed by Pandox in its owner-occupied hotel properties. Pandox was founded in 1995 and the company's B shares are listed on Nasdaq Stockholm. www.pandox.se