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2015-04-24

Rezidor Hotel Group: INTERIM REPORT January-March 2015

First Quarter 2015

* Like-for-like ("L/L") RevPAR was up by 2.4%.
* Revenue increased by 2.4% to MEUR 216.4 (211.4). On a L/L basis Revenue
increased by 0.6%.
* EBITDA amounted to MEUR -0.7 (-0.8), and the EBITDA margin was -0.3%
(-0.4).
* EBIT amounted to MEUR -12.4 (-8.5) and the EBIT margin was -5.7% (-4.0).
* Loss after tax amounted to MEUR 13.4 (10.3).
* Basic and diluted loss per share was EUR 0.08 (0.07).
* Cash flow from operating activities amounted to MEUR -7.1 (-12.4).
* 2,305 new rooms were contracted, 227 new rooms opened and 867 rooms left
the system.

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| MEUR Q1 2015 Q1 2014 |
| Revenue 216.4 211.4 |
| EBITDAR 60.9 61.7 |
| EBITDA -0.7 -0.8 |
| EBIT -12.4 -8.5 |
| Profit/loss for the period -13.4 -10.3 |
| EBITDAR margin, % 28.1% 29.2% |
| EBITDA margin, % -0.3% -0.4% |
| EBIT margin, % -5.7% -4.0% |
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Comments from the CEO

RevPAR recovery continued during the first quarter of 2015

"Like-for-like RevPAR grew by 2.4% confirming the ongoing underlying positive
trend. Our hotels in Rest of Western Europe - led by Ireland and the UK -
experienced a solid development. Also in Eastern Europe the RevPAR trend was
encouraging. The overall positive impact was somewhat diluted by the
softening in Norway and some countries in the Middle East.

While the underlying operational performance showed an improvement, the
results were negatively impacted by two items. The first was that due to
timing differences our central marketing spend was MEUR 2.8 higher than the
comparative quarter. This resulted in a relatively weak EBITDA flow through.
The second impact was from expenses for renovation works of MEUR 2.9, which
was related to one leased hotel.

Rezidor continues to deliver on our commitment to enhance the product offering
and improve our competitive positioning in select markets. This was evidenced
by further progress in the renovation of our leased hotels during the quarter
with capex spend of MEUR 14.5.

During the quarter, we opened three new hotels with 227 rooms, and entered
into long-term management and franchise agreements for ten hotels totalling
2,305 rooms. Although six hotels with 867 rooms left the system, half of them
were unprofitable, so the exits actually had a small positive impact on the
bottom-line."

Wolfgang M. Neumann, President&CEO

Presentation of the Q1 Results

On April 24, 2015 at 09:00 (Central European Time) a combined telephone
conference and live webcast (in English) concerning the report will be
presented by the President&CEO, Wolfgang M. Neumann and Deputy President&CFO,
Knut Kleiven. To follow the webcast, please visitwww.investor.rezidor.com.

To access the telephone conference, please dial:

--------------------------------------
| Sweden, Local: +46(0)8 5065 3937 |
| Sweden, Free: 0200 883 440 |
| UK, Local: +44(0)20 3427 1903 |
| UK, Free: 0800 279 5736 |
| USA, Local: +1 646 254 3360 |
| USA, Free: 1877 280 2342 |
| France, Local: +33(0)1 76 77 22 25 |
| France, Free: 0805 631 579 |
--------------------------------------
Confirmation code: 8339952. For a replay of the conference call please
visitwww.investor.rezidor.com.

Financial Calendar

Q2 2015 results: July 23, 2015
Q3 2015 results: October 22, 2015

For Further Information, Contact

Knut Kleiven
Deputy President&CFO
Tel: +32 2 702 9244
Fax: +32 2 702 9330
knut.kleiven@carlsonrezidor.com

Andrea Brandenberger
Senior Director
Business Development Strategy&Investor Relations
Tel: +32 2 702 9237
andrea.brandenberger@carlsonrezidor.com

The Rezidor Hotel Group Corporate Office
Avenue du Bourget 44
B-1130 Brussels
Belgium
Tel: +32 2 702 9200
Fax: +32 2 702 9300

Website:www.rezidor.com

About the Rezidor Hotel Group

The Rezidor Hotel Group currently features a portfolio of 434 hotels with over
96,000 rooms in operation and under development in 75 countries across
Europe, the Middle East and Africa. Rezidor operates the core brands Radisson
Blu and Park Inn by Radisson.

Rezidor is a member of the Carlson Rezidor Hotel Group.

For more information, visitwww.rezidor.com.

This quarterly report comprises information which Rezidor Hotel Group AB
(publ) is required to disclose under the Securities Markets Act and/or the
Financial Instruments Trading Act. It was released for publication at 07:30
Central European Time on April 24, 2015.

Stockholm April 24, 2015

Wolfgang M. Neumann
President&CEO
Rezidor Hotel Group AB

The full report with tables can be downloaded from the following link:

Rezidors Interim Report January-March 2015
http://hugin.info/142138/R/1914189/683952.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Rezidor Hotel Group via Globenewswire

HUG#1914189

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