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2014-04-22

Rezidor Hotel Group: Terms for Rezidor's rights issue set

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA OR THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.

Brussels, 22 April 2014

* Shareholders in Rezidor have preferential rights to subscribe for one new
share for six existing shares held.

* The subscription price is SEK 22.30 per share, which represents total
rights issue proceeds of a maximum of approximately SEK 544 million
(corresponding to approximately EUR 60 million[1]) before transaction
costs.

* The subscription period runs from and including 5 May up to and including
21 May 2014.

* Rezidor's principal shareholder, Carlson, has (through Carlson Summit, Inc.
and Carlson Hotels, Inc., together referred to herein as "Carlson"),
subject to customary conditions, committed to subscribe for its pro-rata
share of the rights issue, corresponding to approximately 51.3 percent of
the new shares.[2]

* The rights issue is subject to approval by the Annual General Meeting to be
held on 24 April 2014.

The Board of Directors of Rezidor Hotel Group AB (publ) ("Rezidor") has set
the terms and the subscription price for the rights issue that was decided on
23 March 2014. The rights issue is subject to approval by the Annual General
Meeting on 24 April 2014.

For each existing share in Rezidor, the holder is entitled to one (1)
subscription right, and six (6) subscription rights entitle the holder to
subscribe for one (1) new share. The subscription price is SEK 22.30 per
share, representing an implied discount of approximately 43 percent to the
theoretical ex-rights price based on the closing price on 17 April 2014.
Based on these terms the rights issue will provide Rezidor with proceeds of a
maximum of approximately SEK 544 million (corresponding to approximately EUR
60 million[1]), before transaction costs, through the issue of no more than
24,386,817 new shares. Through the rights issue, the share capital will
increase by no more than approximately EUR 1,625,766.[3]

The record date at Euroclear Sweden AB for participation in the rights issue
with preferential rights is 29 April 2014. This means that the Rezidor share
will trade excluding preferential rights to participate in the rights issue
from and including 25 April 2014.

The subscription period will run from and including 5 May up to and including
21 May 2014 or such later date as decided by the Board of Directors. Trading
in subscription rights will take place on NASDAQ OMX Stockholm from and
including 5 May up to and including 16 May 2014.

Note that the subscription rights are expected to have an economic value. In
order not to lose the value of the subscription rights, the subscription
rights must either be exercised to subscribe for new shares or be sold if the
subscription rights are not exercised.

Expected timetable for the rights issue

----------------------------------------------------------------------------------------------------
|24 April 2014 Annual General Meeting decides on the rights issue resolved by the Board of |
| Directors. Last day of trading in the shares including right to participate |
| in the rights issue.[4] |
|25 April 2014 First day of trading in the shares excluding right to participate in the |
| rights issue. |
|28 April 2014 Estimated day for publication of the prospectus. |
|5 May - 16 May 2014 Trading in subscription rights. Shareholders who do not wish to subscribe for |
| shares and who do not want to lose the value of their subscription rights can |
| sell their subscription rights during this period. |
|5 May - 21 May 2014 Subscription period. |
|26 May 2014 Estimated date of publication of the preliminary result of the rights issue. |
----------------------------------------------------------------------------------------------------
Subscription rights and subscription period

Shareholders have preferential rights to subscribe for shares in proportion to
their existing holdings on the record date 29 April 2014 (trading date 24
April 2014). Subscriptions may also be submitted without preferential rights.
The subscription period runs from and including 5 May to and including 21 May
2014, or such later day as decided by the Board of Directors.

Subscription undertakings etc.

Rezidor's principal shareholder, Carlson, has undertaken to vote in favor of
the rights issue at the Annual General Meeting.[5] Carlson has moreover,
subject to customary conditions, committed to subscribe for its pro-rata
share of the rights issue, corresponding to approximately 51.3 percent of the
new shares.

Financial and legal advisers

SEB Corporate Finance is financial adviser and White&Case is legal adviser to
Rezidor in conjunction with the rights issue.

[1] Based on the Swedish krona/euro exchange rate of 9.1036 as published by
the Central Bank of Sweden (Sw. Riksbanken) 17 April 2014.
[2] Carlson owns, through Carlson Summit, Inc. and Carlson Hotels, Inc.,
75,044,733 shares of the total number of outstanding 146,320,902 shares in
Rezidor.
[3] Rezidor's shares are denominated in euros.
[4] The record date is 29 April 2014 at Euroclear Sweden AB for participating
in the rights issue, i.e. shareholders who are registered in the company's
share register as of this day will receive subscription rights for
participation in the rights issue.
[5] Carlson owns, through Carlson Summit, Inc. and Carlson Hotels, Inc.,
75,044,733 shares of the total number of outstanding 146,320,902 shares in
Rezidor.

For further questions, please contact

Knut Kleiven, Deputy President&CFO, +32 475 510 406,knut.kleiven@rezidor.com
Luv Mittal, VP Finance, Strategy, Treasury&Insurances, +32 479 330 751,
luv.mittal@rezidor.com

The information in this news release has been made public according to the
Swedish Securities Market Act and/or the Swedish Financial Instruments
Trading Act. This information was published at 08:00 CET on 22 April 2014.

Disclaimer

This announcement is not an offer for subscription for shares in Rezidor Hotel
Group AB (publ) ("Rezidor"). A prospectus relating to the rights offering
referred to in this announcement and the subsequent listing of the ordinary
shares at NASDAQ OMX Stockholm will be prepared and filed with the Swedish
Financial Supervisory Authority. After approval and registration of the
prospectus by the Swedish Financial Supervisory Authority, the prospectus
will be published and made available pursuant to applicable rules and
regulations. This announcement is not a prospectus and investors should not
subscribe for or purchase any securities referred to in this press release,
except on the basis of information provided in the prospectus to be published
by Rezidor.

The distribution of this announcement in certain jurisdictions may be
restricted by law and persons into whose possession it or any part of it
comes should inform themselves about and observe any such restrictions. The
information in this announcement shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
securities referred to herein in any jurisdiction in which such offer,
solicitation or sale would require preparation of further prospectuses or
other offer documentation, or be unlawful prior to registration, exemption
from registration or qualification under the securities laws of any such
jurisdiction. Copies of this announcement are not being, and may not be,
distributed or sent, in whole or in part, directly or indirectly, into
Australia, Canada, Hong Kong, Japan, South Africa or the United States.

SEB Corporate Finance is acting for Rezidor and no one else in connection with
the rights offering and will not be responsible to anyone other than Rezidor
for providing the protections afforded to their respective clients or for
providing advice in relation to the rights offering and/or any other matter
referred to in this announcement.

This announcement does not constitute or form part of an offer or solicitation
of an offer to purchase or subscribe for securities in the United States. The
securities referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may
not be offered or sold in the United States absent registration under the
Securities Act or an exemption therefrom. No public offering of the
securities referred to herein is being made in the United States.

Rezidor has not authorized any offer to the public of securities in any Member
State of the European Economic Area other than Sweden (and any other
jurisdiction into which the offering of shares or rights will be passported).
With respect to each Member State of the European Economic Area other than
Sweden (and any other jurisdiction into which the offering of shares or
rights will be passported) and which has implemented the Prospectus Directive
(each, a "Relevant Member State"), no action has been undertaken or will be
undertaken to make an offer to the public of securities requiring publication
of a prospectus in any Relevant Member State. As a result, the securities may
only be offered in Relevant Member States (a) to any legal entity which is a
qualified investor as defined in the Prospectus Directive; or (b) in any
other circumstances falling within Article 3(2) of the Prospectus Directive.
For the purposes of this paragraph, the expression an "offer of securities to
the public" means the communication in any form and by any means of
sufficient information on the terms of the offer and the securities to be
offered so as to enable an investor to decide to exercise, purchase or
subscribe the securities, as the same may be varied in that Member State by
any measure implementing the Prospectus Directive in that Member State and
the expression "Prospectus Directive" means Directive 2003/71/EC (and
amendments thereto, including the 2010 PD Amending Directive, to the extent
implemented in the Relevant Member State), and includes any relevant
implementing measure in the Relevant Member State and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU.

This announcement is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who have professional experience in matters relating
to investments falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") a...

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