NOVEL THINKING

", Commenting on the acquisition, Simon Sherwood, Non-Executive Chairman of Elegant said, "The Board of Elegant Hotels is confident in the Group's long-term prospects but believes that this offer represents compelling value for our shareholders and a great opportunity for our employees to be part of one of the world's leading hotel companies.

Any approval, decision or other response to the Acquisition should be made only on the basis of the information in the Scheme Document. Each Elegant Shareholder is urged to consult its independent professional adviser immediately regarding the tax consequences to it (or its beneficial owners) of the Acquisition. The Acquisition will be made solely on the terms set out in the Scheme Document and the accompanying Forms of Proxy, which contain the full terms and conditions of the Acquisition, including details of how to vote in respect of the Acquisition. Further, it may be difficult to compel a non-US company and its affiliates to subject themselves to a US court's jurisdiction or judgment. Under the terms of the offer, each Elegant shareholder would be entitled to receive 110 pence per Elegant share. In August, Marriott launched an all-inclusive platform with the goal of growing a worldwide portfolio of resorts in popular vacation segments by leveraging the company's operational and development expertise, its Marriott Bonvoy travel program with roughly 133 million members, and its iconic hotel brands. Liberum Capital Limited ("Liberum"), which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively as financial adviser and broker to Elegant and for no one else in connection with the Acquisition or other matters set out in this Announcement and will not be responsible to anyone other than Elegant for providing the protections afforded to its clients nor for providing advice in relation to the Acquisition or other matters set out in this Announcement. If you have any questions about the Scheme Document, the Court Meeting, or the General Meeting, or how to complete the Forms of Proxy, please call Link Asset Services on +44 (0) 371 664 0321. "The addition of the Elegant portfolio will help us further jumpstart our expansion in the all-inclusive space, while providing more choices on the breathtaking island of Barbados for our 133 million Marriott Bonvoy members. “The addition of the Elegant Hotels portfolio will help us further jumpstart our expansion in the all-inclusive space while providing more choices on the breathtaking island of Barbados for our 133 million Marriott Bonvoy members.”, Available for everyone, funded by readers. Six of the seven properties are situated along the prestigious west coast of …

Any information about such purchases will be disclosed, as required in the UK, will be reported to a Regulatory Information Service and will be available on the London Stock Exchange website at www.londonstockexchange.com. Disclosure requirements of the CodeUnder Rule 8.3(a) of the Code, any person who is interested in 1 per cent. To the fullest extent permitted by applicable law, the companies and persons involved in the Acquisition disclaim any responsibility or liability for the violation of such restrictions by any person.

As a result of the Scheme having become Effective, share certificates in respect of the Elegant Shares have ceased to be valid documents of title and entitlements to Elegant Shares held in uncertificated form in CREST are being cancelled. An Elegant Hotel | Union Square Two parts glitz and glam, two parts elegant and comfortable—this jewel box hotel is a true gem. Any failure to comply with the applicable restrictions may constitute a violation of the securities laws of any such jurisdiction.

Liberum Capital Limited(Financial adviser, nominated adviser and broker to Elegant), International Hotel Licensing Company S.à r.l.Connie Kim, Media Relations, PricewaterhouseCoopers LLP(Financial adviser to Marriott and IHLC).

Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,400 properties under 30 leading brands spanning 135 countries and territories.

Financial information relating to Elegant included in this Announcement and the Scheme Document has been or will have been prepared in accordance with accounting standards applicable in the United Kingdom that may not be comparable to financial information of US companies or companies whose financial statements are prepared in accordance with generally accepted accounting principles in the United States. was issued over London’s Regulatory News Service earlier today.

Marriott has completed its purchase of Elegant Hotels Group, the owner of seven hotels in Barbados. The cafe chain was sold to the Irish private equity firm Causeway Capital Partners. Additional information for US investorsThe Acquisition relates to the shares of a UK company and is being made by means of a scheme of arrangement provided for under the laws of England and Wales.

Overseas shareholdersThe release, publication or distribution of this Announcement in or into jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the law of any jurisdiction other than the UK should inform themselves about, and observe, any applicable legal or regulatory requirements. Elegant owns and operates seven hotels with 588 rooms and a beachfront restaurant on the island of Barbados. Doing so may render invalid any related purported vote in respect of the Acquisition. The contemporary rooms are a bit basic for this caliber, but all have balconies or patios. Any representation to the contrary is a criminal offence in the United States.

Elegant shareholders were urged last year to boot Johnson off the board because of his many other directorships, which at the time included London’s Almeida theatre, the Gail’s bakery owner, Bread Holdings, and Patisserie Valerie. Important noticesPricewaterhouseCoopers LLP (''PwC"), which is authorised and regulated in the United Kingdom by the FCA, is acting as financial adviser to Marriott and IHLC and for no one else in connection with the Acquisition or other matters referred to in this Announcement and will not be responsible to anyone other than Marriott and IHLC for providing the protections afforded to its clients nor for providing advice in relation to the Acquisition, the contents of this Announcement or any other matters set out in this Announcement.

US holders of Elegant Shares may not be able to sue a non-US company or its officers or directors in a non-US court for violations of US Federal securities laws. Publication on website and availability of hard copiesIn accordance with Rule 26.1 of the Code, a copy of this announcement will be made available (subject to certain restrictions relating to persons resident in Restricted Jurisdictions), free of charge, on Elegant's website https://www.eleganthotelsgroup.com/investor-information/regulatory-news by no later than 12:00 noon on the Business Day following the date of this Announcement. The former Pizza Express and Patisserie Valerie boss is cashing in after Marriott International, the hotel group that owns the Sheraton, Westin and Renaissance brands, announced a deal to buy Elegant Hotels, which is listed on the UK’s junior Aim market, for £100.8m.

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