Pandox AB (Publ): Clarification Following Newspaper Article Regarding Kristiansand and Hafjell

Regulatory News:

Following an article in the Norwegian newspaper Finansavisen, dated 16 October 2015, regarding a possible taking over of operations at Quality Kristiansand and Quality Resort Hafjell, with Nordic Choice Hotels as tenant, Pandox wishes to make the following clarifications:

- The lease agreements for these hotel properties expires in May and August 2016 respectively, of which Quality Hafjell in line with previous information is planned to be converted to approximately 100 apartments when the current lease expires

- No decision has been made as to how Kristiansand should be operated thereafter

- Pandox will revert with information when such a decision has been made

- Quality Kristiansand and Quality Resort Hafjell are currently included in the financial reporting segment Property management and have 210 rooms each

Pandox AB (publ) is required to publish this information under the Swedish Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on 16 October 2015 at 08:55 CEST.

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