OAHT Update 25 June 2018

The consolidated accounts for Oasis have been finalised, and the audit by BDO completed. The Executive Board of Oasis meets at the end of June to approve and distribute these accounts as appropriate. However, we have received an advanced copy, and have the agreement of Alexandre Abade, the Group CEO, to share the performance highlights:

- Revenues: +10.2% to €31.8m
- EBITDA: +20.7% to €9.9m
- Net Profit: +18.2% to €2.4m
- Net Debt / EBITDA: 3.49x

Please note, these are headline figures for the Group as a whole, and so are not directly relevant to OAHT (UK). However, they are indicative of the good growth curve along which Oasis is travelling.

Oasis Group management feels that Cape Verde continues to grow in performance. In 2018 the number of rooms available to Oasis has remained static compared to those available in 2017. With room capacity at a stable level, price inflation and occupancy levels continue to rise.