Selina Announces Expedited Funding under Subscription Agreement and Other Financing Updates

Selina Hospitality PLC ("Selina" or the “Company”; NASDAQ: SLNA), a global lifestyle and hospitality company catering to millennial and Gen Z travelers, is pleased to provide updates regarding recent fundraising and liability restructuring transactions.

Amendment to subscription agreement

• On April 23, the Company and Osprey International Limited (“Osprey”) amended the $12 million Subscription Agreement, which was entered into on January 25, 2024.
• Osprey has agreed to expedite the funding of its remaining $6 million investment under that Subscription Agreement via four monthly installments of $1.5 million each through August 2024. Originally, the investment was to be paid in nine installments through December 2024.
• This decision reflects Osprey's strong commitment to Selina and their confidence in the Company’s progress. The funds are designated to be used primarily for marketing/commercial efforts and property maintenance capital expenditures, aligning with Selina’s vision for success.

Private warrant exchange

• On April 24, Selina and Bet on America LLC (the former sponsor of BOA Acquisition Corp., the entity involved in the business combination with Selina) entered into a Warrant Exchange Agreement.
• This agreement involves Bet on America LLC returning 6,575,000 private placement warrants for cancellation in exchange for 1,643,750 ordinary shares of Selina.
• The Company’s Board of Directors previously approved the exchange of the 7,666,511 outstanding public warrants for ordinary shares of the Company at the same four-to-one warrant-to-share exchange ratio.

Share capital update

• As of April 26, 2024, Selina had a total of 543,668,969 ordinary shares issued and outstanding.
• This number includes 431,039,028 shares issued in connection with investments from Osprey and other investors, the conversion of a portion of Osprey's debt, and the exercise of warrants by Osprey, other investors, and certain holders of the 6.0% Senior Secured Notes due 2029 since the initial closing of the fundraising and liability restructuring transactions announced on January 26, 2024.

About Selina Hospitality PLC

Selina Hospitality PLC (NASDAQ: SLNA) is a global hospitality brand built to address the needs of millennial and Gen Z travelers, blending beautifully designed accommodations with coworking, recreation, wellness, and local experiences. Founded in 2014 and custom-built for today’s nomadic traveler, Selina provides guests with a global infrastructure to seamlessly travel and work abroad. Each Selina property is designed in partnership with local artists, creators, and tastemakers, breathing new life into existing buildings in interesting locations in 22 countries on six continents – from urban cities to remote beaches and jungles. To learn more, visit Selina.com or follow Selina on X, Instagram, Facebook, Linkedin or YouTube.