Statement by the Independent Committee of the Board of Directors of Radisson in relation to the increased mandatory public offer from the consortium led by Jin Jiang International Holdings Co., Ltd.

Statement by the Independent Committee of the Board of Directors of Radisson in relation to the increased mandatory public offer from the consortium led by Jin Jiang International Holdings Co., Ltd., including SINO-CEE Fund, through Aplite Holdings AB
The Independent Committee of Radisson recommends the shareholders of Radisson not to accept the increased mandatory public offer made by the Consortium.

This statement is made by the independent committee^[1] (the "Independent Committee") of the Board of Directors of Radisson Hospitality AB (publ) (the "Company" or "Radisson") pursuant to section II.19 of Nasdaq Stockholm's Takeover Rules (the "Takeover Rules").

Background
On 13 November 2018, a consortium led by Jin Jiang International Holdings Co., Ltd., including SINO-CEE Fund, through the joint acquisition vehicle Aplite Holdings AB (the "Consortium"), announced that it had completed the acquisition of 87,552,187 shares in the Company from Radisson Hospitality Inc., corresponding to approximately 50.21 percent of the shares and votes in the Company. The completion of the acquisition triggered an obligation for the Consortium to launch a mandatory public offer for the remaining outstanding shares in the Company.

On 11 December 2018, the Consortium announced a mandatory public offer to the shareholders of the Company to acquire the remaining outstanding shares in the Company for a consideration of SEK 40 in cash per share (the "Initial Offer"). In the Consortium's press release announcing the Initial Offer, the Consortium further stated that the Consortium also has entered into an agreement with HNA Sweden Hospitality Management AB, an indirectly wholly-owned subsidiary of the former majority owner HNA Tourism Group Co. Ltd. ("HNA"), to acquire up to an additional approximately 18.16 percent of the shares and votes in the Company.

On 2 January 2019, the Independent Committee recommended the Company's shareholders not to accept the Initial Offer, at the same time pointing the shareholders towards certain factors that should be considered when assessing the merits of the Initial Offer.

On 4 January 2019, the Consortium announced an increase of the consideration in its mandatory public offer by SEK 2.50 to a total of SEK 42.50 in cash per share (the "Increased Offer") and the publication of the offer document (the "Offer Document"). If the Company pays any dividend or makes any other value transfer to the shareholders, for which the record date occurs prior to the settlement of the consideration in the Increased Offer, the consideration will be reduced accordingly. The acceptance period of the Increased Offer commenced on 7 January and will expire on 4 February 2019. There are no conditions for the completion of the Increased Offer.