OneSpaWorld Files Investor Presentation

OneSpaWorld Holdings Limited (NASDAQ: OSW), the pre-eminent global provider of health and wellness products and services on board cruise ships and in destination resorts around the world, today filed an investor presentation regarding the previously announced $75 million equity financing to be voted on at the Company’s Annual Meeting of Shareholders on June 10.

The presentation highlights why securing the equity financing is in the best interest of OSW and its shareholders, including that the financing is required for OSW to fund its operations while its business is impaired due to the COVID-19 pandemic and to remain in compliance with its debt covenant as of June 30, 2020. Additionally, the presentation details the OSW Board’s thorough process to secure the best available financing option. Without OSW shareholder approval of this critical financing, there is substantial doubt about OSW’s ability to continue as a going concern.

The presentation was filed with the SEC and is available in the Investor Relations section of OneSpaWorld’s website at https://onespaworld.com/investor-relations/.

THE BOARD OF DIRECTORS URGES ALL SHAREHOLDERS TO VOTE “FOR”
THE PRIVATE PLACEMENT PROPOSALS TO PROTECT THEIR INVESTMENT

YOUR VOTE IS CRITICAL. We urge you to vote “FOR” the private placement proposals (Proposals 3 and 4) at our upcoming Annual Meeting on June 10, 2020. You will be able to vote by mail or online.

M O R R O W S O D A L I   509 Madison Avenue Suite 1206 New York, NY 10022   Stockholders Call Toll Free: [phone] E-mail: [e-mail]

About OneSpaWorld

Headquartered in Nassau, Bahamas, OneSpaWorld is one of the largest health and wellness services companies in the world. OneSpaWorld’s distinguished spas offer guests a comprehensive suite of premium health, wellness, fitness and beauty services, treatments, and products currently onboard 175 cruise ships and at 68 destination resorts around the world. OneSpaWorld holds the leading market position within the fast-growing international leisure market and has been built upon its exceptional service standards, expansive global recruitment, training and logistics platforms, and history of service and product innovation that has enhanced its guests’ personal care experiences while vacationing for more than 50 years.