The board of Elegant Hotels Group Plc is recommending a reduction in their final dividend to 1.75 pence for the year ended 30 September 2017 from 3.5 pence in the prior year. This equates to a full year dividend of 5.25 pence for the year ended 30 September 2017 versus 7.0 pence in the prior year. The final dividend is subject to the approval of the Company's shareholders and will be paid on 7 March 2018 to shareholders on the register on 26 January 2018. The Company's ordinary shares will become ex-dividend on 25 January 2018.

Going forward, the Group intends to pay a full year dividend of 4.0 pence for the financial year ending 30 September 2018, split into a one third interim payment and two thirds final dividend payment. As always, the payment of dividends will be subject to the discretion of the Board and to the Company having sufficient distributable reserves.