Funds purchase more shares in Action Hotels PLC

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ


1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Action Hotels PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify): Privately negotiated financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Blakeney LLP
4. Full name of shareholder(s) (if different from 3.):^iv	Blakeney LLP as investment advisor manager of the funds listed in Section 9.
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	3^rd March 2016
6. Date on which issuer notified:	9th March 2016
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	15%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Direct^xi

Indirect ^xii

Direct

Indirect

JE00BFZD1492

17,661,159

17,861,159

12.09%

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