Scandic Hotels Group AB: Exercise of over-Allotment Option in Relation to Scandic

Scandic Hotels Group (STO:SHOT)

Morgan Stanley & Co. International Plc, Skandinaviska Enskilda Banken AB, Deutsche Bank AG, London Branch and ABG Sundal Collier ASA (jointly the "Managers") have notified Scandic Hotels Group AB ("Scandic" or the "Company") and Sunstorm Holding AB (the "Selling Shareholder") that the over-allotment option has been exercised in respect of 256,483 shares and that the stabilisation period has ended.

In connection with the offering of Scandic's shares and the initial public offering on Nasdaq Stockholm (the "Offering"), the Selling Shareholder granted the Managers an option to purchase up to 6,417,908 additional shares during 30 days from the first day of trading of the Company's shares on Nasdaq Stockholm, 2 December 2015, (the "Stabilisation Period") to cover potential over-allotments or short positions in the Offering (the "Over-Allotment Option"). The Managers have exercised the option in respect of 256,483 shares.

During the Stabilisation Period, the Managers have engaged in transactions to stabilise the price of Scandic's shares. All stabilisation transactions were carried out between 2 December 2015 and 30 December 2015 in the price interval of SEK 59.50 to SEK 67.00. The Stabilisation Period has now ended and no further transactions to stabilise the share price will be carried out.

Following the exercise of the Over-Allotment Option the Selling Shareholder will hold 57,653,964 shares in Scandic, corresponding to an ownership of approximately 56.0 percent of the total number of shares in Scandic.

Stabilisation price per day