Pandox AB (publ) Interim Report January – September 2015

Regulatory News:

A strong third quarter

Third quarter July - September 2015

· Revenue from Property Management amounted to MSEK 458 (380), which includes one-time revenue of MSEK 60. Adjusted for one-time revenue, currency effects and comparable units, the increase was 10 percent.

· Net operating income from Property Management amounted to MSEK 403 (310). Adjusted for one-time revenue, currency effects and comparable units, the increase was 10 percent.

· Net operating income from Operator Activities amounted to MSEK 115 (88), an increase of 31 percent. Adjusted for currency effects and comparable units, the increase was 12 percent.

· EBITDA amounted to MSEK 495 (377). Adjusted for one-time revenue the increase was 15 percent.

· Profit for the period amounted to MSEK 425 (240) and includes one-time revenue of MSEK 60 and compensation for a past tax expense of MSEK 19.

· Cash earnings amounted to MSEK 407 (259), an increase of MSEK 148.

Interim period January – September 2015

· Revenue from Property Management amounted to MSEK 1,178 (1,119). Adjusted for one-time revenue, currency effects and comparable units, the increase was 7 percent.

· Net operating income from Property Management amounted to MSEK 974 (897). Adjusted for one-time revenue, currency effects and comparable units, the increase was 7 percent.

· Net operating income from Operator Activities amounted to MSEK 312 (239). Adjusted for currency effects and comparable units, the increase was 20 percent.

· EBITDA amounted to MSEK 1,223 (1,083), an increase of 13 percent.

· Profit for the period amounted to MSEK 1,450 (1,128), an increase of MSEK 322.

· Cash earnings amounted to MSEK 896 (679), an increase of MSEK 217.

· The net asset value (EPRA NAV) per share was SEK 104.45 (92.11).

Attachment: Interim report January – September 2015

Pandox AB (publ) is required to publish this information under the Swedish Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on 5 November 2015 at 07:00 CET.

About Pandox

Pandox is a leading owner of hotel properties in Northern Europe with a focus on sizeable hotels in key leisure and corporate destinations. Pandox’s hotel property portfolio comprises 104 hotels with approximately 22,000 hotel rooms across eight countries. Pandox’s business is organised into Property Management, which comprises hotel properties leased on a long-term basis to market leading regional hotel operators and leading international hotel operators, and Operator Activities, which comprises hotel operations executed by Pandox in its owner-occupied hotel properties. Pandox was founded in 1995 and the company’s B shares are, as of 18 June 2015, listed on Nasdaq Stockholm. www.pandox.se.

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