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Shareholding in the Company

7 July 2023

Hydro Hotel, Eastbourne, Plc

(“Hydro Hotel” or the “Company”)

Shareholding in the Company

Hydro Hotel has received a TR-1 form which is reproduced without amendment
below.

Enquiries:

 Hydro Hotel, Eastbourne, Plc Sally Gausden Company Secretary   Telephone: +44 1323 431 200 
 Peterhouse Capital Limited AQSE Corporate Adviser Mark Anwyl   Telephone: +44 20 7469 0930 

TR-1: Standard form for notification of major holdings

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i)                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                      
 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):                                                                                                                 HYDRO HOTEL, EASTBOURNE, PLC                                                        
 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                      
 2. Reason for the notification (please mark the appropriate box or boxes with an “X”)                                                                                                                                                                                                                                
 An acquisition or disposal of voting rights                                                                                                                                                                                                                                                        X                 
 An acquisition or disposal of financial instruments                                                                                                                                                                                                                                                                  
 An event changing the breakdown of voting rights                                                                                                                                                                                                                                                                     
 Other (please specify) (iii):                                                                                                                                                                                                                                                                                        
 3. Details of person subject to the notification obligation (iv)                                                                                                                                                                                                                                                     
 Name                                                                                                                                                                      P S ALLEN                                                                                                                                  
 City and country of registered office (if applicable)                                                                                                                                                                                                                                                                
 4. Full name of shareholder(s) (if different from 3.) (v)                                                                                                                                                                                                                                                            
 Name                                                                                                                                                                      Redmayne Bentley Nominees                                                                                                                  
 City and country of registered office (if applicable)                                                                                                                     Leeds, UK                                                                                                                                  
 5. Date on which the threshold was crossed or reached (vi):                                                                                                               22.06.2023                                                                                                                                 
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                            05.07.2023                                                                                                                                 
 7. Total positions of person(s) subject to the notification obligation                                                                                                                                                                                                                                               
                                                                            % of voting rights attached to shares (total of 8. A)    % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)    Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer (8.A + 8.B) (vii)      
 Resulting situation on the date on which threshold was crossed or reached  3.08%                                                                                                                                                                 18,501                                                              
 Position of previous notification (if applicable)                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                      

   

 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii)                                                                                                             
 A: Voting rights attached to shares                                                                                                                                                                                         
 Class/type of                                   Number of voting rights (ix)                                                           % of voting rights                                                                   
 shares ISIN code (if possible)                                                                                                                                                                                              
                                                      Direct (DTR5.1)                           Indirect (DTR5.2.1)                                             Direct (DTR5.1)                         Indirect (DTR5.2.1)  
 Ordinary                                        18,501                                                                                 3.08%                                                                                
                                                                                                                                                                                                                             
                                                                                                                                                                                                                             
 SUBTOTAL 8. A                                                                           18,501                                                                                3.08%                                         
                                                                                                                                                                                                                             
 B 1: Financial Instruments according to DTR5.3.1R (1) (a)                                                                                                                                                                   
 Type of financial instrument                    Expiration   Exercise/                                 Number of voting rights that may be acquired if the instrument is  exercised/converted.         % of voting rights   
                                                 date (x)     Conversion Period (xi)                                                                                                                                         
                                                                                                                                                                                                                             
                                                                                                                                                                                                                             
                                                                                                                                                                                                                             
                                                              SUBTOTAL 8. B 1                                                                                                                                                
                                                                                                                                                                                                                             
 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)                                                                                                                                      
 Type of financial instrument  Expiration                     Exercise/                   Physical or cash  Settlement (xii)                                            Number of voting rights         % of voting rights   
                               date (x)                       Conversion Period (xi)                                                                                                                                         
                                                                                                                                                                                                                             
                                                                                                                                                                                                                             
                                                                                                                                                                                                                             
                                                                                          SUBTOTAL 8.B.2                                                                                                                     
                                                                                                                                                                                                                             
                                                                                                                                                                                                                             

   

 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)                                                                                                                                                                                                                             
 Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii)                                                                                                     X                   
 Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) (xiv)                                                                                                        
                           Name (xv)                            % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher than the notifiable threshold                 Total of both if it equals or is higher than the notifiable threshold                
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
 10. In case of proxy voting, please identify:                                                                                                                                                                                                                                                                                                            
 Name of the proxy holder                                                                                                                                                                                                                                                                                                                                 
 The number and % of voting rights held                                                                                                                                                                                                                                                                                                                   
 The date until which the voting rights will be held                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                          
 11. Additional information (xvi)                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          

   

 Place of completion  UK        
 Date of completion   25.06.23  

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law
(as defined in the European Union (Withdrawal) Act 2018).



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