Capital Raising progressing with Round 1 fully subscribed

15 July 16

"Freedom Suites Ltd has recently closed Round 1 of its capital raising fully subscribed and has extended the offer for Round 2 shares until the 31st August 2016. The extension is due to ongoing talks with potential strategic investors which have not concluded."

Rebecca Randle, Managing Director, Freedom Suites Ltd, 15th July 2016