TIDMBL03

RNS Number : 4329X

Belvedere Leisure Resorts PLC

05 January 2022

5 January 2022

Belvedere Leisure Resorts plc

("Belvedere" or the "Company")

Statement re Suspension of Trading in the Company's Bonds

Belvedere, the luxury holiday resort developer, notes that trading in the Company's bonds on the AQSE Growth Market have been suspended pending publication of the Company's accounts for the year ended 30 June 2021 (the "Accounts"). The Company would like to stress that this suspension in trading of the bonds does not affect the Company's physical trading nor the on-site progress at its Landal Barnsoul holiday park development, which is continuing as planned.

As announced on 31 December 2021, although the results for the year ended 30 June 2021 have been produced by the Company, the audit has not yet been concluded due to the impact of Covid-19 on the availability of the Company's professional advisers. The Company expects the audit to be completed in the coming weeks to enable the Accounts to be published by the end of January 2022. Upon publication of the Accounts the Company anticipates that the suspension of trading in the Company's bonds on the AQSE Growth Market will be lifted.

The directors of Belvedere Leisure Resorts plc accept responsibility for this announcement.

For further information, please contact:

Belvedere Leisure Resorts plc

Paul Brazewell, Executive Director

Tel: +44 (0) 203 773 1361

Email: invest@belvedereleisureresortsplc.com

Alfred Henry Corporate Finance Limited

AQSE Corporate Advisor

Jon Isaacs

www.alfredhenry.com

Tel: +44 (0) 203 772 0021

IFC Advisory Limited

Financial PR & IR

Tim Metcalfe

Tel: +44 (0) 203 934 6632

Email: belvedere@investor-focus.co.uk

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January 05, 2022 02:00 ET (07:00 GMT)