Update on refinancing/restructuring

The Group has now entered into a Standstill Agreement with its lenders for a period of two months. This will provide the Group increased stability consistent with our desire to agree a consensual solution with our lenders.

Negotiations continue with our lenders and the executive directors of Four Seasons are confident it will result in the business being refinanced or restructured in a way that will have no impact on the Group's underlying day to day trading operations.

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