About OneSpaWorld
Headquartered in Nassau, Bahamas, OneSpaWorld is one of the largest health and wellness services companies in the world. OneSpaWorlds distinguished spas
offer guests a comprehensive suite of premium health, wellness, fitness and beauty services, treatments, and products currently onboard 175 cruise ships and at 68 destination resorts around the world. OneSpaWorld holds the leading market position
within the fast-growing international leisure market and has been built upon its exceptional service standards, expansive global recruitment, training and logistics platforms, and history of service and product innovation that has enhanced its
guests personal care experiences while vacationing for more than 50 years.
Forward-Looking Statements
This letter includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements may differ from OSWs actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as expect,
estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, believes,
predicts, potential, continue, or the negative or other variations thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without
limitation, expectations with respect to the impact of the private placement on OSWs liquidity, OSWs need to seek additional financing, OSWs compliance with its credit agreements, OSWs ability to obtain alternative sources of
financing, and other statements that are not historical facts. These statements are based on the current expectations of OSWs management and are not predictions of actual performance. These forward-looking statements involve significant risks
and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the impact of the COVID-19
pandemic on OSWs business and its results of operations and liquidity for the foreseeable future; the demand for OSWs services together with the possibility that OSW may be adversely affected by other economic, business, and/or
competitive factors or changes in the business environment in which OSW operates; changes in consumer preferences or the market for OSWs services; changes in applicable laws or regulations; the availability of, or competition for,
opportunities for expansion of OSWs business; difficulties of managing growth profitably; the loss of one or more members of OSWs management team; loss of a major customer and other risks and uncertainties included from time to time in
OSWs reports (including all amendments to those reports) filed with the SEC. OSW cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the
date made. OSW does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances
on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing OSWs assessments as of any date subsequent to the date of this communication.
Additional Information and Where to Find It
In
connection with the private placement, OSW has filed a definitive proxy statement with the Securities and Exchange Commission (the SEC). BEFORE MAKING ANY VOTING DECISION, OSWS SHAREHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY
STATEMENT IN ITS ENTIRETY AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PRIVATE PLACEMENT BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PRIVATE PLACEMENT AND THE PARTIES TO THE PRIVATE PLACEMENT. Shareholders may
obtain a free copy of documents filed by OSW with the SEC at the SECs website at http://www.sec.gov. In addition, shareholders may obtain a free copy of OSWs filings with the SEC from OSWs website at
https://onespaworld.com/investor-relations/ or by directing a written request to: OSW.info@investor.morrowsodali.com.