The ONE Group Announces STK Rebel to Open in Edinburgh

STK Rebel Edinburgh will be first UK location and the fifth STK Rebel announced to date

Restaurant is projected to open in 2017

NEW YORK-- The ONE Group Hospitality, Inc. (“The ONE Group”) (Nasdaq:STKS), a global hospitality company, today announced that the Company has signed an agreement to open STK Rebel Edinburgh in 2017.

The new location marks The ONE Group’s first STK Rebel location outside of North America, and the first standalone restaurant in the UK and Europe. STK Rebel Edinburgh will open in the South St. Andrew Square development, a joint venture between Standard Life Investments and Peveril Securities. The 165,000 square foot mixed-used development will also feature retail, office space and residential property, and is adjacent to high-end department store Harvey Nichols.

“We are delighted to be expanding our presence across Europe, and we feel strongly that Edinburgh is the perfect location for the UK’s first STK Rebel. This cosmopolitan city suits the nature of our brand with its energy, vibrancy, style and approachability,” said Jonathan Segal, CEO of The ONE Group. “We plan to continue to grow this concept and project opening 100 locations globally.”

STK Rebel maintains the unique features and energy of STK, with a menu and price point targeted at a broader market, and serves both lunch and dinner. Previously announced locations for STK Rebel include San Diego, Denver, Miami and Austin.

About The ONE Group

The ONE Group (Nasdaq:STKS) is a global hospitality company that develops and operates upscale, high-energy restaurants and lounges and provides hospitality management services for hotels, casinos and other high-end venues both nationally and internationally. The ONE Group’s primary restaurant brand is STK, a modern twist on the American steakhouse concept with locations in major metropolitan cities throughout the U.S. and Europe. STK Rebel, a more accessibly priced STK with a broader menu, is an extension of the STK brand. The ONE Group’s food and beverage hospitality services business, ONE Hospitality, provides the development, management and operations for premier restaurants and turn-key food and beverage services within high-end hotels and casinos. Additional information about The ONE Group can be found at www.togrp.com.

Cautionary Statement on Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements, including but not limited to, (1) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, our ability to open new restaurants and food and beverage locations in current and additional markets, grow and manage growth profitably, maintain relationships with suppliers and obtain adequate supply of products and retain our key employees; (2) factors beyond our control that affect the number and timing of new restaurant openings, including weather conditions and factors under the control of landlords, contractors and regulatory and/or licensing authorities; (3) changes in applicable laws or regulations; (4) the possibility that The ONE Group may be adversely affected by other economic, business, and/or competitive factors; and (5) other risks and uncertainties indicated from time to time in our filings with the SEC, including our Annual Report on Form 10-K/A filed on April 1, 2015.

Investors are referred to the most recent reports filed with the SEC by The ONE Group Hospitality, Inc. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151005005941/en/

Media:
Sloane & Company
Dan Zacchei or Kate Traynor, 212-486-9500
or
Investors:
ICR
Don Duffy or Michelle Epstein, 203-682-8200

Source: The ONE Group Hospitality, Inc.

Released October 5, 2015