Shareholders approve proposal to take Four Seasons private

    TORONTO, April 5 /PRNewswire-FirstCall/ - Four Seasons Hotels Inc. (TSX
 Symbol "FSH"; NYSE Symbol "FS") announced today that shareholders approved
 the proposal to take Four Seasons private at a price of US$82.00 cash per
 Limited Voting Share by affiliates of Cascade Investment, L.L.C. (an entity
 owned by William H. Gates III), Kingdom Hotels International (a company
 owned by a trust created for the benefit of His Royal Highness Prince
 Alwaleed Bin Talal Bin Abdulaziz Alsaud and his family), and Isadore Sharp.
     At a special meeting of shareholders today, 28,886,566 votes were cast
 in respect of the Company's 33,681,238 outstanding Limited Voting Shares.
 The transaction was approved by 68.98% of the votes cast by holders of
 Limited Voting Shares, voting separately as a class, and by 51.85% of the
 votes cast by holders of Limited Voting Shares, other than Limited Voting
 Shares held by Triples Holdings Limited (a company controlled by Mr.
 Sharp), Kingdom, Cascade, their respective directors and senior officers
 and any other "related parties," "interested parties" and "joint actors".
     Isadore Sharp, Chairman and Chief Executive Officer of Four Seasons,
 said: "An overwhelming number of our shares have been voted in this
 process, and we are pleased that the required majorities were achieved."
     It is anticipated that the transaction will be completed in the second
 quarter of 2007. The final Court hearing in respect of the transaction is
 scheduled to be held on April 13, 2007.
     This news release contains "forward-looking statements" within the
 meaning of applicable securities laws relating to the proposal to take Four
 Seasons Hotels Inc. private, including statements regarding the terms and
 conditions of the proposed transaction. Readers are cautioned not to place
 undue reliance on forward-looking statements. Actual results and
 developments may differ materially from those contemplated by these
 statements depending on, among other things, the risks that the parties
 will not proceed with a transaction, that the ultimate terms of the
 transaction will differ from those that currently are contemplated, and
 that the transaction will not be successfully completed for any reason
 (including the failure to obtain the required approvals or clearances from
 regulatory authorities). The statements in this news release are made as of
 the date of this release and, except as required by applicable law, we
 undertake no obligation to publicly update or revise any forward-looking
 statement, whether as a result of new information, future events or
 otherwise. Additionally, we undertake no obligation to comment on analyses,
 expectations or statements made by third parties in respect of Four
 Seasons, its financial or operating results or its securities or any of the
 properties that we manage or in which we may have an interest.
 
 

SOURCE Four Seasons Hotels and Resorts