Four Seasons plan of arrangement completed

    TORONTO, April 26 /CNW/ - Four Seasons Hotels Inc. (TSX Symbol "FSH";
NYSE Symbol "FS") announced today the completion of the previously announced
plan of arrangement pursuant to which Four Seasons will be taken private 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 by His
Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud for the benefit
of HRH Prince Alwaleed and his family) and Isadore Sharp. Holders of Limited
Voting Shares will receive US$82.00 cash per share.
    Four Seasons shareholders who hold their Limited Voting Shares through a
broker or other financial intermediary will receive payment of the purchase
price for their Limited Voting Shares through the broker or other financial
intermediary, following the deposit by the broker or financial intermediary of
share certificates with Computershare Investor Services Inc., the depositary
for the plan of arrangement. Shareholders who hold their Limited Voting Shares
in registered form will receive payment of the purchase price following the
deposit of their Four Seasons share certificates with the depositary in
accordance with the instructions contained in the Letter of Transmittal
previously sent to registered shareholders. Any questions regarding payment of
the purchase price, including any request for an additional copy of the Letter
of Transmittal, should be directed to the depositary via telephone at
1.800.564.6253 (toll free in North America) or 514.982.7555 or via email at
    With the completion of the plan of arrangement, Four Seasons Limited
Voting Shares will cease to be listed for trading on the New York Stock
Exchange and the Toronto Stock Exchange.

    This news release contains "forward-looking statements" within the
meaning of applicable securities laws relating to the transaction to take Four
Seasons Hotels Inc. private. 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. 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.

For further information:

For further information: For Four Seasons Hotels Inc.: John Davison,
Chief Financial Officer, (416) 441-6714; Barbara Henderson, Senior Vice
President, Corporate Finance, (416) 441-4408; For Kingdom Hotels
International: Contact: Charles Henry, Hotel Capital Advisers, Inc., (212)
599-5151, Email:

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