Four Seasons receives court approval of plan of arrangement

    TORONTO, April 13 /CNW/ - Four Seasons Hotels Inc. (TSX Symbol "FSH";
NYSE Symbol "FS") announced today that the Ontario Superior Court of Justice
has issued a final order approving the 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 His Royal Highness Prince
Alwaleed and his family) and Isadore Sharp. Under the terms of the
transaction, which remains subject to the satisfaction or waiver of conditions
specified in the acquisition agreement (including Ministerial approval under
the Investment Canada Act), holders of Limited Voting Shares will receive
US$82.00 cash per share.
    The Company anticipates that the transaction will be completed early in
the second quarter of 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.

For further information:

For further information: John Davison, Chief Financial Officer, (416)
441-6714; Barbara Henderson, Senior Vice President, Corporate Finance, (416)

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