Shareholders approve proposal to take Four Seasons private

    TORONTO, April 5 /CNW/ - 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.

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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