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Four Seasons appoints two members to Board of Directors

Heather Munroe-Blum and Brent Belzberg: New Additions

Press Release: Four Seasons Hotels and Resorts
December 17, 2002
TORONTO -- Isadore Sharp, Chairman and Chief Executive Officer of Four Seasons Hotels and Resorts (TSX Symbol "FSH"; NYSE Symbol "FS") yesterday announced the following appointments to the Board of Directors of the Corporation, effective immediately:

Heather Munroe-Blum, Ph.D. has held the position of Vice-President, Research & International Relations at the University of Toronto from 1994 to 2002. In January 2003, she will become the 16th Principal and Vice Chancellor and a professor in the Faculty of Medicine of McGill University. An accomplished epidemiologist and academic leader, Dr. Munroe-Blum is often consulted by governments and organizations around the world in the development of public policy in support of science, research and higher education. She is an active member of numerous boards and public organizations.

Brent Belzberg has more than 20 years of executive management experience in finance, acquisitions, corporate restructuring and operations. In February 2002, he founded Torquest Partners following the success of Harrowston Inc., which he founded in 1993. Prior to that, he served as President of First City Financial Corporation. An active community leader, Mr. Belzberg served as co- chair of the Toronto United Jewish Appeal in 1999. He is also a director of Mount Sinai Hospital, Baycrest Hospital Foundation and serves as an advisor to several faculties at the University of Toronto.

"Heather Munroe-Blum and Brent Belzberg bring a wealth of experience and knowledge to the Board," said Sharp. "I'm pleased to welcome them both to Four Seasons."

With a history spanning four decades and a portfolio that now extends around the world, Four Seasons Hotels and Resorts is the world's leading operator of luxury hotels, currently managing 56 properties in 25 countries. In 2002, the company opened its second property in Tokyo, in the heart of Marunouchi district, as well as properties in Shanghai and Sharm el Sheikh, Egypt. Four Seasons Hotels and Resorts continues to expand, with more than 20 projects in development stages in choice locations around the world. Four Seasons has claimed first position on many prestigious lists. Recent honours include top ranking in the J.D. Powers Guest Satisfaction Survey and AAA Five Diamond awards (receiving more than other any hotel company for the 21st consecutive year). Information on the company and its 41 years of achievement in the hospitality industry can be accessed through the Four Seasons Web site at www.fourseasons.com

Source: Four Seasons Hotels and Resorts