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Four Seasons Hotels Inc.: Dividend

Press Release: Four Seasons Hotels and Resorts
May 14, 2004
TORONTO, ON -- Four Seasons Hotels Inc. (TSX Symbol "FSH"; NYSE Symbol "FS") announced May 12 that the Board of Directors has declared a dividend of 5.5 cents per Limited Voting Share for the period ending June 30, 2004, payable on July 15, 2004 to holders of Limited Voting Shares of record on June 30, 2004. The Board of Directors also declared a dividend of 2.75 cents per Variable Multiple Voting Share for the period ending June 30, 2004, payable on July 15, 2004 to holders of Variable Multiple Voting Shares of record on June 30, 2004.

All dollar amounts referred to in this press release are in Canadian dollars.

With a history spanning four decades and a portfolio that extends worldwide, Four Seasons Hotels and Resorts is the world's leading operator of luxury hotels, currently managing 62 properties in 29 countries. Four Seasons Resort Provence at Terre Blanche opened March 25, 2004, the company's first resort in Europe. Four Seasons continues to grow, with more than 20 projects under construction or development in choice locations around the world. Four Seasons consistently ranks high in global awards and accolades. In addition to having the most Mobil Five Star awards in the industry, Four Seasons was included in Fortune magazine's "100 Best Companies To Work For" for the seventh year in a row. The company is also consistently highly ranked in readers' surveys in publications such as Conde Nast Traveler, Travel + Leisure, Institutional Investor, Andrew Harper's Hideaway Report, Gallivanter's Guide and the Zagat Survey. Information on the company and its 43 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