TORONTO, April 13 /PRNewswire-FirstCall/ -- Four Seasons Hotels Inc. (TSX Symbol "FSH"; NYSE Symbol "FS") announced today that it has mailed a notice to the holders of its 1.875% Convertible Senior Notes due 2024 containing information in connection with the proposed acquisition of the Company by FS Acquisition Corp., a newly formed company owned 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. The notice, among other things, advises holders of notes that the proposed acquisition and a subsequent amalgamation of the Company and FS Acquisition Corp. will, if completed, result in the notes being convertible under, and in accordance with, the indenture governing the notes. 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 be 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. DATASOURCE: Four Seasons Hotels and Resorts CONTACT: John Davison, Chief Financial Officer, (416) 441-6714; Barbara Henderson, Senior Vice President, Corporate Finance, (416) 441-4408

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