Four Seasons Hotels Inc. Reports Second Quarter 2001 Results

Four Seasons Hotels Inc. (TSE Symbol “FSH”; NYSE Symbol “FS”) today
reported its results for the second quarter ended June 30, 2001. Net earnings increased 4.2% to $28.2
million ($0.80 basic earnings per share and $0.72 diluted earnings per share) for the three months ended
June 30, 2001, as compared to $27.1 million ($0.78 basic earnings per share and $0.70 diluted earnings
per share) for the second quarter of 2000.
For the six months ended June 30, 2001, net earnings increased 8.9% to $45.2 million ($1.29 basic
earnings per share and $1.17 diluted earnings per share), as compared to $41.5 million ($1.20 basic
earnings per share and $1.08 diluted earnings per share) for the comparable period in 2000.
“We are very pleased with our quarterly results, particularly in light of the difficult comparisons to last year,
which was the most successful year in the history of the lodging industry. Recent hotel openings have
contributed to our management fee revenue growth, and we have been able to add new Four Seasons
hotels and resorts without adding significantly to our cost base”, said Isadore Sharp, Chairman and Chief
Executive Officer. “We are in the midst of the largest expansion in the Company’s history, which should
allow us to continue our growth in the years to come.”
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