For Immediate Release

Mandarin Oriental To Open New Hotel In Boston, USA

Hong Kong, 04/07/2003 - The award-winning luxury hotel Group, Mandarin Oriental International Limited, today announced that it will manage a new hotel currently under development in Boston, USA. "We are tremendously pleased to form a partnership that truly embodies an extraordinary level of quality, a precise attention to detail and a total focus on the customer. We welcome Mandarin Oriental Hotel Group to the Prudential Center development, which promises to be Boston's most exclusive landmark, providing visitors and residents alike with an excellent experience," said Stephen R. Weiner, a principal of CWB Boylston.

Designed as an intimate, luxurious hotel, featuring 168 guestrooms and suites, the property will be a component of a premier mixed-use complex, The Prudential Center, which is being developed in the heart of Boston's most vibrant and exclusive neighborhood. Located on Boylston Street, the project has ideal access to the city's finest shopping, dining and cultural venues.

The project's overall developers are CWB Boylston, a Boston-based real estate company whose partners bring extensive retail, hotel and commercial development experience. In addition to the hotel component, the overall scheme will comprise ultra-luxurious residential units which will be branded and serviced by Mandarin Oriental, as well as distinctive retail operations.

Opening in June 2008 the hotel will be designed in a contemporary, elegant style, with exacting attention to detail, reflective of the Group's oriental heritage. The hotel will offer the most spacious and luxurious guest rooms in the city, designed with exceptional flair and featuring the finest in-room entertainment systems. An all-encompassing 15,000 square foot spa and wellness center will be a prominent feature and will reflect the Group's Asian spa expertise in design and service. Vibrant dining will be offered via dynamic, stylish restaurant and lounge concepts. The hotel will also feature 7000 square feet of extensive state-of-the-art meeting and banqueting facilities.

In connection with the total project funding, Mandarin Oriental will provide US$12 million of mezzanine financing towards construction of the project in 2005.

"We are delighted at the prospect of opening a new hotel in the important, historic city of Boston and look forward to bringing Mandarin Oriental's renowned levels of hospitality to this exciting project. The pre-eminence of the site, the vibrancy of the surrounding neighborhood and the experience of our partners, bode well for success. This new development also represents another significant step for Mandarin Oriental in leveraging our brand further in major business centres worldwide', said Mandarin Oriental Hotel Group Chief Executive, Edouard Ettedgui.

"We are tremendously pleased to have found a partner that truly embodies an extraordinary level of quality, a precise attention to detail and a total focus on the customer. We welcome Mandarin Oriental Hotel Group to the Prudential Center development, which promises to be Boston's most exclusive landmark, providing visitors and residents alike with an excellent experience," said Stephen R. Weiner, a principal of CWB Boylston.

Mandarin Oriental Hotel Group is the award-winning owner and operator of some of the world's most prestigious hotels and resorts, currently operating 21 luxury hotels with a further five under development in Hong Kong and Tokyo (2005), Riviera Maya, Mexico and Prague (2006) and Boston (2007). In total, Mandarin Oriental now operates, or has under development, some 8,000 rooms in 14 countries with 12 hotels in Asia, nine in The Americas and five in Europe.

CWB Boylston is a partnership comprising Julian Cohen, Stephen Weiner and Robin Brown, who bring together extensive retail, development and hotel expertise. Cohen has been a pioneer in the development and management of shopping centers throughout New England for more than 50 years. Weiner is the founder of S.R. Weiner and Associates, which owns and/or manages more than 16 million square feet of commercial space. For more than a decade Brown has worked in the luxury hotel industry in Boston and has earned a reputation for unparalleled attentiveness to detail and guest comfort.

For further information, please contact:

Jill Kluge
Group Communications Department - London
Tel: 44 (20) 7529 9600
Sally de Souza
Group Communications Department - Hong Kong
Tel: (852) 2895 9160
Danielle DeVoe
Group Communications Department - United States
Tel: (212) 399 3938
e-mail: jillk@mohg.com / sallydes@mohg.com / ddevoe@mohg.com
www.mandarinoriental.com

For more information, please visit the Mandarin Oriental website at www.mandarinoriental.com or the residences website at www.mandarinresidences.com.