Disposal of Land in Kuala Lumpur

For Immediate Release 15 September 2010

Disposal of Land in Kuala Lumpur

Millennium & Copthorne Hotels plc ("M&C") announces that CDL Hotels (Malaysia) Sdn Bhd (the

"Company") (a wholly-owned subsidiary of M&C) has entered into an agreement (the "Agreement") with Urusharta Cemerlang (KL) Sdn Bhd ("Buyer") to sell a parcel of land of 29,127 square feet which is adjacent to the Grand Millennium Kuala Lumpur (the "Land").

The shareholder of the Buyer is actively engaged in property development in Kuala Lumpur.

The consideration for the Land under the Agreement is RM210 million (£42.6 million1). On the date of the Agreement, the Buyer has paid the Company a deposit of 10% of the consideration price. Under the Agreement, certain amounts of the balance consideration are due to be paid at specified dates while the remaining amount of the consideration will be paid on completion.

Among other things, completion under the Agreement is conditional upon:-

(a) the Company's application to the relevant authorities in Malaysia for the issuance of a separate title for the Land having been approved on such terms and conditions as are reasonably acceptable to the Company; and

(b) the separate title for the Land having been issued by the relevant land authorities in Malaysia on such terms and conditions as are reasonably acceptable to the Company.

In view of the above (unless otherwise agreed between the Company and the Buyer, or otherwise provided for in the Agreement), completion is expected to occur not later than the end of the second quarter of 2012.

M&C's carrying value of the Land is RM42.8million (£8.7 million1). Based on this value, the sale of Land is expected to result in a pre-tax profit of RM164.1 million (£33.3 million1), after taking into account transaction costs.

1, Based on an exchange rate of RM4.932 : £1 as at 31 August 2010

Enquiries:

Millennium & Copthorne Hotels plc Tel: +44 (0) 20 7872 2444

Investor Relations

Richard Hartman, Chief Executive Officer

Beng-Lan Low, SVP Finance

Adrian Bushnell, Company Secretary

Press

Peter Krijgsman, Financial Communications