Grand Millennium Hotel Beijing

For Immediate Release 26 November 2010

Grand Millennium Hotel Beijing

Millennium & Copthorne Hotels plc announces that it has acquired an additional 40% equity interest in Beijing Fortune Hotel Co., Ltd. ("Beijing Fortune") which owns and operates the Grand Millennium Hotel Beijing.

As a result of this acquisition, the Group's equity interest in Beijing Fortune has increased from 30% to 70%. Consideration for the additional equity is RMB 189,257,143 or approximately £18 million.

Enquiries:

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

Investor Relations

Beng-Lan Low, SVP Finance

Adrian Bushnell, Company Secretary

Press

Peter Krijgsman, Financial Communications