Press Release

The consolidated turnover of the Hyatt Regency Hotels and Tourism (Hellas) SA Group for the nine months of 2005 (1.1.2005 - 30.9.2005), according to the International Financial Reporting Standards, increased by 2,6% amounting to 226,1 Million Euro, against 220,3 Million Euro for the nine months of 2004. The consolidated EBITDA amounts to 77,1 Million Euro. The net consolidated pretax profits of the Group before subtracting minority rights, are 84,6 Million Euro, an increase of 22% against the nine months of 2004. The increase is due to the application of IFRS standards and more specifically to a profit of 17 Million Euro, as a result of the sale of 20,1% of the shares of Hellenic Hotels Lampsa SA on January 31st, 2005 previously owned by the Company. The net profits attributed to the Company?s shareholders, after taxes of 21,2 Million Euro and minority rights of 11,9 Million Euro, amount to 51,5 Million Euro, showing an increase of 49,4% compared to the net after tax and after minority rights of the nine months of 2004. Excluding the one-off profit from the sale of Lampsa shares, the net after tax profits shows a small increase over the profits of the nine months of 2004.

The turnover of Hyatt Regency Hotels and Tourism (Hellas) SA for the nine months of 2005 decreased by 4%, amounting to 127,1 Million Euro, compared to 132,4 Million Euro in 2004. The EBITDA for the nine months stood at 47,8 Million Euro, showing a decrease of 11,4% in comparison to 2004. Net pretax profits of the Company for the nine months of 2005 amount to 40,7 Million Euro compared to 44,4 Million Euro in 2004, whilst the profits after taxes amount to 28,3 Million Euro compared to 28,4 Million Euro in 2004 (a decrease of 0,5%). The decrease is due to a coincidental reduction of the house hold percentage for the table games at the Regency Casino Thessaloniki; however, the said decrease already shows an upward trend. Another positive trend is the visitation to Regency Casino Thessaloniki for the period 01.1.2005 ? 30.9.2005, which showed an increase of 7,4% over the same period of 2004. Cash and cash equivalents of the Company and the Group on September 30th, 2005, amount to 65,6 Million Euro and 105,3 Million Euro respectively, compared to 23,1 Million Euro and 79,3 Million Euro on September 30th, 2004.

The consolidated results of the Group include "Hellenic Casino of Mont Parnes SA" (full consolidation), with a turnover of 106,5 Million Euro for the nine months of 2005, compared to 94,9 Million Euro for the nine months of 2004 (an increase of 12,1%). In the nine months of 2005, revenue from table games reached 53 Million Euro (an increase of 18,8% over the nine months of 2004), whilst revenue from slot machines amounted to 52,2 Million Euro (an increase of 6,6%). Visitation to Regency Casino Mont Parnes for the nine months of 2005 reached 564.600 visits, showing an increase of 13,4% over the same period last year.

It should be noted that visitation of Regency Casino Mont Parnes has increased despite the fact that there has been significant construction works taking place at the lower car park / teleferique station, thus impeding easy access to the Casino. The management of the Company believes that upon completion of construction works within the next three (3) months, visitation to the Casino will show a dramatic increase.

Finally, due to the positive financial results of the Company, as well as its growth perspectives, the Company?s Shareholders by the end of 2005 will have received a total dividend of 0,76 euro / share, analysed as follows:
0,26 euro / share, as a remaining balance of the financial year 2004 dividend (paid in August 2005),
0,28 euro / share, as extra dividend (payable on December 7th, 2005),
0,22 euro / share, as interim dividend for the financial year 2005 (payable on December 20th, 2005),
i.e., a total annual dividend of 63,8 Million Euro (dividend yield 7,4%, according to the share price on November 23rd, 2005).

Τhe company "Hellenic Hotels Lampsa SA" is not included in the consolidated results, due to the sale of the shares held by the Company on January 31st, 2005, for a total price of 30.403.196,39 Euro.

The aforementioned results will be published in the press on Saturday November 26th, 2005.


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