NEW YORK, April 26 /PRNewswire-FirstCall/ -- FS Acquisition Corp., a British Columbia corporation ("Bidco"), announced today that, pursuant to its cash tender offer (the "Offer") for any and all of the outstanding 1.875% Convertible Senior Notes due 2024 (CUSIP No. 35100E AE 4) (the "Convertible Notes") issued by Four Seasons Hotels Inc. ("FSHI") (TSX: FSH and NYSE: FS), as described in Bidco's Offer to Purchase and the related Letter of Transmittal, dated March 22, 2007, it has purchased $249,502,000 aggregate principal amount of the Convertible Notes, representing approximately 99.8% of the $250,000,000 aggregate principal amount of the Convertible Notes issued and outstanding as of the commencement of the Offer. The Offer expired at 5:00 pm, New York City time, on Wednesday, April 25, 2007. Bidco paid $309,981,284.80 in cash to purchase the Convertible Notes in the Offer. After giving effect to the purchase of Convertible Notes in the Offer, Bidco has been informed by the Trustee of the Convertible Notes that $498,000 in aggregate principal amount of the Convertible Notes remains outstanding. DATASOURCE: FS Acquisition Corp. CONTACT: Global Bondholder Services Corporation, +1-866-470-3800

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