Company Profile For Millennium & Copthorne Hotels PLC

Millennium & Copthorne Hotels PLC is engaged in the provision of hotel rooms to guests in five regions: The United States, Europe, Middle East, Asia and Australasia. The Company owns, operates, manages and franchises hotels with operations in London, New York and Singapore. It operates under four brands: Grand Millennium, Millennium, Copthorne and Kingsgate. The Kingsgate brand is mainly used in New Zealand. As of December 31, 2008, Millennium & Copthorne Hotels had 103 hotels with 28,800 rooms in 18 countries. Maritim Hotels, its worldwide of hospitality marketing alliance partner has 49 hotels with 14,520 rooms in seven countries. The Company operates in two segments. The Hotel operations segment comprised income from the ownership and management of hotels. The Property operations segment comprised the development and sale of land and development properties and investment property rental income.

BRIEF: For the six months ended 30 June 2009, Millennium & Copthorne Hotels plc's revenues decreased 7% to £315.6M. Net income decreased 41% to £22.9M. Revenues reflect a decrease in income from Hotel & Property Segments and higher income from New York, London & Australasia regions. Net income also reflects an increase in cost of sales, increased administrative expenses, lower operating profit margin and lower finance income.