Peninsula Hotels in Bangkok, Manila, Hong Kong, Beverly Hills, Chicago and Beijing Recognized in January 2004 Issue as the Top Properties in Asia and the United States

Six of The Peninsula Hotels' luxury properties - The Peninsula Bangkok, The Peninsula Manila, The Peninsula Hong Kong, The Peninsula Beverly Hills, The Peninsula Chicago and The Peninsula Palace Beijing - have been awarded top honours from the readers of Condé Nast Traveler in its 2004 Gold List appearing in the January 2004 issue.

In the Asia/Australia/Pacific Nations categories, with scores of 100 points each. The Peninsula Bangkok and The Peninsula Manila were chosen as "The Best by Service" while The Peninsula Bangkok also received a 100 point score in both "The Best by Rooms" and "The Best by Design" categories.

The Peninsula Hong Kong, The Peninsula Hotels' flagship property and known worldwide for its timeless elegance, was voted number one in "The Best by Food".

With an overall score of 91.5, The Peninsula Manila is the only hotel rated in the Philippines; while The Peninsula Hong Kong (95.4), The Peninsula Bangkok (96.6), The Peninsula Beverly Hills (94.6) and The Peninsula Chicago (94.9) are the highest rated hotels in their respective destinations.

Following a US$27 million renovation programme, The Palace Hotel Beijing was officially renamed The Peninsula Palace Beijing in September 2003. A significant jump in its overall score from 74.6 to 85.0 has made The Peninsula Palace Beijing the third highest rated hotel in China.

"The opinions of our guests matter a great deal to us," said Clement Kwok, Chief Executive Officer of The Hongkong and Shanghai Hotels, Limited, owner of The Peninsula Hotels. "Their continued support is especially valued, not only for their loyal patronage, but also for the honours their votes earn for our properties in influential readership polls such as Conde Nast Traveler."

"These awards are an encouragement to all our staff to whom credit should rightly be attributed for their efforts in maintaining the highest standards of service."

The results of the 10th annual Gold List were published in the January 2004 issue of Condé Nast Traveler magazine. More than 32,000 Conde Nast Traveler subscribers voted in this year's Readers' Choice Poll.

With luxury hotels in some of the most exciting gateway cities throughout Asia and the United States -- Hong Kong, New York, Chicago, Beverly Hills, Bangkok, Beijing and Manila -- each Peninsula hotel provides guests with the utmost luxury and comfort, superlative, personalized service, and an elegance and attention to detail that redefines pampering. Appealing to the business traveler is of particular importance, with the most innovative in-room conveniences designed to make their life easier. The Peninsula Hotels is the only hotel group in the world operating its own technology research and development laboratory, constantly pioneering and leading in the development of intuitive and user-friendly technology and design to enhance the business traveler's hotel experience.

Now totaling over 3,200 guestrooms worldwide, the foundations of today's Peninsula Hotels were laid 75 years ago with the 1928 opening of the legendary Peninsula Hong Kong, built by the Kadoorie family with the vision of its being "the finest hotel east of Suez." From the moment the first guest arrived, the hotel became synonymous with Hong Kong -- welcoming the rich, the famous, the titled and the tycoon with an embrace of unsurpassed luxury and warmth. That vision has continued as the Company has taken its philosophy international.