In TO099 "Four Seasons Hotels Inc. Declares Semi-Annual Dividends" sent at 09:05e today, first paragraph, first and last sentences should have read "... payable on July 17, 2006 etc." rather than "... payable on July 15, 2006". Full corrected copy follows: TORONTO, May 18 /PRNewswire-FirstCall/ -- Four Seasons Hotels Inc. (TSX Symbol "FSH"; NYSE Symbol "FS") announced yesterday that the Board of Directors has declared a dividend of 5.5 cents per Limited Voting Share for the period ending June 30, 2006, payable on July 17, 2006 to holders of Limited Voting Shares of record on June 30, 2006. The Board of Directors also declared a dividend of 2.75 cents per Variable Multiple Voting Share for the period ending June 30, 2006, payable on July 17, 2006 to holders of Variable Multiple Voting Shares of record on June 30, 2006. All dollar amounts referred to in this news release are in Canadian dollars. Four Seasons is dedicated to perfecting the travel experience through continuous innovation and the highest standards of hospitality. From elegant surroundings of the finest quality, to caring, highly personalised 24-hour service, Four Seasons embodies a true home away from home for those who know and appreciate the best. The deeply instilled Four Seasons culture is personified in its employees - people who share a single focus and are inspired to offer great service. Founded in 1960, Four Seasons has followed a targeted course of expansion, opening hotels in major city centres and desirable resort destinations around the world. Currently with 70 hotels in 31 countries, and more than 25 properties under development, Four Seasons will continue to lead the hospitality industry with innovative enhancements, making business travel easier and leisure travel more rewarding. For more information on Four Seasons, visit http://www.fourseasons.com/. DATASOURCE: Four Seasons Hotels and Resorts CONTACT: Barbara Henderson, Vice President Corporate Finance, (416) 441-4329

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