RNS Number:2977T
Mandarin Oriental International Ld
16 December 2003

To: Business Editor
                           For immediate release



mandarin oriental ARRANGES FOUR YEAR EXTENSION TO ONE OF THE TRANCHES OF ITS
HK$3 billion (US$385 MILLION) syndicated loan facility



16th December 2003 - Mandarin Oriental International Limited today announced
that agreement had been entered into with the Group's syndicate of 19
international banks to extend one of the tranches of its HK$3 billion (US$385
million) dual tranche credit facility.



The tranche that has been extended was originally arranged in August 2001 as a
five year revolving credit facility amounting to some HK$1.7 billion (US$218
million) and this has now been extended to December 2010.  The second tranche
will continue as a seven year term loan facility amounting to some HK$1.3
billion (US$167 million) expiring in August 2008.



Commenting on the new arrangements, Chief Financial Officer, John Witt, said, "
The extension to the syndicated facility increases the average term of our bank
debt and continues to be competitively priced.  The extension supports our
development plans for the Group, positioning Mandarin Oriental as one of the
world's leading luxury hotel brands."



The facility is available to the Group's wholly-owned subsidiaries Mandarin
Oriental, Hong Kong Limited and Excelsior (BVI) Limited, and is secured on the
Group's two Hong Kong properties.



The agent of the facility is Standard Chartered Bank.  Other banks participating
in the facility include: BNP Paribas (Hong Kong Branch); The Bank of
Tokyo-Mitsubishi Ltd.; Wing Lung Bank Limited; Sumitomo Mitsui Banking
Corporation; The Bank of East Asia, Limited; Industrial and Commercial Bank of
China (Asia) Limited; Nanyang Commercial Bank, Limited; Shanghai Commercial Bank
Ltd; Bank of China (Hong Kong) Limited; UFJ Bank Limited; Oversea-Chinese
Banking Corporation Limited; Hang Seng Bank Limited; Bank of China (Macau
Branch); Bank of Communications (Hong Kong Branch); Dah Sing Bank, Limited;
Mizuho Corporate Bank, Limited; Tai Fung Bank Limited and Agricultural Bank of
China.



Mandarin Oriental is the award-winning owner and operator of some of the world's
most prestigious hotels and resorts.  In total, the Group operates 19 luxury
hotels in key business and leisure destinations, with four additional hotels
under development in Washington D.C. (opening spring 2004), Hong Kong (opening
2005) as well as Tokyo and Boston (opening 2006).  Mandarin Oriental now
operates some 7,000 rooms in eleven countries with nine hotels in Asia, seven in
The Americas and three in Europe.  Mandarin Oriental International Limited is a
publicly listed company and is a member of the Jardine Matheson Group.



                                    - end -



For further information, please contact:



Mandarin Oriental Hotel Group International Limited
John Witt / Stuart Dickie                               (852) 2895 9288
Jill Kluge / Chantal Hooper         (44) 207 529 9688 / (852) 2895 9160
                             e-mail: jillk@mohg.com / chantalh@mohg.com

Golin/Harris Forrest
Debbie Chu                                              (852) 2501 7916



This and other Group announcements can be accessed through the Internet at '
www.mandarinoriental.com'.




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            The company news service from the London Stock Exchange
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