| 
 Mandarin Oriental Hotel Group has made the 
			  following senior management changes: Andrew Hirst, 
			  Operations Director – Asia is to retire on 31 July 2013. During his 
			  25 years with the group, Mr Hirst has held Manager or General 
			  Manager positions in Manila, Macau, Singapore and Hong Kong. In 
			  2006 he was promoted to his current position of Operations 
			  Director – Asia and has been instrumental in driving the 
			  successful performance of the group’s Asian portfolio during a 
			  time of significant growth and economic turbulence. Richard 
			  Baker will assume the role of Executive Vice President, Operations 
			  Director – Asia and will move to Hong Kong in July 2013. Mr Baker 
			  joined the group in 2006 and took up his current role of Executive 
			  Vice President, Operations Director – The Americas in 2008 where 
			  he oversaw the successful launches of Mandarin Oriental hotels in 
			  Boston, Las Vegas and Atlanta.  Jan Goessing, 
			  currently Area Vice President & General Manager of Mandarin 
			  Oriental, New York, will replace Mr Baker as Executive Vice 
			  President, Operations Director – The Americas and will be based in 
			  the group’s New York office. Mr Goessing joined the group in 1994 
			  as Hotel Manager of Mandarin Oriental, Hong Kong and has 
			  subsequently been General Manager of four properties, including 
			  Washington, Bangkok and New York. Susanne Hatje 
			  will replace Mr Goessing as General Manager of Mandarin Oriental, 
			  New York. Ms Hatje joined MOHG in 2000 and has held General 
			  Manager roles in a number of locations, successfully launching 
			  Mandarin Oriental, Boston as well as The Landmark Mandarin 
			  Oriental, Hong Kong. Since April 2012, Ms Hatje has held the 
			  position of Group Director of Residences, where she has been 
			  responsible for the global operations of all Residences at 
			  Mandarin Oriental in operation and under development. In other developments within the group’s senior management,
			  Christoph Mares will add the Indian sub-continent to his regional 
			  responsibilities, becoming Executive Vice President, Operations 
			  Director – EMEA and India. Meanwhile, the group 
			  also announced the appointment of Bart Stone as Group Director of 
			  Residences replacing Susanne Hatje who moves to Mandarin Oriental, 
			  New York as General Manager. Mr Stone is currently the Group’s 
			  Vice President & Legal Counsel, The Americas. He is based in New York. Wendy Hansen, currently Legal Counsel, The Americas 
			  has been promoted to the position of Vice President & Legal Counsel for 
			  The Americas, and will remain in 
			  Atlanta. Prior to joining the group in 2008, Ms Hansen was an 
			  Associate in the real estate department of the law firm of 
			  Kirkland & Ellis in San Francisco.Mandarin Oriental,
			  
			  GM,
			  
			  General Manager,
			  
			  Vice President, 			  
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