The Consolidated turnover of Hyatt Regency Hotels and Tourism (Hellas) SA Group for the first quarter of 2004 (1.1.2004 - 31.3.2004) increased by 59,6% amounting to 73,1 Million Euro compared to 45,8 Million Euro for the equivalent quarter of 2003. The net pretax profits of the Group for this period amount to 21,4 Million Euro and after subtracting minority rights of 3,4 Million Euro, the consolidated pretax profits amount to 18,1 Million Euro; an increase of 28,2% over the same period last year.

The EBITDA for the first quarter of 2004 amounts to 26,03 Million Euro increased by 36,3% in comparison with the respective quarter of 2003. The net pretax profits of Hyatt Regency Hotels and Tourism (Hellas) SA [HRHT], for the first quarter of 2004 increased by 15,6% and amount to 16,6 Million Euro compared to 14,4 Million Euro in 2003. All the profits are operational profits.

The turnover of the company increased by 3,2% and amounts to 47,3 Million Euro. The EBITDA for the first quarter of 2004 amounts to 19,9 Million Euro, showing an increase of 4,25 % in comparison with the respective quarter of 2003. The consolidated results of the Group include "Hellenic Casino Mont Parnes SA" (full consolidation), the turnover of which amounts to 27,7 Million Euro for the first quarter of 2004 (1.1.2004 - 31.3.2004), showing an increase of 44% in comparison with the first quarter of 2003.

It should be noted that the first phase of the refurbishment of the Mont Parnes complex has been completed. In the coming months and following approvals and licenses the full refurbishment of the complex will take place.Ιn the consolidated results of the first quarter of the Group, the company "Hellenic Hotels Lampsa SA" is also included. Lampsa's results were consolidated for the first time in 31.12.2003 (equity method). The company decided it was advisable, taking into consideration existing laws and regulations to set off a loss of 29,4 Million Euro, which was a result of such consolidation, in the 31.12.2003 analytical balance sheet of HRHT in the account "other reserves", against a revaluation surplus of 30,4 Milli on Euro following an evaluation of HRHT's land and buildings by an independent appraisal (Law 3239 / 2004, article 15). In this way, HRHT's participation in Lampsa is valued at the current Lampsa's share price and not at acquisition price, which was higher, with future positive implications for HRHT. Following a recent share capital increase of Lampsa, HRHT controls 20,1% of its share capital.

Lampsa's turnover for the first quarter of 2004 amounts to 5,1 Million Euro, EBITDA is 0,11 Million Euro and losses for this period of 1,5 Million Euro. As a result of the above, the Group's consolidated balance sheet includes a loss of 0,3 Million Euro. The Board of Directors of Lampsa expects the year 2004 to be the first profitable financial year for the company, following a long track record of losses. This is due to the successful renovation of the Grande Bretagne Hotel as well as the operational results of the Hotel and the recent successful share capital increase, which was covered in full, reducing Lampsa's banking debt at 60%. Finally, in view of the Company's positive results and prospects, the Board of Directors of HRHT has decided to propose to the ordinary shareholder's meeting a dividend of 0,42 Euro per share for the year 2003, an increase of 40% over the dividend amount of last year, which represents a yield of 4,6%. It should be noted that shareholders have already received an interim dividend of 0,20 Euro.