Hellenic Casinos Company, the Majority Shareholder of Hyatt Regency Hotels & Tourism (Hellas) S.A., wishes to state the following:

Hellenic Casinos Company (HCC) confirms that it has agreed to sell its 51.57% stake in Hyatt Regency Hotels & Tourism (Hellas) S.A. (Hyatt Regency) to funds advised by BC Partners, a leading international private equity firm, at a price of Euros 11.00 per share. The transaction shall be completed upon the European Commission granting its approval for such transaction.

Hyatt Regency was founded in 1994 and started its Thessaloniki casino operations in 1996. In 1999, it opened its hotel in Thessaloniki and in the same year listed on the Athens Stock Exchange. In 2000, Hyatt Regency obtained Board majority control of Lampsa SA and successfully completed, within two years, the total refurbishment of the historic 'Grande Bretagne' Hotel in Athens. In 2003, Hyatt Regency was awarded an exclusive license for the Mont Parnes Casino in which it owns a 34.3% shareholding interest and a 100% management contract. Recently, in November 2005, Hyatt Regency commenced operations of a casino in Tirana in which it has a 15-year exclusive license, a 30.5% shareholding interest and a 100% management contract.

During these years of intensive development, HCC has introduced professional management, corporate governance principles, provided assistance and know-how to ensure that Hyatt Regency operates to the strictest international standards of transparency, security, reliability and quality.

The families owning HCC, namely Laskaridis, Pritzker and Theocharakis, are proud to have created over the past 12 years more than 2500 permanent, stable jobs - whose future is secured further to the current transaction - and of having radically upgraded the standards of the hospitality and leisure industries in Athens and Thessaloniki, securing at the same time very substantial revenues for the Greek State.

We are confident that Hyatt Regency is now set to enjoy a period of further development. The know-how from HCC has been effectively transferred and a management team we have full confidence in is in place.

HCC believes that BC Partners is a reputable group committed to continuing to operate Hyatt Regency with the current management team, to the standards of integrity, transparency, quality and service that Hyatt Regency's employees and customers have come to expect.

The Board of Directors of Hyatt Regency wishes to thank Hellenic Casinos Company for the support offered during the last twelve years and for the harmonious and flawless professional cooperation.

It is exactly such attitude and relationship that lead to the success of the Company.

The Board looks forward to a similar close cooperation and support from the incoming main shareholder, Messrs BC Partners, a respected and very substantial Private Equity Fund

Finally, the Board, the management team and the employees of the Company wish to assure all parties that they shall continue their best endeavors for future success.