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Fairmont Hotels&Resorts announces small shareholder selling program

Fairmont<.> Hotels & Resorts Inc. announced a small shareholder selling program that enables registered and…

Fairmont<.> Hotels & Resorts Inc. announced a small shareholder selling program that enables registered and beneficial shareholders who own 99 or fewer common shares of FHR as of October 1, 2002, to sell their Shares without incurring any brokerage commission. The sale of Shares will be executed through the facilities of The Toronto Stock Exchange.



The voluntary Program begins today and will expire on December 9, 2002, unless extended, and is designed to assist eligible shareholders in selling their Shares in a convenient and inexpensive manner. Both registered holders and beneficial holders of Shares held in nominee form are eligible to participate.



The Program allows eligible shareholders the opportunity to either sell all, but not less than all, of their Shares or continue to maintain their current holdings. Participating shareholders will not incur any brokerage commissions if they elect to dispose of their Shares. Information about the Program and participation documents will be forwarded to eligible shareholders.



FHR is pleased to make this voluntary Program available to its shareholders. However, FHR makes no recommendation as to whether or not an eligible shareholder should participate in the Program. The decision to participate should be based upon a shareholder`s particular financial circumstances. Eligible shareholders may wish to obtain advice from their broker or financial advisor as to the advisability of participating.



FHR has retained Georgeson Shareholder Communications Canada, Inc. of Toronto, Ontario to manage the Program and to handle share transactions and payment.

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