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Rezidor SAS sells interest in Malmaison brand to prepare for new streamlined brand structure

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Rezidor SAS sells interest in Malmaison brand to prepare for new streamlined brand structure Rezidor SAS Hospitality, a wholly owned subsidiary of the SAS Group, today announces that it has sold its 50% interest in the brand, as well as the management of the mid-market lifestyle hotel group Malmaison for approximately MSEK 180 to Marylebone Warwick Balfour Group Plc (MWB) of which MSEK 80 refer to the book value of the brand and MSEK 100 as compensation for terminated management contracts. Furthermore, MWB has repaid a loan of MSEK 230 from Rezidor SAS. This is a strategic decision in order to prepare Rezidor SAS for a new streamlined brand structure, which is planned to be introduced later this autumn. Rezidor SAS Hospitality purchased the brand and rights to the expansion of Malmaison from Wyndham International in 2000. This was achieved through the formation of a joint venture company between Rezidor SAS Hospitality and the UK property company Marylebone Warwick Balfour Group Plc (MWB). For further information Gunnar Reitan, Executive Vice President & deputy CEO, +46 8-797 1480 Kurt Ritter, President & CEO Rezidor SAS Hospitality, + 32 2 702 9200 About Rezidor SAS Hospitality: Rezidor SAS Hospitality currently includes 109 hotels in operation, 40 hotels under development in 37 countries and is the sole franchisor in Europe, the Middle East and North Africa for Radisson Hotels & Resorts. Radisson Hotels & Resorts and its parent company Carlson Hospitality Worldwide includes 750 hotels and resort locations representing 131 000 guest rooms in 63 countries plus six luxury cruise ships sailing worldwide. SAS GROUP INVESTOR RELATIONS ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/08/01/20030801BIT00790/wkr0001.doc http://www.waymaker.net/bitonline/2003/08/01/20030801BIT00790/wkr0002.pdf

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