Fairmont Hotels & Resorts Inc. (FHR), the owners of the Hamilton Princess and the Southampton Princess, will release their fourth quarter and year-end figures on January 23, 2002.

This will be followed by a conference call that day at 5.30 p.m.

Participating on the call will be FHR's chief executive officer, William R. Fatt, along with Chris J. Cahill, president and chief operating officer, and M. Jerry Patava, executive vice president and chief financial officer. Investors are invited to access the call by dialing 416-641-6450 or 1-888-209-3754 and investors will be required to identify themselves and the organisation on whose behalf they are participating.

A recording of this call will be made available beginning at 7.30 p.m. on January 23 through to midnight on January 30. To access the recording dial 1-800-633-8625 and use the reservation number 20187824. A live audio webcast of the conference call will be available via FHR's website www.fairmont.com/investor.