RNS Number:2704R
Mandarin Oriental International Ld
24 October 2003


                                                           For immediate release

         MANDARIN ORIENTAL REACHES SETTLEMENT ON SARS INSURANCE CLAIMS

24th October 2003 - Mandarin Oriental International Limited today announced that
it had reached a US$16 million settlement of insurance claims for losses arising
on business interruption caused by the outbreak of SARS.

The Group has been significantly impacted by the outbreak of SARS and claims
against insurance cover for attributable losses for business interruption have
been made. A US$2.5 million interim payment was received and accounted for in
the Company's interim results, and the Group will now receive an additional
US$13.5 million payment from its insurers, making a total settlement of US$16
million. The total amount will be included in the full year results for 2003 as
income.

Commenting on the agreed settlement Chief Financial Officer, John Witt, said,
"We are pleased to have reached this settlement with our insurers as it will go
some way in compensating the Group for the negative effect SARS had,
particularly in Asia."

"While the Group was fortunate to have this cover in place at the time of the
outbreak, it was not possible to maintain the same scope of cover when the
insurance policies were renewed on 1st July 2003," Mr Witt added.

Mandarin Oriental is the award-winning owner and operator of some of the world's
most prestigious hotels and resorts. In total, the Group operates 18 luxury
hotels in key business and leisure destinations, with five additional hotels
under development in New York (opening November 2003), Washington D.C. (opening
spring 2004), Hong Kong (opening 2005) as well as Tokyo and Boston (opening
2006). Mandarin Oriental now operates some 7,000 rooms in eleven countries with
nine hotels in Asia, six in The Americas and three in Europe. Mandarin Oriental
is a member of the Jardine Matheson Group.

                                    - end -

For further information, please contact:

Mandarin Oriental Hotel Group International Limited

John Witt                                                        (852) 2895 9131
Jill Kluge / Chantal Hooper                  (44) 207 529 9688 / (852) 2895 9288
                                      e-mail: jillk@mohg.com / chantalh@mohg.com

Matheson & Co. Limited
Martin Henderson                                               (44) 20 7816 8135

Golin/Harris Forrest
Debbie Chu                                                       (852) 2501 7916

Weber Shandwick Square Mile
Richard Hews
Christian San Jose                                             (44) 20 7067 0700

This and other Group announcements can be accessed through the Internet at
'www.mandarinoriental.com'.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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