MANDARIN ORIENTAL INTERNATIONAL LIMITED 2010 PRELIMINARY ANNOUNCEMENT OF RESULTS

Hamilton, Bermuda – 04 March, 2011 – Mandarin Oriental International Limited (the ‘Company’; Ticker: MOIBD.BH) releases the preliminary announcement of results for the year ended 31 December, 2010. Statement from Mr. Simon Cheswick reads:

Highlights

• Recovery in demand across key markets, particularly Hong Kong

• Improved profitability and strong balance sheet

• Successful opening of the new Macau hotel

• New projects announced in Abu Dhabi, Doha and Shanghai

OVERVIEW

More favourable economic conditions throughout 2010 resulted in increased demand in most of the Group’s markets, leading to a significant improvement in underlying profit. While cost control measures remained in place across the portfolio, all hotels focused on maintaining or enhancing their competitive positions.

PERFORMANCE

Earnings before interest, tax, depreciation and amortization for 2010 were US$136 million, compared to US$88 million in 2009.

Underlying profit was US$44 million in 2010, which compared with US$12 million in 2009. Underlying earnings per share were US¢4.48, compared to US¢1.27 in 2009. There were no non-trading items in 2010, while in 2009 the profit attributable to shareholders of US$83 million included such items, being principally a gain from a property disposal.

The Directors recommend a final dividend of US¢3.00 per share. This, together with the interim dividend of US¢2.00 per share, will make a total annual dividend of US¢5.00 per share, compared to US¢7.00 per share in 2009.

The net asset value per share with freehold and leasehold properties adjusted for fair market value was US$2.33 at 31st December 2010, compared to US$2.18 at the end of 2009. This is based on the valuation of the Group’s hotel properties by its independent valuers. The Group’s balance sheet remains strong with net debt of US$144 million, representing 6% of adjusted shareholders’ funds.

GROUP REVIEW

Profitability improved across the Group’s hotels in 2010 with the strongest performances being seen in Asia.

In Hong Kong, a significant recovery in demand produced increased occupancy and rates. As a result, revenue per available room (‘RevPAR’) at Mandarin Oriental, Hong Kong and The Excelsior rose by 38% and 30%, respectively. Mandarin Oriental, Singapore benefited from an increase in visitor arrivals to the city and delivered a strong performance with a 31% improvement in RevPAR in local currency terms. In Bangkok, while the hotel remains the market leader, business levels were down following the political demonstrations earlier in the year.

The Group’s London property performed satisfactorily despite the disruption caused by the construction of the adjacent One Hyde Park complex and the volcanic ash cloud in April.

In The Americas, while business levels generally have yet to recover fully, the New York hotel produced a strong performance particularly in the second half of the year.

Under the Group’s hotel management activity, fees received from its portfolio of hotels increased during the year, reflecting the improved market conditions.

DEVELOPMENTS

The Group now has a total of 26 hotels, with a further 16 under development.

A new Mandarin Oriental hotel opened in Macau in June 2010 under a long-term management contract. This was followed by the launch of The Residences and Apartments at Mandarin Oriental, Macau in November 2010, where the Group will benefit from branding fees as sales proceed.

During the year, three new projects were announced. Two developments due to open in 2014, in Abu Dhabi and Doha, mark the Group’s entry into the Middle East. A new hotel in Pudong, Shanghai, which is scheduled to open in 2013, represents the fourth hotel in mainland China that the Group operates or has under development. One previously announced project in Atlanta will now not proceed.

In 2011, the Group will benefit from branding fees following the completion of the 86 Residences at Mandarin Oriental, London, located in the One Hyde Park complex. In addition, a non-trading gain of approximately US$10 million will be recognized following the grant by the developer of One Hyde Park of a leasehold interest within the complex at no cost, allowing the Group to add new facilities to the hotel.

Mandarin Oriental, Paris will open this summer, under a long-term lease. Located on fashionable rue Saint-Honoré, the hotel has been designed to compete amongst the city’s legendary palace hotels.

PEOPLE

On behalf of the Board, I would like to express my appreciation to all employees throughout the Group for their exceptional commitment to excellent service delivery.

OUTLOOK

Markets stabilized in 2010 and 2011 has begun well for Mandarin Oriental. While it is too early to anticipate the outcome for the year, over the medium term the Group should benefit from the strength of its brand, the limited new supply of hotel rooms in many of its key markets and the phased completion in coming years of hotels under development.

Simon Keswick

Chairman

3rd March 2011

For further information, please contact:

Mandarin Oriental Hotel Group International Limited

Edouard Ettedgui / Stuart Dickie                   (852) 2895 9288

Jill Kluge / Sally de Souza                              (852) 2895 9167

GolinHarris

Kennes Young                                                (852) 2501 7987

Full text of the Preliminary Announcement of Results and the Preliminary Financial Statements for the year ended 31st December 2010 can be accessed through the Internet at www.mandarinoriental.com