Pansea Hotels and Resorts in Asia Now Promoted Under The

Pansea hotels and resorts in Asia now promoted under the

Pansea Orient-Express Hotels

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Pansea Orient-Express Hotels was formed at the start of 2004 by the partnership of Pansea Hotels & Resorts and Orient-Express Hotels.

There are currently five operational Pansea hotels, with a sixth under construction. They are located in Luang Prabang, Laos; Rangoon, Burma; Siem Reap, Cambodia; Bali, Indonesia and Koh Samui on the Gulf of Siam in Thailand. The Pansea Hanging Gardens in Ubud, currently under construction, is scheduled to open at the beginning of next year.

Orient-Express Hotels own 40 deluxe hotel, restaurant, tourist train and river cruise properties in 17 countries, including the Hotel Cipriani in Venice, the Villa San Michele in Florence, Le Manoir aux Quat’ Saisons in England, the Ritz in Madrid and the Hotel de la Cite in Carcassonne, France. It also has investments in the Eastern & Oriental Express train which operates between Singapore and Bangkok and the Road to Mandalay cruise ship which operates on the Irrawaddy River in Burma.

Many of the guests on the Eastern & Oriental Express and the Road to Mandalay also visit the countries in which Pansea is present, and some of them already stay in Pansea hotels. Pansea found it shared values and vision about the development of tourism experiences in special destinations, and so was delighted to have been able to reach the agreement with Orient-Express Hotels. Orient-Express Hotels will contribute greatly to the development of business through its international sales and marketing network.

The Pansea group will continue to remain under the control and management of its existing executives, Robert Molinari and Stanislas Rollin, and will retain its existing personnel. The Pansea hotels and developments situated out of Asia (in Tunisia and the Caribbean) will remain under the Pansea brand.

The existing Pansea branded properties will now bear new names (please see below) and be reunited under the banner of Pansea Orient-Express Hotels. The new names aim to give each property a more unique status, and we are confident that the new tagline (“A Pansea Orient-Express Hotel”) will broaden the appeal of the properties to the existing clientele of both Pansea Hotels & Resorts and Orient-Express Hotels.

The Pansea website will be completely upgraded in the coming months and retitled Pansea Orient-Express Hotels.

We should like to thank all the guests of our resorts and all the tour operators, travel agents, and other groups and individuals who have valuably supported our hotels to date. We look forward to continuing to working closely with you all and to welcoming you and your clients to our properties.

Should you have any questions, please do not hesitate to seek further information from our Directors of Operations, Franz von Merhart () and Jose Moral (), or contact our offices:

Pansea Orient-Express Hotels

Bangkok:

10th Floor, Park Place, 231 Sarasin Road, Lumpini, Bangkok 10330, Thailand

Telephone: (66-2) 2534145-7, 2544530-1 Fax: (66-2) 2544535

Paris:

Pansea, 15 rue Cardinet, 75017 Paris, France

Telephone: (33-1) 42275428, Fax 42275434

Yours faithfully,

Robert MolinariStanislas Rollin

Co-PresidentCo-President

We would be most grateful if you could ensure that all new collateral marketing the properties in Asia now use the new names and logos below:

The Pansea Angkor will now be called:

La Résidence d’Angkor
Siem Reap, Cambodia

The Pansea Phou Vao will now be called:

La Résidence Phou Vao
Luang Prabang, Laos

The Pansea Yangon will now be called:

The Governor’s Residence
Yangon, Myanmar

The Pansea Puri Bali will now be called:

Jimbaran Puri Bali
Bali, Indonesia

The Pansea Napasai Samui will now be called:

Napasai
Samui Island, Thailand

The new Pansea in Ubud will be called:

Ubud Hanging Gardens
Bali, Indonesia

The hotels each belong to Pansea Orient-Express Hotels, and each individual hotel may bear a tagline specifying in Times Roman Italic “A Pansea Orient Express Hotel”, in conjunction with the VSOE logo in gold.

Logo Specifications:

Typeface: Times New Roman Italic
Typeface Colour: Pantone Process Coated DS 322-2
VSOE gold Colour: Pantone coated 871c (metallic)

In each hotel name, the typeface is as shown, with a gold line (same colour as VSOE logo) separating the hotel name from the location.
The font sizes should be based on the following (being scaled up or down globally as required):
The hotel name is in 70 point font
The hotel location underneath is in 30 point.
The separating line is 12 point.

Artwork may be provided upon request.

Group sample:

Logo sample:

VSOE sample: