Notification of Shareholding

Park Plaza Hotels Limited
19 July 2007


TR-1: Notifications of Major Interests in Shares


                                                       Park Plaza Hotels Limited

1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached:


2. Reason for notification (yes/no)
                                                                                        Yes

An acquisition or disposal of voting rights


An acquisition or disposal of financial instruments which may result in the acquisition
of shares already issued to which voting rights are attached


An event changing the breakdown of voting rights


Other (please specify):______________
                                                     Euro Plaza Holdings B.V.

3. Full name of person(s) subject to notification
obligation:
                                                     N/A

4. Full name of shareholder(s) (if different from
3):
                                                     17 July 2007

5. Date of transaction (and date on which the
threshold is crossed or reached if different):
                                                     19 July 2007

6. Date on which issuer notified:
                                                     43%

7. Threshold(s) that is/are crossed or reached:


8: Notified Details
A: Voting rights attached to shares


Class/type of  Situation previous to the Resulting situation after the triggering transaction
shares         triggering transaction
               Number of    Number of    Number of    Number of voting rights  Percentage of voting
If possible    shares       voting       shares                                rights
use ISIN code               rights

                                                      Direct      Indirect     Direct       Indirect
Ordinary      N/A                   N/A         17,376,900     17,376,900      -                  43%
            -

Shares




B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial    Expiration date      Exercise/ conversion No. of voting rights that   Percentage of
instrument                                period/date          may be acquired (if the     voting rights
                                                               instrument exercised/
                                                               converted)
N/A                  N/A                  N/A                  N/A                         N/A




Total (A+B)


Number of voting rights                             Percentage of voting rights
17,376,900                                          43%


9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively
held, if applicable:
The AP Descendants Trust, a trust established under the laws of the Cayman Islands for the children of Mr Avner
Papouchado and the YP Descendant's Trust, a trust established under the laws of the Cayman Islands wholly own Peninsula
International Enterprises Ltd which wholly owns Three Continents Ltd, which wholly owns Horizon Enterprises B.V. which
wholly owns Atlantic Pacific Enterprises B.V. which wholly owns Euro Plaza Holdings B.V.


Proxy Voting:


10. Name of proxy holder:                           N/A


11. Number of voting rights proxy holder will cease N/A
to hold:


12. Date on which proxy holder will cease to hold   N/A
voting rights:





13. Additional information:                           N/A


14 Contact name:                                      Bari Davidson


15. Contact telephone number:                         [phone]








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