Share Dealings

Park Plaza Hotels Limited
13 November 2007



                                                                13 November 2007



                           Park Plaza Hotels Limited



                        ('Park Plaza' or 'the Company')



                                 Share Dealings



Park Plaza announces that it received notification on 12 November 2007 that NSI
Holding 3 B.V. ('NSI') acquired 303,024 shares at a price of 329.80 pence per
share on 12 November 2007.



NSI is owned 70% by Euro Plaza Holdings B.V. ('Euro Plaza') and 30% by Rausing
Limited, a company wholly owned by Molteno Limited ('Molteno'). Both Euro Plaza
and Molteno are significant shareholders of Park Plaza and are deemed to be
interested in 100% of the 303,024 shares acquired by NSI. Their resultant
shareholdings following the acquisition are as follows:


Shareholder                                                   Shares acquired                
                               Previous Interest                   by NSI                    Resultant Interest
                                     Shares           %           Shares           %              Shares              %
Euro Plaza(1)                    17,376,900       42.44          303,024        0.74          17,679,924          43.18
Molteno(2)                        7,500,000       18.32          303,024        0.74           7,803,024          19.06



As disclosed in the Admission Document, Eli Papouchado, Park Plaza's Chairman,
is deemed to be interested in shares held by Euro Plaza and Boris Ivesha, Park
Plaza's CEO, is deemed to be interested in shares acquired by Molteno. Both Eli
Papouchado and Boris Ivesha are therefore deemed to be interested in 100% of the
303,024 shares acquired by NSI. Details of the directors' share acquisitions and
resultant holdings are as follows:


Director                                                    Shares acquired                
                              Previous Interest                  by NSI                    Resultant Interest
                                    Shares           %           Shares            %               Shares             %
Eli Papouchado                  17,376,900       42.44          303,024         0.74           17,679,924         43.18
Boris Ivesha                     7,500,000       18.32          303,024         0.74            7,803,024         19.06



As disclosed in the Park Plaza Admission Document, the trustee of the Princeton
Trust, the ultimate controlling shareholder of Molteno, has agreed with Euro
Plaza, a member of the Red Sea Group that for so long as their combined
interests in the Company are not less than 38% and the Red Sea Group's interest
in the Company is at least 26.5% of the issued share capital, the Princeton
Trust will vote its shares at general meetings of shareholders in a consistent
manner with the votes cast by the Red Sea Group.



As a result of this agreement, Euro Plaza and Molteno are deemed to be acting in
concert for the purposes of Rule 9 of the Takeover Code. Euro Plaza and Molteno
between them hold more than 50 per cent of the Company's voting rights and (for
so long as they continue to be treated as acting in concert) may accordingly
increase their aggregate interests in shares without incurring any obligation
under Rule 9 to make a general offer, although individual members of the concert
party will not be able to increase their percentage interest in shares through
or between a Rule 9 threshold without Takeover Panel consent. The Takeover Panel
has confirmed that no obligation to make a mandatory offer for the Company
arises from the acquisitions of shares described in this announcement.



For further details on the Takeover Code, please refer to
www.thetakeoverpanel.org.uk.



Enquiries:


Park Plaza Hotels                           Tel: [phone]
Chen Moravsky, Chief Financial Officer

Hudson Sandler                              Tel: [phone]
Jessica Rouleau / Wendy Baker



(1) The AP Descendants' Trust (a trust established under the laws of the Cayman
Islands for the children of Mr Avner Papouchado), the YP Descendants' Trust (a
trust established under the laws of the Cayman Islands for the children of Mr
Yoav Papouchado), Peninsula International Enterprises Ltd., Three Continents
Holdings Ltd., Horizon Enterprises B.V. and Atlantic Pacific are also interested
in these shares by virtue of their controlling interest in Euro Plaza.

(2) The Princeton Trust (a discretionary trust established under the laws of the
British Virgin Islands by Boris Ivesha) is also interested in these shares as a
result of its controlling interest in Molteno.


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