Euro Disney Consults Workers' Council on Restructuring Plan Today Marne-la-Vallée, June 9, 2004 - Euro Disney management presented to the
Workers' Council the main terms of the Memorandum of Agreement concerning the
proposed financial restructuring that was announced today. Management informed
the Workers' Council that the aim of this proposed financial restructuring is
to provide the Company with resources for its long-term growth strategy and
advised the Workers' Council that no redundancy plan was contemplated.
André Lacroix, Chairman and Chief Executive Officer said: "Euro Disney expects the Workers' Council to work with their expert and with
management to formulate a constructive opinion. Euro Disney has played an
important role in the economic development of the Department of Seine-et-Marne
as well as in Ile-de-France tourism. The proposed financial restructuring
announced today provides a strong platform for the growth of Disneyland Resort
Paris, the number one tourist destination in Europe." Corporate Communication Investor Relations Philippe Marie Sandra Picard-Ramé Tel: +331 64 74 59 50 Tel: +331 64 74 56 28 Fax: +331 64 74 59 69 Fax: +331 64 74 56 36 e-mail:philippe.marie@disney.come-mail:sandra.picard@disney.com Additional Financial Information can be found on the internet at
www.eurodisney.com Code ISIN: FR0000125874 Code Reuters: EDL.PA Sicovam: 12 587 Code Bloomberg: EDL FP Euro Disney S.C.A. and its subsidiaries operate Disneyland Resort Paris which
includes: Disneyland Park, Walt Disney Studios Park, seven themed hotels with
approximately 5,800 rooms (excluding 1,576 additional third-party rooms located
on the site), two convention centres, Disney Village, a dining, shopping and
entertainment centre, and a 27-hole golf facility. The Group's operating
activities also include the management and development of the 2,000-hectare
site, which currently includes approximately 1,000 hectares of undeveloped
land. Euro Disney S.C.A.'s shares trade in Paris (SRD), London and Brussels.
Management believes certain statements in this press release may constitute
"forward-looking statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. These statements are made on the basis of
management's views and assumptions regarding future events and business
performance as of the time the statements are made. Actual results may differ
materially from those expressed or implied. Such differences may result from
actions taken by the Company, as well as from developments beyond the Company's
control, including changes in political or economic conditions. Other factors
that may affect results are identified in the Company's documents filed with
the U.S. Securities and Exchange Commission.
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