EURO DISNEY S.C.A. * Company Plans to Maintain its Share Listing Exclusively on Euronext Paris.
(Marne-la-Vallée, July 21, 2005) Euro Disney S.C.A., parent company of Euro
Disney Associés S.C.A., operator of Disneyland Resort Paris, hereby announces
the intended cancellation of its secondary listings of both ordinary shares and
UK Depository Receipts evidencing these shares on the Official List of the UK
Listing Authority and from trading on the London Stock Exchange's market for
listed securities and the cancellation of the secondary listing of its ordinary
shares from Brussels Euronext.
Over the past few years, market trends and changes in the regulatory
environment, including the recent European Union Prospectus Directive which
harmonises the law on public offerings across the European Union, have
facilitated access for investors to trade in shares listed in European Union
member states other than their own. These changes, combined with the high cost
of maintaining separate listings relative to historical trading volumes have
led to the Company's decision to cancel its share listings on the London Stock
Exchange and Euronext Brussels. Following the cancellation of the listings,
investors will still be able to trade in the Company's shares on Euronext
Paris.
As separately notified to each holder of Euro Disney's UK Depositary Receipts
such holders are entitled to exchange their UK Depositary Receipts for Euro
Disney underlying shares until 3:00 p.m. on October 15, 2005. Where any UK
Depositary Receipt has not been exchanged for Euro Disney underlying shares,
the UK Depositary Receipt will be cancelled and the Euro Disney ordinary shares
referable to such UK Depositary Receipt will be sold on the holder's behalf and
the net proceeds, less commission and expenses, sent to the holder. The last
day of trading of Depositary Receipts and ordinary shares on the London Stock
Exchange will take place on October 31, 2005.
The listing cancellation in Belgium does not require any specific action by
shareholders, and a final listing cancellation date will be announced after
obtaining approval from the relevant market authority.
Corporate Communication Investor Relations Pieter Boterman Fiona Lord-Duarte Tel: +331 64 74 59 50 Tel: +331 64 74 58 55 Fax: +331 64 74 59 69 Fax: +331 64 74 56 36 e-mail: pieter.boterman@disney.com e-mail:fiona.lord.duarte@Disney.com Code ISIN: FR0000125874 Code Reuters: EDL.PA Sicovam: 12 587 Code Bloomberg: EDL FP Euro Disney S.C.A. and its subsidiaries operate the Disneyland Resort Paris
which includes: Disneyland Park, Walt Disney Studios Park, seven themed hotels
with approximately 5,800 rooms (excluding 2,074 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.
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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