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Sale Great Southern Hotels

A decision has been taken by the board of Great Southern Hotels (GSH) to engage advisers to assist with the disposal of its hotel assets.  It is intended the hotels will be sold as going concerns.

Early meetings will be arranged with staff and Trade Union representatives to engage with them on the difficulties faced by GSH.

Great Southern Hotels would like to assure all its customers and business partners that it intends to operate all its hotels normally during this process.

The board of the Dublin Airport Authority (DAA) fully supports and endorses this decision and has kept the government, as shareholder, fully informed.  Great Southern Hotels is a wholly owned subsidiary of the DAA..

Ends

7 February 2006

Further information contact: Vincent Wall at 087.6860727