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01/12/1999

Bass Establishes 100% Control of Inter-Continental Hotel Hyde Park Corner

Bass Establishes 100% Control of Inter-Continental Hotel Hyde Park Corner

Bass PLC today announces its acquisition of control of the remaining 50 per cent of Apsley Hotels Ltd, the lessee of the long term lease of the Hotel Inter-Continental London Hyde Park, for a net cash cost of £56 million. The acquisition gives Bass full ownership of the long term lease and shows a cash yield in excess of 10 per cent.

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For further information, please contact:

Pugh Phillips, Director of Group Communication     0171 409 1919
Mark Rigby, Media Relations   0171 409 8571
Jonathan Atack, Investor Relations   0171 409 8153

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