Statement from Cipriani Family Regarding UK Court of Appeals Decision

NEW YORK, February 24, 2010 - We are disappointed with the Court of Appeals' decision in London. Our
restaurant has operated successfully for nearly six years in London and we do
not believe there is any confusion with the Orient's Hotel Cipriani in Venice
which has absolutely no operations in the UK.

"This decision does not affect our properties outside of the UK and the
Cipriani family continues to own and develop new businesses in countries
around the world, in addition to existing operations around Europe, Asia and
the United States.

"While we are considering avenues of appeal to the Supreme Court, we are
also exploring other potential names for the London restaurant."

Matthew Hiltzik of Hiltzik Strategies, for the Cipriani Family, +1-212-430-5054, mhiltzik at hstrategies.com