SHH Safe Harbour Holdings Plc

RNS No 2885n
SCOTTISH HIGHLAND HOTELS PLC
10 September 1999


Scottish Highland Hotels plc ("Scottish Highland Hotels") announces that each
of the undernoted Directors of Scottish Highland Hotels has accepted the
Offer, which has now been declared wholly unconditional, by Apax Partners &
Co. Capital Limited on behalf of Paramount Hotels Investments Limited to
acquire the entire issued share capital of Scottish Highland Hotels at a price
of 130p per share.  Accordingly, the Directors (and their connected persons)
have disposed of the following shares:

                                Beneficial       Non-beneficial

Hamish Grossart*                  400,000*                  -*
Alasdair Cameron                  433,560              58,800
Paul Murray-Smith                 433,560              58,800
Franco Galgani                     90,000                   -
Tudor Davies                       80,000                   -
Brian Simmers                     429,200              72,760

* Mr. Grossart's shares are owned legally and beneficially by Petronius
Limited.

Proposals will be made to the Directors in relation to their share options
shortly.


END

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