THO Thistle Hotels

RNS Number:9336G
Thistle Hotels PLC
03 February 2003

3 February 2003

                         THISTLE HOTELS PLC ("THISTLE")

Thistle notes the press speculation on 2 February 2003 that its bankers led by
the Royal Bank of Scotland have appointed Ernst & Young to carry out a review of
Thistle's business. Thistle confirms that neither the Royal Bank of Scotland nor
Ernst & Young has had any discussions with Thistle in this connection. The Royal
Bank of Scotland has confirmed that it has not instigated any such business
review. Thistle currently has no outstanding loans or debts with any Bank
including the Royal Bank of Scotland.

Thistle released a trading update on 16 January 2003 and, as planned, will
announce preliminary results for the financial year ended 29 December 2002 on 3
March 2003.

Enquiries:

Thistle Hotels Plc
Ian Burke                                                     Tel: 020 7895 2304

Hogarth Partnership
Nick Denton / Chelsea Hayes                                   Tel: 020 7357 9477

                      This information is provided by RNS
            The company news service from the London Stock Exchange
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