Disney

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EURO DISNEY S.C.A. Fiscal Year 2011 First Quarter Announcement
• • Total Revenues up 8% Resort Revenues increased by 6%, reflecting higher guest spending and volumes

(Marne-la-Vallée, February 8,2011) Euro Disney S.C.A. (the "Company"), parent company of Euro Disney Associés S.C.A., operator of Disneyland® Paris, reported today the following revenues for its consolidated group (the "Group")for the first quarter of the fiscal year 2011 which ended December 31, 2010 (the "First Quarter"):
Quarter ended December 31, 2009 2010 169.4 127.6 10.1 307.1 9.7 316.8 164.7 112.3 13.8 290.8 1.2292.0 Change Amount 4.7 15.3 (3.7) 16.3 8.5 24.8 % 2.9 % 13.6 % (26.8)% 5.6 % >100% 8.5 %

(€ in millions, unaudited) Theme Parks Hotels and Disney® Village Other Resort operating segment Real estatedevelopment operating segment Total Revenues

Resort operating segment revenues increased 6% to € 307.1 million from € 290.8 million in the prior-year period. Theme parks revenues increased 3% to €169.4 million from € 164.7 million in the prior-year period, resulting from a 2% increase in average spending per guest, combined with a 1% increase in attendance. The increase in average spending perguest was due to higher spending on food and beverage. The increase in attendance was driven by more guests visiting from France and Belgium, partially offset by fewer guests visiting from the UnitedKingdom and the Netherlands. Hotels and Disney® Village revenues increased 14% to € 127.6 million from € 112.3 million in the prior-year period due to a 5.6 percentage points increase in hoteloccupancy, combined with a 7% increase in average spending per room. The increase in hotel occupancy resulted from 30,000 additional room nights compared with the prior-year period, primarily due to moreFrench guests staying overnight and higher business group activity. The increase in average spending per room resulted from higher spending on food and beverage and an increase in daily room rates....
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