Hamish Dodds Forward Quotations

Hard Rock Cafe's like-for-like sales continue to improve and this was supported by exceptional performance in the hotel and casino division with revenue continuing to exceed projections. In 2005, we also successfully relocated our New York cafe from 57th Street to our new flagship location at the Paramount Theatre in Times Square. As we look forward to 2006, we will be commemorating our 35th anniversary with a global music celebration. We are also already engaged in a number of exciting new projects, including the opening of Hard Rock Hotel Madrid, the first Hard Rock Hotel in Europe.