ARAMARK Increases Investment to Majority Ownership in Chilean Managed Services Company.

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--April 16, 2004

One of Several Moves Reflecting Plan to Grow Internationally Through Ongoing Investments in Leading Companies in Strategic Markets

ARAMARK Corporation (NYSE:RMK), a world leader in managed services, today announced that it has increased its investment in Central de Restaurantes, the leading managed services company in Chile, to 51 percent ownership. ARAMARK's initial investment of 20 percent ownership in Central de Restaurantes was made in September 2001.

Central de Restaurantes, which is based in Santiago, reported approximately $150 million in annual revenue for fiscal year 2003, a 40 percent increase over fiscal 2002 results. Central de Restaurantes provides dining and facilities services to customers in business, mining, healthcare and education in Chile as well as Argentina.

"We are pleased to increase our position in a company that we expect will continue to grow strongly in the promising managed services marketplace in South America," said Ravi Saligram, President, ARAMARK International. "Our investment in Central de Restaurantes is one of several transactions we have made to advance our strategy to grow globally through initial minority investments in leading companies with a demonstrated track record for growth."

ARAMARK also recently strengthened its international presence through key acquisitions, including Restauracion Colectiva and Rescot, a food service company based in Spain, and Catering Alliance, the sixth-largest contract caterer in the United Kingdom with fiscal year 2003 revenues of approximately $75 million. Catering Alliance's main clients include multinational and domestic companies, universities and schools. In a recent survey undertaken by The Sunday Times of London, the company was named one of the 100 best companies to work for in the United Kingdom.

In international markets, ARAMARK provides a wide range of managed services, including food, refreshment, facility and other support services, for businesses, schools and universities, health care institutions, conference centers and convention centers. ARAMARK operates in 17 countries outside the U.S., including Canada, Germany, Ireland, Japan, Korea, Mexico, Spain and the United Kingdom. In fiscal year 2003, ARAMARK's total sales outside of the U.S. represented 15 percent of the company's total sales for that year.

About ARAMARK

ARAMARK Corporation is a world leader in providing award-winning food and facilities management services to health care institutions, universities and school districts, stadiums and arenas, international and domestic corporations, as well as providing uniform and career apparel. ARAMARK was ranked number one in its industry in the 2004 FORTUNE 500 survey and was also named one of "America's Most Admired Companies" by FORTUNE magazine in 2004, consistently ranking since 1998 as one of the top three most admired companies in its industry as evaluated by peers. Headquartered in Philadelphia, ARAMARK has approximately 200,000 employees serving clients in 18 countries.

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