KARL HOLZ TO ASSUME TOP DUTIES AT                       
                                  EURO DISNEY                                  

(Marne-la-Vallee, May 19, 2005) - Euro Disney S.C.A. announced today that Karl
Holz, president and chief operating officer of Euro Disney S.A.S, will assume
the responsibilities previously held by Andre Lacroix, who is leaving the
company to pursue other opportunities.

'I thank Andre -- and I wish him the best,' said Jay Rasulo, president of Walt
Disney Parks and Resorts.

'I would like to thank all the Cast Members and the management of Euro Disney
for their commitment to the Company. I am confident in the future of Disneyland
Resort Paris. The growth strategy is in place with an unprecedented multi-year
innovation program,' said Lacroix.

Holz joined Euro Disney in September 2004 as president and chief operating
officer. Effective immediately, he will assume full responsibility for all
aspects of the business.

'Since his arrival, Karl has successfully overseen the day to day operations of
the Resort,' said Rasulo. 'With the financial restructuring of Euro Disney now
complete, Karl's wide-ranging operations experience and commitment to Disney's
excellent Guest service will be a great asset to our team as they pursue the
long term growth strategy for the Disneyland Paris Resort.'

During his nine-year career with Disney, Holz has held a number of leadership
positions. Prior to his Euro Disney appointment, Holz served as president of
Disney Cruise Line. Holz also served as senior vice president of Walt Disney
World Operations, where he managed the day-to-day operations of Epcot and
Disney-MGM Studio; the Downtown Disney retail, dining and entertainment
district, and 11 Walt Disney World resort hotel properties. Before joining
Disney, Holz was vice president of theme park operations at Knott's Berry Farm
in Southern California and was previously president and CEO of Concessions Air,
Inc.

Corporate Communication Investor Relations

Pieter Boterman Fiona Lord Duarte

Tel: +331 64 74 59 50 Tel: +331 64 74 58 55

Fax: +331 64 74 59 69 Fax: +331 64 74 56 36

e-mail: pieter.boterman@disney.com e-mail: fiona.lord.duarte@disney.com

Next Scheduled Release: Third Quarter Revenues in mid-July 2005

       Additional Financial Information can be found on the internet at        
                              www.eurodisney.com                               

Code ISIN: FR0000125874 Code Reuters: EDL.PA

Sicovam: 12 587 Code Bloomberg: EDL FP



END