FOR: Fine Host Corporation

                         CONTACT: Betsy Brod/Karen Kruza
                                  Media:  Stan Froelich
                                  Morgan-Walke Associates, Inc.
                                  (212) 850-5600

FOR IMMEDIATE RELEASE

            FINE HOST TO RESTATE PRIOR PERIODS; INDEPENDENT DIRECTORS
                           TERMINATE CEO AND TREASURER

     Greenwich, CT, December 15, 1997 -- Fine Host Corporation (NASDAQ): FINE)
announced on Friday, December 12, 1997 that certain expenses incurred during
1997 were incorrectly capitalized rather than expensed in the period in which
they were incurred and, as a result, the Company will restate each of the first
three quarters of 1997.

     Preliminary indications are that the accounting problems are not limited to
the incorrect capitalization of expenses and that periods prior to 1997 will
also need to be restated. Based on the review undertaken to date, the Board
believes that it may take several weeks or more to determine the exact magnitude
of the problems.

     The independent directors of the Board of Directors have terminated the
employment of Richard E. Kerley, Chairman of the Board and Chief Executive
Officer, and Nelson A. Barber, Senior Vice President and Treasurer. The Board of
Directors expects to retain a crisis management firm and also expects to retain
a separate forensic accounting firm to review past accounting practices.

     Fine Host Corporation provides food and beverage concession and catering
services to more than 900 facilities, primarily through multi-year contracts in
the following markets: the recreation and leisure market (arenas, stadiums,
amphitheaters, civic centers and other recreational facilities); the convention
center market; the education market (colleges, universities and elementary and
secondary school nutrition programs); the business dining market (corporate
cafeterias, office complexes and manufacturing plants); the health care market
(long-term care facilities and hospitals); and the corrections market (prisons
and jails).

     This release contains forward-looking statements pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. These
statements are subject to various risks and uncertainties which are described in
the Company's filings with the Securities and Exchange Commission. FOR: Fine
Host Corporation