EXHIBIT 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE CONTACT: Jon Weis Director of Corporate Communications Entertainment Properties Trust (816) 472-1700 Joe Keenan, Sturges + Word (816) 221-7500 ENTERTAINMENT PROPERTIES TRUST ANNOUNCES CLOSING OF $200 MILLION CREDIT FACILITY KANSAS CITY, Mo. (March 3, 1998) Entertainment Properties Trust (EPR:NYSE), a Real Estate Investment Trust (REIT) that owns entertainment-related properties, announced today that it has closed on a $200 million credit facility. The Company expects to use the facility to finance the acquisition of additional megaplex theatres and other entertainment-related properties. The facility was arranged by Bank of New York, Goldman Sachs and Bank of Nova Scotia, and has a term of three years. "This new credit facility is an important part of our capital structure. It gives us the resources to make additional key acquisitions in the near-term as well as lays a solid foundation for our future growth," said David Brain, chief financial officer for Entertainment Properties Trust. Entertainment Properties Trust is a Real Estate Investment Trust whose principal business strategy is to acquire and develop a diversified portfolio of high-quality properties leased to major entertainment-related business operators. The company's common stock is traded on the New York Stock Exchange under the ticker symbol EPR.