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Trump: Auditor to Remove Warning

19 March 2003

NEW YORK – As reported by Reuters: "Tump Hotels & Casino Resorts Inc. (NYSE:DJT), run by real estate mogul Donald Trump, said on Wednesday its auditor is preparing to say it no longer has "substantial doubt" about whether the company's Trump Castle Associates LP unit can survive.

"Auditor, Ernst & Young LLP, advised Trump Hotels that upon the scheduled March 25 closing of the casino company's sale of $490 million of mortgage notes, it will reissue its report on Trump Castle's audited financial statements without a so-called "going concern" qualification, Trump Hotels said.

"Trump Castle has about $312 million of debt maturing in November, a U.S. Securities and Exchange Commission filing shows…"

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