Kerzner Board Approves Repurchase
NEW YORK, NY, August 15, 2005. Kerzner International Limited, a leading international developer and operator of destination resorts, casinos and luxury hotels, has announced that its Board of Directors has approved a share repurchase program authorizing the Company to purchase up to two million of the Company's ordinary shares. As of August 11, 2005, the Company had 36.3 million shares outstanding.
The share repurchases will be made at management's discretion from time to time in the open market through block trades or otherwise. Depending upon market conditions and other factors, share repurchases may be commenced or suspended at any time or from time to time without prior written notice.
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