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[2008-04-02] SUN RESORTS REGIONAL EXPANSION Further to the cautionary announcement issued on 6 February 2008, the Board of Sun Resorts Ltd (SRL) is pleased to announce to its shareholders and the public in general that the proposed transaction with Kerzner International Ltd (KZL) was completed on 31 March 2008. Subsequently, SRL has acquired 100% of the shareholding of the company owning the Kanuhura Resort, a 5 star 100-room hotel located on Lhaviyani atoll in the Republic of Maldives, together with the management agreement that KZL has with this hotel with effect from 1 March 2008. As part of the consideration for the above transaction, SRL has sold to KZL its remaining stake in the company owning the 34 Arpents of land presently used by the golf course holes
2 to 8 -adjacent to the One&Only Le Saint Geran. This acquisition is in line with the strategy of regional expansion of SRL, whilst such asset swap creates immediate value for its shareholders. By Order of the Board S PRey Secretary 1 April 2008 This communique is made pursuant to Listing Rule 11.3 The Board of Directors of Sun Resorts Ltd accepts full responsibility for the accuracy of the information contained in this communique. Source: Copyright 2006 The Stock Exchange of Mauritius