Kerzner Increases Earnings Estimates for 2002

Recurring earnings per share represents net income per share excluding non-recurring items and operating results from Kerzner Interactive, the Company's internet gaming venture. Non-recurring items in 2002 include an extraordinary loss resulting from the early extinguishment of debt, gain on settlement of territorial dispute and other related items and provision for losses at Harborside at Atlantis primarily related to repairs of storm damage from Hurricane Michelle, which are subject to an outstanding insurance claim.
The Company expects to report its fourth quarter and 2002 results during the week of January 27, 2003, and will provide further details at that time.

About the Company

Kerzner International Limited is a leading developer and operator of premier casinos, resorts and luxury hotels. The Company's flagship destination is Atlantis, a 2,317-room, ocean-themed resort located on Paradise Island, The Bahamas.