Article: Kerzner Signs New Heads of Agreement with the Bahamas for $600 Million Expansion on Paradise Island.

Business Editors/Travel Writers

PARADISE ISLAND, The Bahamas--(BUSINESS WIRE)--May 27, 2003

Kerzner International Limited (NYSE:KZL):

-- Phase III of Atlantis Would Leverage Investment in

Infrastructure from Phase II Expansion Completed in 1998

-- Expansion Would Increase Room Count to over 3,500 Rooms on

Paradise Island and Significantly Add to Existing Water-Themed

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