Kerzner International Holdings Limited Has Concluded its Global Restructuring Process

NASSAU, THE BAHAMAS -  27th April 2012, Kerzner International Holdings
Limited has now successfully completed its comprehensive global
restructuring process, affecting both its assets here in The Bahamas, as
well as elsewhere in the world.  This process has resulted in
substantially all of its Paradise Island Assets, including the Atlantis
Resorts & Casino and the One & Only Ocean Club, being
transferred to Brookfield Asset Management Inc., in exchange for Kerzner
being released from approximately $175 million debt owed to Brookfield.

Additionally,
pursuant to two management agreements, the Atlantis Management
Agreement and Ocean Club Management Agreement, Kerzner will continue...