Sun International
FROM: Sun International
The Bahamas
Contact: John Allison
Tel: (954)713.2500
FOR IMMEDIATE RELEASE
SUN INTERNATIONAL EXPANDS SHARE REPURCHASE PROGRAM
PARADISE ISLAND, The Bahamas, August 7, 2000 - Sun International Hotels Limited
(NYSE: SIH) today announced that its Board of Directors has approved an increase
to its stock repurchase program to allow for the purchase by the Company of up
to 2,000,000 Ordinary Shares.
The Company had previously repurchased 1,000,000 of the 2,000,000 shares
originally authorized under its existing stock repurchase program. The purchases
will be made from time to time in the open market or through privately
negotiated transactions as market conditions warrant.
Sun International Hotels Limited is an international resort and gaming company
incorporated in The Bahamas which develops, operates, and manages premier
resorts and casino properties.
Inquiries should be directed to John Allison, Executive Vice President - Chief
Financial Officer of Sun International Hotels Limited at (954) 713.2500.
This press release contains forward-looking statements, which are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking
statements.
