Orient-Express Hotels Announces Pricing of Common Share Offering

By Prne, Gaea News Network
Tuesday, April 28, 2009

HAMILTON, Bermuda, January 12 - Orient-Express Hotels Ltd. (NYSE: OEH, www.orient-express.com),
today announced the pricing of its public offering of 12 million Class A
common shares at a price of $10.00 per share. The Company has granted the
underwriters an option to purchase up to an additional 1.8 million shares to
cover over-allotments, if any. Subject to customary conditions, the offering
is expected to close on or about Tuesday, January 19, 2010.

The Company intends to use the net proceeds from this offering, which are
expected to be approximately $114 million (without giving effect to any
exercise of the underwriters' over-allotment option) to pay the cash portion
of the purchase price of two hotel properties located in Taormina, Sicily and
for general corporate purposes.

Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as
joint book-running managers and underwriters for the offering.

    Contact:

    Martin O'Grady
    Vice President, Chief Financial Officer
    Tel: +44-20-7921-4038
    E: martin.ogrady@orient-express.com

    Pippa Isbell
    Vice President, Corporate Communications
    Tel: +44-20-7921-4065
    E: pippa.isbell@orient-express.com

Contact: Martin O'Grady, Vice President, Chief Financial Officer, Tel: +44-20-7921-4038, E: martin.ogrady at orient-express.com. Pippa Isbell, Vice President, Corporate Communications, Tel: +44-20-7921-4065, E: pippa.isbell at orient-express.com

YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :