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Orient-Express Hotels Announces Common Share Offering

Category: Worldwide
This is a press release selected by our editorial committee and published online for free on Wednesday 12 July 2006

Orient-Express Hotels Ltd. (NYSE:OEH, www.orient-express.com) announced late yesterday afternoon that it had agreed to sell 2.5 million newly issued class A common shares to Citigroup Corporate and Investment Banking, as sole underwriter of a public offering. Orient-Express Hotels intends to use the net proceeds from this offering for general corporate purposes. Closing of the transaction is subject to customary closing conditions.

Yesterday, Orient-Express Hotels filed an automatically effective shelf registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Orient-Express Hotels has filed for more complete information about Orient-Express Hotels and this offering.

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