Caledonia Investments PLC
11 August 2004
Sale of 1.3 million shares in Kerzner International Ltd
Caledonia Investments plc ('Caledonia') confirms that the sale of 1.3m shares in
Kerzner International Ltd, the resorts developer and operator, announced on 16
July 2004, has now been completed.
The proceeds from the sale, amounting to approximately £33.6m, will be used for
general corporate purposes, including the repayment of Caledonia's existing bank
borrowings. Caledonia will be reducing its committed term bank facilities by
£30m to £70m.
10 August 2004
Tim Ingram, Chief Executive 020 7802 8080
Tony Friend 020 7457 2020
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