Exhibit 99.1

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FOR IMMEDIATE RELEASE
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PRESS RELEASE


             PROXY GOVERNANCE, INC. RECOMMENDS ORIENT-EXPRESS HOTELS
                     SHAREHOLDERS VOTE THE GREEN PROXY CARD
               FOR THE D. E. SHAW GROUP AND CR INTRINSIC PROPOSALS

         Three Leading Independent Advisory Firms Recommend Shareholders
                             Vote FOR Both Proposals

New York, NY and Stamford, CT--October 6, 2008 - D. E. Shaw Valence Portfolios,
L.L.C., D. E. Shaw Oculus Portfolios, L.L.C. (together, the "D. E. Shaw group")
and CR Intrinsic Investors, LLC today announced that PROXY Governance, Inc.
recommends that Orient-Express Hotels Ltd. (NYSE: OEH) shareholders vote the
GREEN proxy card FOR both proposals submitted by the Requisitioning Shareholders
for the Special General Meeting to be held on October 10, 2008.

Last week, two other independent proxy advisory services, RiskMetrics Group--ISS
Governance Services and Egan-Jones Proxy Services, also recommended that
Orient-Express shareholders vote FOR both proposals. The recommendations of
these three firms are relied upon by hundreds of major institutional investment
firms, mutual funds and other investment fiduciaries.

The Requisitioning Shareholders seek to (i) amend the Orient-Express Bye-laws so
that any shares owned by the Company or its subsidiaries would be treated as
non-voting treasury shares, and (ii) eliminate the Class B shares currently held
by the Company.

In recommending that Orient-Express shareholders vote FOR both proposals, PROXY
Governance stated:

     "[I]t is difficult to understand how allowing the board the broad authority
     to dictate the outcome of all shareholder votes - including the election of
     directors, and regardless of whether the vote at hand is related to a
     coercive or unfair offers to acquire the company - is in the best interests
     of shareholders.... One need not demonstrate that the circular ownership
     structure has resulted in poor corporate performance to recognize that it
     creates an inherently conflicted governance arrangement, is more likely to
     estrange a board from shareholders than make it accountable, and is very
     likely to be a cure far worse than the purported disease it might remedy."





In its report, PROXY Governance concluded:

     "We find no reason to believe that giving the company dictatorial control
     over every shareholder vote ... is a uniquely effective means of protecting
     shareholders from anything other than the exercise of their ownership
     rights in the company.

     Because the structure creates an inherently conflicted governance
     arrangement more likely to estrange a board from shareholders than make it
     accountable, we believe shareholders would be better served by voting for
     the proposal to eliminate the circular voting structure created by
     company's ownership of its Class B shares."

The D. E. Shaw group and CR Intrinsic Investors strongly encourage
Orient-Express shareholders to sign, date and return the GREEN proxy card and
vote FOR both proposals today. Shareholders with questions about how to vote
their shares may call Innisfree M&A Incorporated toll-free at 1-888-750-5834.
Banks and Brokers may call collect at 1-212-750-5833.

D. E. Shaw Valance Portfolios, L.L.C., D. E. Shaw Oculus Portfolios, L.L.C., CR
Intrinsic Investments, LLC and CR Intrinsic Investors, LLC are referred to
collectively as the "Requisitioning Shareholders." Permission to use quotations
from the PROXY Governance report was neither sought nor obtained. The
Requisitioning Shareholders previously filed their definitive proxy statement as
an attachment to their respective filings on Schedule 13D, and mailed the proxy
statement and GREEN proxy card to shareholders. Shareholders are strongly
advised to read the proxy statement and other related documents, as they contain
important information. Copies of the proxy statement are available free of
charge on the SEC's website at http://www.sec.gov or by contacting Innisfree M&A
Incorporated by telephone at 888-750-5834 or by email at info@innisfreema.com.


Shareholder Contacts:
Innisfree M&A Incorporated
Scott Winter / Michael Brinn
+1 212 750 5833