BEAR, STEARNS & CO. INC.         DEUTSCHE BANC ALEX. BROWN
245 Park Avenue                  130 Liberty Street, 25th Floor
New York, NY 10167               New York, NY 10006



                        SUN INTERNATIONAL HOTELS LIMITED
                           OFFER TO PURCHASE FOR CASH
                                     UP TO
                    5,000,000 SHARES OF ITS ORDINARY SHARES
                                       AT
                               $24 NET PER SHARE

 THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M.,
 NEW YORK CITY TIME, ON TUESDAY, JULY 25, 2000, UNLESS THE OFFER IS EXTENDED.

                                                                   June 26, 2000

To Brokers, Dealers, Commercial Banks,
    Trust Companies and Nominees:

    We are enclosing herewith the material listed below relating to the offer by
Sun International Hotels Limited, an international corporation organized and
existing under the laws of the Commonwealth of The Bahamas (the "Company"), to
purchase up to 5,000,000 of its outstanding ordinary shares, par value $0.001
per share (the "Shares"), for cash at $24 per Share net to the seller, upon the
terms and subject to the conditions set forth in the Offer to Purchase dated
June 26, 2000, and in the related Letter of Transmittal (which together
constitute the "Offer"). The Company may elect, but is not obligated, to
purchase additional Shares pursuant to the Offer. THE OFFER IS NOT CONDITIONED
UPON ANY MINIMUM NUMBER OF SHARES BEING VALIDLY TENDERED.

    We have been engaged by the Company as Dealer Managers with respect to the
Offer. We are asking you to contact your clients for whom you hold Shares
registered in your name (or in the name of your nominee) or who hold Shares
registered in their own names. Please bring the Offer to their attention as
promptly as possible. No fees or commissions (other than fees to the Dealer
Managers, the Information Agent and the Depositary as described in the Offer)
will be payable to brokers, dealers or other persons for soliciting tenders of
Shares pursuant to the Offer. The Company will, however, upon request, reimburse
you for customary mailing and handling expenses incurred by you in forwarding
any of the enclosed materials to your clients. No stockholder will be required
to pay transfer taxes on the transfer to the Company of Shares purchased
pursuant to the Offer, subject to Instruction 6 of the Letter of Transmittal.

    For your information and for forwarding to your clients we are enclosing the
following documents:

    (1) Offer to Purchase dated June 26, 2000;

    (2) Specimen Letter of Transmittal to be used by holders of Shares to tender
       Shares and for the information of your clients;

    (3) Form of Notice of Guaranteed Delivery;

    (4) Guidelines for Certification of Taxpayer Identification Number on
       Substitute Form W-9;

    (5) Letter which may be sent to your clients for whose accounts you hold
       Shares registered in your name (or in the name of your nominee), with
       space provided for obtaining such clients' instructions with regard to
       the Offer; and

    (6) Return envelope addressed to The Bank of New York, the Depositary.

    WE URGE YOU TO CONTACT YOUR CLIENTS PROMPTLY. PLEASE NOTE THAT THE OFFER,
THE PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK
CITY TIME, ON TUESDAY, JULY 25, 2000, UNLESS EXTENDED.

    Your communications to stockholders with respect to the Offer will
constitute your representation to the Company that (i) in connection with such
communications you have complied with the applicable requirements of the
Securities Exchange Act of 1934, as amended, and the applicable rules and
regulations thereunder; (ii) if a foreign broker or dealer, you have conformed
to the Rules of Fair Practice of the National Association of Securities
Dealers, Inc. in making such communications; and (iii) in connection with such
communications you have not used any offering materials other than those
furnished by the Company.

    The Offer is not being made to (nor will tenders be accepted from or on
behalf of) holders of Shares residing in any jurisdiction in which the making of
the Offer or the acceptance thereof would not be in compliance with securities
or Blue Sky laws of such jurisdiction.

    Additional copies of the enclosed material may be obtained from either of
the undersigned or from D.F. King & Co., Inc., the Information Agent. Any
questions you may have with respect to the Offer should be directed to either of
the undersigned at (877) 439-0508 (call toll free) or (212) 250-8321 (call
collect), respectively.

                                          Very truly yours,

Bear, Stearns & Co. Inc                                Deutsche Banc Alex. Brown

    NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU
OR ANY OTHER PERSON THE AGENT OF THE COMPANY, THE DEALER MANAGERS, THE
INFORMATION AGENT OR THE DEPOSITARY OR AUTHORIZE YOU OR ANY OTHER PERSON TO MAKE
ANY STATEMENTS OR USE ANY MATERIAL ON THEIR BEHALF WITH RESPECT TO THE OFFER,
OTHER THAN THE MATERIALS ENCLOSED HEREWITH AND THE STATEMENTS SPECIFICALLY SET
FORTH IN SUCH MATERIAL.