Exhibit 99(1)

FROM:	Kerzner International Limited
	The Bahamas
	Investor Contact: Omar Palacios
	Tel: +1.242.363.6016

FOR IMMEDIATE RELEASE

KERZNER ANNOUNCES
EXERCISE OF OPTION TO PURCHASE ADDITIONAL
CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2024

PARADISE ISLAND, The Bahamas, April 21, 2004 – Kerzner International Limited (NYSE: KZL) (the “Company”) today announced that the initial purchasers of its private offering of 2.375% Convertible Senior Subordinated Notes Due 2024 (“Convertible Notes”) have exercised their right to purchase an additional $30 million of Convertible Notes. The transaction is expected to close on April 26, 2004, subject to the satisfaction of customary closing conditions.

The Convertible Notes are unsecured senior subordinated obligations of the Company and will be convertible under certain circumstances into a combination of cash and Ordinary Shares of the Company at a fixed conversion ratio of 17.1703 Ordinary Shares per $1,000 principal amount of Convertible Notes. In general, upon conversion of a Convertible Note, the holder of such note will receive cash equal to the $1,000 principal amount of the note and Ordinary Shares of the Company for the note’s conversion value in excess of such principal amount.

As previously announced, the Company intends to use the net proceeds from the private offering to fund future capital expenditures which may include, among other things, development costs for the Phase III expansion on Paradise Island, the Company’s equity investment in Atlantis, The Palm in Dubai and for general corporate purposes.

The Convertible Notes are being sold only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended. The Convertible Notes and the underlying Ordinary Shares issuable upon conversion have not been registered under the Securities Act or any applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the securities to be offered.

This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, which are described in the Company’s public filings with the Securities Exchange Commission.