SC 13E3/A 1 y22908a2sc13e3za.htm AMENDMENT NO. 2 TO SCHEDULE 13E-3 AMENDMENT NO. 2 TO SCHEDULE 13E-3
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13E-3
(Amendment No. 2)
RULE 13e-3 TRANSACTION STATEMENT
UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934
Kerzner International Limited
 
(Name of the Issuer)
Kerzner International Limited
K-Two Holdco Limited
K-Two SubCo Limited
Solomon Kerzner
Howard B. Kerzner
Istithmar PJSC
World Leisure Group Limited
Whitehall Street Global Real Estate Limited Partnership 2005
Colony Investors VII, L.P.
Providence Equity Offshore Partners V L.P.
The Related Companies, L.P.
 
(Names of Persons Filing Statement)
Ordinary Shares, par value $0.001 per share
 
(Title of Class of Securities)
P8797T13
 
(CUSIP Number of Class of Securities)
Richard M. Levine
Executive Vice President and General Counsel
Kerzner International Limited
Coral Towers
Paradise Island, The Bahamas
(242) 363-6000
 
(Name, Address and Telephone Number of Persons Authorized to
Receive Notices and Communications on Behalf of Filing Person)
Copies to:
Sarkis Jebejian, Esq.
Cravath, Swaine & Moore LLP
825 Eighth Avenue
New York, New York 10019
(212) 474-1000
             
This statement is filed in connection with (check the appropriate box):
 
  a.   o   The filing of solicitation materials or an information statement subject to Regulation 14A (§§ 240.14a-1 through 240.14b-2), Regulation 14C (§§ 240.14c-1 through 240.14c-101) or Rule 13e-3(c) (§ 240.13e-3(c)) under the Securities Exchange Act of 1934 (“the Act”).
 
  b.   o   The filing of a registration statement under the Securities Act of 1933.
 
  c.   o   A tender offer.
 
  d.   þ   None of the above.
Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: o
Check the following box if the filing is a final amendment reporting results of the transaction: o
Calculation of Filing Fee
               
 
  Transaction Valuation*     Amount of Filing Fee**  
 
$3,181,068,361.78
   $ 340,374.31    
 
*   Calculated solely for purposes of computing the filing fee in accordance with Rule 0-11(b)(1) under the Securities Exchange Act of 1934, as amended. Determined by adding (i) the product of 36,715,767, the number of ordinary shares of Kerzner International outstanding as of May 18, 2006, and $81.00, the price to be paid per share in the proposed merger, (ii) the product of 2,526,382 ordinary shares of Kerzner International issuable upon the exercise of options to purchase ordinary shares outstanding as of May 18, 2006 and $45.79 per share in consideration of the cancellation of such options (which is the excess of the merger consideration of $81.00 per share over the weighted average per share exercise price of such options), (iii) the product of 113,000 ordinary shares of Kerzner International subject to stock appreciation rights outstanding as of May 18, 2006 and $13.50 per share in consideration of the cancellation of such stock appreciation rights (which is the excess of the merger consideration of $81.00 per share over the weighted average per share exercise price of such stock appreciation rights) and (iv) the product of 1,109,663 ordinary shares of Kerzner International issuable upon conversion of outstanding convertible notes as of May 18, 2006 and the merger consideration of $81.00 per share.
 
**   The amount of the filing fee, calculated in accordance with Rule 0-11(b) of the Securities Exchange Act of 1934, as amended, and Fee Advisory #5 for Fiscal Year 2006, is equal to 0.0107% of the value of the transaction.
 
þ   Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
 
              Amount Previously Paid: $340,374.31
          Form or Registration No.: Schedule 13E-3
          Filing Party: Kerzner International Limited
          Date Filed: May 24, 2006
 
 
 

 

 

TABLE OF CONTENTS
     
  Summary Term Sheet
  Subject Company Information
  Identity and Background of Filing Person
  Terms of the Transaction
  Past Contacts, Transactions, Negotiations and Agreements
  Purposes of the Transaction and Plans or Proposals
  Purposes, Alternatives, Reasons and Effects
  Fairness of the Transaction
  Reports, Opinions, Appraisals and Negotiations
  Source and Amounts of Funds or Other Consideration
  Interest in Securities of the Subject Company
  The Solicitation or Recommendation
  Financial Statements
  Persons/Assets, Retained, Employed, Compensated or Used
  Additional Information
  Exhibits
  Signature
 EX-99.A.1: PROXY STATEMENT

 

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INTRODUCTION
     This Amendment No. 2 (“Amendment No. 2”) to the Rule 13e-3 Transaction Statement on Schedule 13E-3 filed on May 24, 2006 (the “Original Filing”), and as amended by Amendment No. 1 filed on July 11, 2006 (“Amendment No. 1”), together with the exhibits thereto (as amended, the “Transaction Statement”), is being filed with the Securities and Exchange Commission (the “SEC”) by (1) Kerzner International Limited, a Bahamian international business company (“Kerzner International”), the issuer of ordinary shares, par value $0.001 per share (the “Ordinary Shares”), that is subject to the Rule 13E-3 transaction, (2) K-Two Holdco Limited, a Bahamian international business company (“Buyer”), (3) K-Two Subco Limited, a Bahamian international business company and a wholly-owned subsidiary of Buyer (“Merger Sub”), (4) Solomon Kerzner, an individual, the Chairman of Kerzner International, (5) Howard B. Kerzner, an individual, the Chief Executive Officer of Kerzner International, (6) Istithmar PJSC, a public joint stock company organized under the laws of Dubai (“Istithmar”), (7) World Leisure Group Limited, a British Virgin Islands holding company (“WLG”), (8) Whitehall Street Global Real Estate Limited Partnership 2005, a Delaware limited partnership (“Whitehall”), (9) Colony Investors VII, L.P., a Delaware limited partnership (“Colony”), (10) Providence Equity Offshore Partners V L.P., a Cayman Islands exempted limited partnership (“Providence”) and (11) The Related Companies, L.P., a New York limited partnership (“Related” and together with Messrs. Kerzner, Istithmar, WLG, Whitehall, Colony and Providence, the “Investor Group,” and the Investor Group together with Kerzner International, Buyer and Merger Sub, the “Filing Persons”).
     This Amendment No. 2 is being filed pursuant to Rule 13-3(d)(2) to amend the proxy statement filed as Exhibit (a)(1) to the Transaction Statement. For ease of presentation, this Amendment No. 2 amends and restates the Transaction Statement in its entirety.
     Capitalized terms used herein but not defined in this Amendment No. 2 have the meanings given to them in the proxy statement attached as Exhibit (a)(1) to this Amendment No. 2 (including all schedules and annexes thereto, the “Disclosure Document”).
     Pursuant to General Instruction F to Schedule 13E-3, the information contained in the Disclosure Document including all schedules and annexes thereto, is hereby expressly incorporated herein by reference in response to items 1 through 15 of Schedule 13E-3 and is supplemented by the information specifically provided herein.
     Information contained in this Amendment No. 2 concerning any of the Filing Persons has been provided by such Filing Person and no other Filing Person, including Kerzner International, takes responsibility for the accuracy of any information not supplied by such Filing Person.
     The filing of this Amendment No. 2 shall not be construed as an admission by any Filing Person or by any affiliate of a Filing Person, that Kerzner International is “controlled” by any Filing Person, or that any Filing Person is an “affiliate” of Kerzner International within the meaning of Rule 13e-3 under Section 13(e) of the Securities Exchange Act of 1934, as amended.
Item 1. Summary Term Sheet (Regulation M-A, Item 1001)
The information set forth in the Disclosure Document under the caption “Summary” is incorporated herein by reference.
Item 2. Subject Company Information (Regulation M-A, Item 1002)
     
(a)
  Name and address. The information set forth in the Disclosure Document under the caption “Summary — Parties to the Proposed Merger — Kerzner International Limited” is incorporated herein by reference. Kerzner International is the issuer of the class of equity securities which is the subject of the Rule 13e-3 transaction.
 
    
(b)
  Securities. The information set forth in the Disclosure Document under the caption “Security Ownership of Certain Beneficial Owners and Management” is incorporated herein by reference.
 
    
(c)
  Trading market and price. The information set forth in the Disclosure Document under the caption “Market Price and Dividend Data” is incorporated herein by reference.
 
    
(d)
  Dividends. The information set forth in the Disclosure Document under the caption “Market Price and Dividend Data” is incorporated herein by reference.
 
    
(e)
  Prior public offerings. Not applicable.
 
    
(f)
  Prior stock purchases. The information set forth in the Disclosure Document under the caption “Transactions in Ordinary Shares” is incorporated herein by reference.

 

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Item 3. Identity and Background Of Filing Person (Regulation M-A, Item 1003)
     
(a)
  Name and address. The information set forth in the Disclosure Document under the caption “Information Regarding Transaction Participants” is incorporated herein by reference.
 
    
(b)
  Business and background of entities. The information set forth in the Disclosure Document under the caption “Information Regarding Transaction Participants” is incorporated herein by reference.
 
    
(c)
  Business and background of natural persons. The information set forth in the Disclosure Document under the caption “Information Regarding Transaction Participants” is incorporated herein by reference.
Item 4. Terms of the Transaction (Regulation M-A, Item 1004)
     
(a)(1)
  Tender offers. Not applicable.
 
    
(a)(2)
  Mergers and similar transactions. The information set forth in the Disclosure Document under the captions “Special Factors”, “The Extraordinary General Meeting of Shareholders”, “The Merger Agreement” and “Material U.S. Federal Income Tax Consequences” is incorporated herein by reference.
     
(c)
  Different terms. The information set forth in the Disclosure Document under the captions “Special Factors — Interests of Our Directors and Executive Officers in the Proposed Merger” and “Special Factors — Other Agreements Involving Kerzner International’s Securities” is incorporated herein by reference.
 
    
(d)
  Appraisal rights. The information set forth in the Disclosure Document under the captions “The Merger Agreement — Shareholders’ Dissenters’ Rights” and “Dissenters’ Rights” and in Annex D to the Disclosure Document is incorporated herein by reference.
 
    
(e)
  Provisions for unaffiliated security holders. The information set forth in the Disclosure Document under the caption “Provisions for Unaffiliated Security Holders” is incorporated herein by reference.
 
    
(f)
  Eligibility for listing or trading. Not Applicable.
Item 5. Past Contacts, Transactions, Negotiations and Agreements (Regulation M-A, Item 1005)
     
(a)
  Transactions. The information set forth in the Disclosure Document under the captions “Transactions in Ordinary Shares” and “Special Factors — Interests of Our Directors and Executive Officers in the Proposed Merger” is incorporated herein by reference.
 
    
(b)-(c)
  Significant corporate events, Negotiations or contacts. The information set forth in the Disclosure Document under the caption “Special Factors — Background of the Proposed Merger” is incorporated herein by reference.
 
    
(e)
  Agreements involving the subject company’s securities. The information set forth in the Disclosure Document under the captions “Special Factors — The Voting Agreement”, “Special Factors — Other Agreements Involving Kerzner International’s Securities”, “The Merger Agreement”, “Transactions in Ordinary Shares” and in Annex A to this Amendment No. 2 is incorporated herein by reference.

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Item 6. Purposes of the Transaction and Plans or Proposals (Regulation M-A, Item 1006)
     
(b)
  Use of securities acquired. The information set forth in the Disclosure Document under the captions “Special Factors — Effects of the Proposed Merger on Kerzner International” and “The Merger Agreement — Merger Consideration” is incorporated herein by reference.
 
    
(c)(1)-(8)
  Plans. The information set forth in the Disclosure Document under the captions “Special Factors — Background of the Proposed Merger”, “Special Factors — Effects of the Proposed Merger on Kerzner International”, “Special Factors — Plans for Kerzner International After the Merger” and “The Merger Agreement” is incorporated herein by reference.
Item 7. Purposes, Alternatives, Reasons and Effects (Regulation M-A Item 1013)
     
(a)
  Purposes. The information set forth in the Disclosure Document under the caption “Special Factors — The Investor Group’s Purpose and Reasons for the Merger” is incorporated herein by reference.
 
    
(b)-(c)
  Alternatives; Reasons. The information set forth in the Disclosure Document under the captions “Special Factors — Background of the Proposed Merger”, “Special Factors — Reasons for the Proposed Merger and Recommendation of Kerzner International’s Board of Directors”, “Special Factors — Position of the Investor Group as to Fairness of the Proposed Merger” and “Special Factors — Position of Buyer and Merger Sub as to Fairness of the Proposed Merger” is incorporated herein by reference.
 
    
(d)
  Effects. The information set forth in the Disclosure Document under the captions “Special Factors — Reasons for the Proposed Merger and Recommendation of Kerzner International’s Board of Directors”, “Special Factors — Effects of the Proposed Merger on Kerzner International”, “Special Factors — Plans for Kerzner International After the Merger”, “Special Factors — Effects on Kerzner International if the Proposed Merger is Not Completed”, “Special Factors — Interests of Our Directors and Executive Officers in the Proposed Merger”, “Material U.S. Federal Income Tax Consequences”, “Certain Bahamian Tax Considerations” and “The Merger Agreement” is incorporated herein by reference.
Item 8. Fairness of the Transaction (Regulation M-A Item 1014)
     
(a)-(b)
  Fairness; Factors considered in determining fairness. The information set forth in the Disclosure Document under the captions “Special Factors — Background of the Proposed Merger”, “Special Factors — Reasons for the Proposed Merger and Recommendation of Kerzner International’s Board of Directors”, “Special Factors — Position of the Investor Group as to Fairness of the Proposed Merger”, “Special Factors — Position of Buyer and Merger Sub as to Fairness of the Proposed Merger”, “Special Factors — Opinion of the Special Committee’s Financial Advisor” and “Special Factors — Interests of Our Directors and Executive Officers in the Proposed Merger” is incorporated herein by reference.
     
(c)
  Approval of security holders. The information set forth in the Proxy Statement under the caption “The Extraordinary General Meeting of Shareholders — Vote Required” is incorporated herein by reference.
 
    
(d)
  Unaffiliated representative. The information set forth in the Disclosure Document under the captions “Special Factors — Background of the Proposed Merger”, “Special Factors — Reasons for the Proposed Merger and Recommendation of Kerzner International’s Board of Directors” and “Special Factors — Opinion of the Special Committee’s Financial Advisor” is incorporated herein by reference.
 
    
(e)
  Approval of directors. The information set forth in the Disclosure Document under the captions “Special Factors — Background of the Proposed Merger” and “Special Factors — Reasons for

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  the Proposed Merger and Recommendation of Kerzner International’s Board of Directors” is incorporated herein by reference.
 
    
(f)
  Other offers. The information set forth in the Disclosure Document under the captions “Special Factors — Background of the Proposed Merger” and “Special Factors — Reasons for the Proposed Merger and Recommendation of Kerzner International’s Board of Directors” is incorporated herein by reference.
Item 9. Reports, Opinions, Appraisals and Negotiations (Regulation M-A Item 1015)
     
(a)
  Report, opinions or appraisal. The information set forth in the Disclosure Document under the captions “Special Factors — Background of the Proposed Merger”, “Special Factors — Opinion of the Special Committee’s Financial Advisor,” “Special Factors — Presentations of Deutsche Bank Securities Inc. to the Investor Group” and “Presentation of Groton Partners LLC to the Investor Group” is incorporated herein by reference.
 
    
(b)
  Preparer and summary of the report, opinion or appraisal. The information set forth in the Disclosure Document under the caption “Special Factors — Opinion of the Special Committee’s Financial Advisor,” “ Special Factors — Presentations of Deutsche Bank Securities Inc. to the Investor Group” and “Presentation of Groton Partners LLC to the Investor Group” is incorporated herein by reference.
 
    
(c)
  Availability of documents. The information set forth in the Disclosure Document under the caption “Special Factors — Opinion of the Special Committee’s Financial Advisor,” “Special Factors — Presentations of Deutsche Bank Securities Inc. to the Investor Group” and “ Presentation of Proton Partners LLC to the Investor Group” is incorporated herein by reference. The opinions and presentations prepared by the special committee’s financial advisor are also attached hereto as exhibits (c)(1)-(8), which exhibits are incorporated herein by reference. The presentations prepared by the Investor Group’s financial advisors are attached hereto as Exhibits (c)(9), (c)(10) and (c)(11).
Item 10. Source and Amounts of Funds or Other Consideration (Regulation M-A Item 1007)
     
(a)-(b), (d)
  Source of funds; Conditions. The information set forth in the Disclosure Document under the caption “Special Factors — Financing for the Proposed Merger” is incorporated herein by reference.
 
    
(c)
  Expenses. The information set forth in the Disclosure Document under the caption “Special Factors — Fees and Expenses” is incorporated herein by reference.
Item 11. Interest in Securities of the Subject Company (Regulation M-A Item 1008)
     
(a)
  Securities ownership. The information set forth in the Disclosure Document under the caption “Security Ownership of Certain Beneficial Owners and Management” is incorporated herein by reference.
 
    
(b)
  Securities transactions. The information set forth in the Disclosure Document under the caption “Transactions in Ordinary Shares” and in Annex A attached hereto is incorporated herein by reference.
Item 12. The Solicitation or Recommendation (Regulation M-A Item 1012)
     
(d)
  Intent to tender or vote in a going private transaction. The information set forth in the Disclosure Document under the caption “The Extraordinary General Meeting of Shareholders—Vote Required” is incorporated herein by reference.
 
    
(e)
  Recommendation of others. The information set forth in the Disclosure Document under the captions “Special Factors —Reasons for the Proposed Merger and Recommendation of Kerzner International’s Board of Directors”, “Special Factors — Position of the Investor Group as to Fairness of the Proposed Merger” and “Special Factors — Position of Buyer and Merger Sub as to Fairness of the Proposed Merger” is incorporated herein by reference.

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Item 13. Financial Statements (Regulation M-A Item 1010)
     
(a)
  Financial Information. The audited financial statements of Kerzner International Limited for the years ending December 31, 2005 and 2004 are incorporated herein by reference to Kerzner International Limited’s Form 20-F for the year ended December 31, 2005 filed on March 31, 2006 (see page F-1 and following pages).
 
    
 
  The information set forth in the Disclosure Document under the captions “Summarized Financial Information” and “Ratio of Earnings to Fixed Charges” is incorporated herein by reference.
 
    
 
  The information set forth in the Disclosure Document under the heading “Where You Can Find More Information” is incorporated herein by reference.
 
    
(b)
  Proforma information. Not applicable.
Item 14. Persons/Assets, Retained, Employed, Compensated or Used (Regulation M-A Item 1009)
     
(a)
  Solicitations and recommendations. The information set forth in the Disclosure Document under the caption “The Extraordinary General Meeting of Shareholders — Solicitation of Proxies” is incorporated herein by reference.
 
    
(b)
  Employees and corporate assets. The information set forth in the Disclosure Document under the caption “Information Regarding Transaction Participants” is incorporated by reference herein.
Item 15. Additional Information (Regulation M-A Item 1011)
     
(b)
  Other material information. The information set forth in the Disclosure Document and annexes thereto is incorporated herein by reference.
Item 16. Exhibits (Regulation M-A Item 1016)
     
(a)(1)
  Proxy Statement of Kerzner International Limited, dated July 18, 2006 (the “Disclosure Document”).
 
    
(a)(2)
  Press Release dated March 20, 2006 (incorporated by reference to Exhibit 99.1 to the Report on Form 6-K filed by Kerzner International Limited on March 20, 2006).
 
    
(a)(3)
  Press Release dated May 1, 2006 (incorporated by reference to Exhibit 99.1 to the Report on Form 6-K filed by Kerzner International Limited on May 1, 2006).
 
    
(b)(1)
  CMBS Financing Commitment Letter dated as of June 30, 2006, by and among Column Financial, Inc., German American Capital Corporation and K-Two Holdco Limited (incorporated by reference to Amendment No. 1).
 
    
(b)(2)
  Senior Secured Financing Commitment Letter dated as of June 30, 2006, by and among Credit Suisse Securities (USA) LLC, Credit Suisse, Cayman Islands Branch, Deutsche Bank AG - Cayman Islands Branch, Deutsche Bank Securities Inc. and K-Two Holdco Limited (incorporated by reference to Amendment No. 1).
 
    
(c)(1)
  Opinion of J.P. Morgan Securities Inc. dated March 20, 2006 (incorporated by reference to the Original Filing).
 
    
(c)(2)
  Opinion of J.P. Morgan Securities Inc. dated April 30, 2006 (included as Annex C to the Disclosure Document).
 
    
(c)(3)
  Materials presented by J.P. Morgan Securities Inc. to the Special Committee of the Kerzner International Limited Board of Directors on February 21, 2006 (incorporated by reference to the Original Filing).

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(c)(4)
  Materials presented by J.P. Morgan Securities Inc. to the Special Committee of the Kerzner International Limited Board of Directors on February 27, 2006 (incorporated by reference to the Original Filing).
 
    
(c)(5)
  Valuation discussion materials presented by J.P. Morgan Securities Inc. to the Special Committee of the Kerzner International Limited Board of Directors on March 8, 2006 (incorporated by reference to the Original Filing).
 
    
(c)(6)
  Valuation discussion materials presented by J.P. Morgan Securities Inc. to the Special Committee of the Kerzner International Limited Board of Directors on March 20, 2006 (incorporated by reference to the Original Filing).
 
    
(c)(7)
  Recapitalization analysis materials presented by J.P. Morgan Securities Inc. to the Special Committee of the Kerzner International Limited Board of Directors on April 26, 2006 (incorporated by reference to the Original Filing).
 
    
(c)(8)
  Valuation discussion materials presented by J.P. Morgan Securities Inc. to the Special Committee of the Kerzner International Limited Board of Directors on April 29, 2005 (incorporated by reference to the Original Filing).
 
    
(c)(9)
  Presentation materials presented by Deutsche Bank Securities Inc. to members of the Investor Group on March 10, 2006 (incorporated by reference to Amendment No. 1).
 
    
(c)10)
  Presentation materials presented by Deutsche Bank Securities Inc. to World Leisure Group Limited on February 16, 2006 (incorporated by reference to Amendment No. 1).
 
    
(c)(11)
  Presentation materials presented by Groton Partners LLC to members of the Investor Group in March 2006 (incorporated by reference to Amendment No. 1).
 
    
(d)(1)
  Amended and Restated Agreement and Plan of Merger, dated April 30, 2006, by and among Kerzner International Limited,
K-Two Holdco Limited and K-Two Subco Limited (included as Annex A to the Disclosure Document).
 
    
(d)(2)
  Voting Agreement, dated as of April 30, 2006, by and among Kerzner International Limited, Solomon Kerzner, Howard B. Kerzner, World Leisure Group Limited and Istithmar PJSC (included as Annex B to the Disclosure Document).
 
    
(d)(3)
  Registration Rights and Governance Agreement, dated July 3, 2001, by and among Kerzner International Limited, Sun International Investments Limited, World Leisure Group Limited, Kersaf Investments Limited, Caledonia Investments PLC, Mangalitsa Limited, Cement Merchants SA, Rosegrove Limited, Royale Resorts Holdings Limited and Sun International Inc. (incorporated by reference to Exhibit C to Schedule 13D of Mangalitsa Limited with respect to Kerzner International Limited filed on July 13, 2001, File No. 005-48645).
 
    
(d)(4)
  Amendment No. 1 to Registration Rights and Governance Agreement, dated as of June 28, 2002, by and among Sun International Hotels Limited, World License Group Limited, Kersaf Investments Limited, Caledonia Investments PLC and Cement Merchants SA (incorporated by reference to the Original Filing).
 
    
(d)(5)
  Irrevocable Proxy Agreement dated as of July 3, 2001, by and among Kerzner International Limited, Sun International Investments Limited, World License Group Limited, Kersaf Investments Limited, Caledonia Investments PLC, Mangalitsa Limited, Cement Merchants SA, Rosegrove Limited, Royale Resorts Holdings Limited and Sun International Inc. (incorporated by reference to Exhibit B to Schedule 13D of Mangalitsa Limited with respect to Kerzner International Limited, filed on July 13, 2001, File No. 005-48645).
 
    
(d)(6)
  Restricted Stock Agreement dated as of August 4, 2005 between Kerzner International Limited and Howard B. Kerzner (incorporated by reference to Exhibit 4.1 to Form 6-K of Kerzner International, filed on August 5, 2005).
 
    
(d)(7)
  Corporate Governance Agreement, dated August 10, 2004 between Kerzner International Limited and Istithmar PJSC (incorporated by reference to Exhibit 4 to Schedule 13D/A of Istithmar PJSC with respect to Kerzner International Limited, filed on August 10, 2004).

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(d)(8)
  Registration Rights Agreement, dated as of August 10, 2004, by and between Istithmar PJSC and Kerzner International Limited (incorporated by reference to Exhibit 5 to Schedule 13D/A of Istithmar PJSC with respect to Kerzner International Limited, filed on August 10, 2004).
 
    
(d)(9)
  Letter Agreement, dated as of August 10, 2004, by and between Istithmar PJSC, Kerzner International Limited, Caledonia Investments PLC, Cement Merchants S.A. and World Leisure Group Limited (incorporated by reference to Exhibit 7 to Schedule 13D/A of Istithmar PJSC with respect to Kerzner International Limited, filed on August 10, 2004).
 
    
(d)(10)
  Form of Non-Qualified Stock Option Agreement between Kerzner International Limited and Optionee pursuant to the Kerzner International Limited 2003 Stock Incentive Plan (incorporated by reference to the Original Filing).
 
    
(d)(11)
  Form of Stock Appreciation Right Award Agreement between Kerzner International Limited and Employee Grantee pursuant to the Kerzner International Limited 2005 Stock Incentive Plan (incorporated by reference to the Original Filing).
 
    
(d)(12)
  Form of Restricted Stock Unit Agreement between Kerzner International Limited and Grantee for Non-Employee Directors pursuant to the Kerzner International Limited 2005 Stock Incentive Plan (incorporated by reference to the Original Filing).
 
    
(d)(13)
  Form of Restricted Stock Unit Agreement between Kerzner International Limited and Grantee pursuant to the Kerzner International Limited 2003 Stock Incentive Plan (incorporated by reference to the Original Filing).
 
    
(d)(14)
  Form of Restricted Stock Award Agreement between Kerzner International Limited and Non-Employee Director Grantee pursuant to the Kerzner International Limited 2005 Stock Incentive Plan (incorporated by reference to the Original Filing).
 
    
(d)(15)
  Form of Restricted Stock Award Agreement between Kerzner International Limited and Employee Grantee pursuant to the Kerzner International Limited 2005 Stock Incentive Plan (incorporated by reference to the Original Filing).
 
    
(d)(16)
  Form of Restricted Stock Award Agreement between Kerzner International Limited and Grantee pursuant to the Kerzner International Limited 2003 Stock Incentive Plan (incorporated by reference to the Original Filing).
 
    
(d)(17)
  Rollover Commitment Letter, dated as of April 30, 2006, between Istithmar PJSC and K-Two Holdco Limited (incorporated by reference to Exhibit 15 to Schedule 13D/A of Istithmar PSJC with respect to Kerzner International Limited, filed on May 2, 2006).
 
    
(d)(18)
  Rollover Commitment Letter, dated as of April 30, 2006, between World Leisure Group Limited, Solomon Kerzner, Howard B. Kerzner and K-Two Holdco Limited (incorporated by reference to Exhibit N to Schedule 13D/A of Solomon Kerzner with respect to Kerzner International Limited, filed on May 2, 2006).
 
    
(f)
  Section 83 of the International Business Companies Act, 2000 of the Commonwealth of The Bahamas (included as Annex D to the Disclosure Document).
 
    
(g)
  Not applicable.

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SIGNATURE
     After due inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
         
    KERZNER INTERNATIONAL LIMITED,
 
        
 
  by   /s/  Eric Siegel
 
       
 
      Name:  Eric Siegel
Title:    Chairman of the Special Committee
 
        
    K-TWO HOLDCO LIMITED,
 
        
 
  by   /s/  Howard B. Kerzner
 
       
 
      Name:  Howard B. Kerzner
Title:    President
 
        
    K-TWO SUBCO LIMITED,
 
        
 
  by   /s/  Howard B. Kerzner
 
       
 
      Name:  Howard B. Kerzner
Title:    President
 
        
    SOLOMON KERZNER,
 
        
 
  by   /s/  Solomon Kerzner
 
       
 
      Name:  Solomon Kerzner
 
        
    HOWARD B. KERZNER,
 
        
 
  by   /s/  Howard B. Kerzner
 
       
 
      Name:  Howard B. Kerzner
 
        
    ISTITHMAR PJSC,
 
        
 
  by   /s/ David Jackson
 
       
 
      Name:  David Jackson
 
      Title:    Chief Executive Officer
 
        
    WORLD LEISURE GROUP LIMITED,

by Montblanc (Directors) Limited, Sole Corporate Director
 
        
 
  by   /s/  Ian Christopher Crosby
 
       
 
      Name:  Ian Christopher Crosby
 
        
 
      /s/  Cora Binchy
 
       
 
      Name:  Cora Binchy
 
        
    WHITEHALL STREET GLOBAL REAL
ESTATE LIMITED PARTNERSHIP 2005
 
        
 
  By:   WH Advisors, L.L.C. 2005,
General Partner
       
 
        
 
  By:   /s/ Jonathan Langer
 
       
 
      Name:  Jonathan Langer
 
      Title:  Vice President
 
        
    COLONY INVESTORS VII, L.P.
 
        
 
  By:   Colony Capital VII, L.P., general
partner
 
       
 
        
 
  By:   Colony GP VII, LLC, general partner
 
       
 
        
 
  By:   /s/ Ronald M. Sanders
 
       
 
      Name:  Ronald M. Sanders
 
      Title:  Vice President
 
        
    PROVIDENCE EQUITY OFFSHORE
PARTNERS V L.P.
 
        
 
  By:   Providence Equity Offshore GP V L.P.,
its general partner
 
        
 
  By:   Providence Equity Partners (Cayman) V
Ltd., its general partner
 
        
 
  By:   /s/ Julie G. Richardson
 
       
 
      Name:  Julie G. Richardson
 
      Title:  Authorized Signatory
 
        
    THE RELATED COMPANIES, L.P.
 
        
 
  By:   Related Realty Group, Inc.
 
        
 
  By:   /s/ Michael J. Brenner
 
       
 
      Name:  Michael J. Brenner
 
      Title:  Executive Vice President
Dated: July 18, 2006

8

Table of Contents

Annex A
     The following schedule lists transactions effected during the period of May 6, 2006 through July 14, 2006 in Ordinary Shares. The transactions described therein were effected on the New York Stock Exchange or the over-the-counter market in the ordinary course of business of Goldman, Sachs & Co. or another wholly-owned broker or dealer subsidiary of The Goldman Sachs Group, Inc.
                         
Purchase (P) / Sale (S)   Quantity   Price   Trade Date   Settlement Date
P
    400       79.810     May 8, 2006   May 11, 2006
P
    400       79.815     May 8, 2006   May 11, 2006
S
    400       79.815     May 8, 2006   May 11, 2006
P
    400       79.815     May 8, 2006   May 11, 2006
S
    400       79.815     May 8, 2006   May 11, 2006
S
    400       79.815     May 8, 2006   May 11, 2006
P
    400       79.815     May 8, 2006   May 11, 2006
S
    100       79.880     May 8, 2006   May 11, 2006
S
    100       79.630     May 11, 2006   May 16, 2006
S
    100       79.640     May 11, 2006   May 16, 2006
S
    100       79.610     May 12, 2006   May 17, 2006
S
    100       79.630     May 12, 2006   May 17, 2006
S
    100       79.620     May 12, 2006   May 17, 2006
S
    100       79.620     May 12, 2006   May 17, 2006
S
    100       79.620     May 12, 2006   May 17, 2006
S
    100       79.630     May 12, 2006   May 17, 2006
S
    100       79.630     May 12, 2006   May 17, 2006
S
    100       79.640     May 12, 2006   May 17, 2006
S
    100       79.640     May 12, 2006   May 17, 2006
S
    100       79.610     May 12, 2006   May 17, 2006
S
    100       79.610     May 12, 2006   May 17, 2006
S
    100       79.610     May 12, 2006   May 17, 2006
S
    100       79.600     May 12, 2006   May 17, 2006
S
    100       79.600     May 12, 2006   May 17, 2006
S
    100       79.610     May 12, 2006   May 17, 2006

 

Table of Contents

                         
Purchase (P) / Sale (S)   Quantity   Price   Trade Date   Settlement Date
S
    100       79.610     May 12, 2006   May 17, 2006
S
    100       79.620     May 12, 2006   May 17, 2006
S
    98       79.700     May 12, 2006   May 17, 2006
P
    100       79.520     May 17, 2006   May 22, 2006
P
    100       79.650     May 17, 2006   May 22, 2006
P
    100       79.640     May 17, 2006   May 22, 2006
P
    100       79.630     May 17, 2006   May 22, 2006
P
    100       79.590     May 17, 2006   May 22, 2006
S
    20       79.570     May 17, 2006   May 22, 2006
P
    200       79.550     May 17, 2006   May 22, 2006
P
    100       79.570     May 17, 2006   May 22, 2006
P
    300       79.560     May 17, 2006   May 22, 2006
P
    40       79.600     May 17, 2006   May 22, 2006
P
    100       79.560     May 17, 2006   May 22, 2006
P
    100       79.600     May 17, 2006   May 22, 2006
P
    100       79.550     May 17, 2006   May 22, 2006
P
    200       79.590     May 17, 2006   May 22, 2006
P
    100       79.580     May 17, 2006   May 22, 2006
P
    100       79.560     May 17, 2006   May 22, 2006
P
    100       79.550     May 17, 2006   May 22, 2006
P
    100       79.570     May 17, 2006   May 22, 2006
P
    20       79.570     May 17, 2006   May 18, 2006
P
    100       79.560     May 17, 2006   May 22, 2006
S
    40       79.600     May 17, 2006   May 18, 2006
P
    100       79.560     May 17, 2006   May 22, 2006
P
    100       79.650     May 18, 2006   May 23, 2006
P
    300       79.420     May 18, 2006   May 23, 2006
S
    300       79.440     May 18, 2006   May 23, 2006
P
    300       79.440     May 18, 2006   May 23, 2006
S
    300       79.410     May 18, 2006   May 23, 2006
S
    100       79.430     May 22, 2006   May 25, 2006
S
    200       79.420     May 22, 2006   May 25, 2006
S
    400       79.450     May 22, 2006   May 25, 2006
S
    400       79.280     May 22, 2006   May 25, 2006
S
    400       79.290     May 22, 2006   May 25, 2006
S
    300       79.300     May 22, 2006   May 25, 2006
S
    100       79.040     May 22, 2006   May 25, 2006
S
    100       79.210     May 22, 2006   May 25, 2006
S
    100       79.020     May 22, 2006   May 25, 2006
S
    100       79.000     May 22, 2006   May 25, 2006
S
    100       78.920     May 22, 2006   May 25, 2006
S
    200       78.950     May 22, 2006   May 25, 2006
S
    100       78.990     May 22, 2006   May 25, 2006
S
    100       79.080     May 22, 2006   May 25, 2006
S
    100       79.040     May 22, 2006   May 25, 2006
S
    200       79.030     May 22, 2006   May 25, 2006
S
    100       79.060     May 22, 2006   May 25, 2006
S
    200       79.120     May 22, 2006   May 25, 2006

 

Table of Contents

                         
Purchase (P) / Sale (S)   Quantity   Price   Trade Date   Settlement Date
S
    100       79.130     May 22, 2006   May 25, 2006
S
    100       79.110     May 22, 2006   May 25, 2006
S
    200       79.150     May 22, 2006   May 25, 2006
S
    200       79.140     May 22, 2006   May 25, 2006
S
    100       79.270     May 22, 2006   May 25, 2006
S
    100       79.260     May 22, 2006   May 25, 2006
S
    100       79.280     May 22, 2006   May 25, 2006
P
    400       79.280     May 22, 2006   May 25, 2006
S
    100       79.300     May 22, 2006   May 25, 2006
P
    1,000       79.290     May 22, 2006   May 25, 2006
P
    200       79.270     May 22, 2006   May 25, 2006
S
    100       79.290     May 22, 2006   May 25, 2006
P
    100       79.300     May 22, 2006   May 25, 2006
P
    100       79.160     May 22, 2006   May 25, 2006
P
    200       79.170     May 22, 2006   May 25, 2006
P
    100       79.200     May 22, 2006   May 25, 2006
S
    100       79.170     May 22, 2006   May 25, 2006
P
    400       79.180     May 22, 2006   May 25, 2006
S
    100       79.180     May 22, 2006   May 25, 2006
S
    100       79.200     May 22, 2006   May 25, 2006
P
    100       79.190     May 22, 2006   May 25, 2006
P
    200       79.350     May 22, 2006   May 25, 2006
P
    100       79.280     May 22, 2006   May 25, 2006
P
    100       79.340     May 22, 2006   May 25, 2006
P
    100       79.200     May 22, 2006   May 25, 2006
P
    200       79.190     May 22, 2006   May 25, 2006
P
    300       79.260     May 22, 2006   May 25, 2006
S
    100       79.310     May 22, 2006   May 25, 2006
S
    200       79.280     May 22, 2006   May 25, 2006
S
    200       79.230     May 22, 2006   May 25, 2006
S
    200       79.190     May 22, 2006   May 25, 2006
S
    300       79.170     May 22, 2006   May 25, 2006
S
    600       79.160     May 22, 2006   May 25, 2006
S
    200       79.220     May 22, 2006   May 25, 2006
S
    100       79.210     May 22, 2006   May 25, 2006
S
    200       79.140     May 22, 2006   May 25, 2006
S
    200       79.130     May 22, 2006   May 25, 2006
S
    200       79.080     May 22, 2006   May 25, 2006
S
    200       79.100     May 22, 2006   May 25, 2006
S
    100       79.090     May 22, 2006   May 25, 2006
S
    100       79.120     May 22, 2006   May 25, 2006
S
    100       79.110     May 22, 2006   May 25, 2006
S
    200       79.060     May 22, 2006   May 25, 2006
S
    200       79.050     May 22, 2006   May 25, 2006
S
    300       79.030     May 22, 2006   May 25, 2006
S
    300       79.020     May 22, 2006   May 25, 2006
S
    200       79.000     May 22, 2006   May 25, 2006
S
    200       79.000     May 22, 2006   May 25, 2006

 

Table of Contents

                         
Purchase (P) / Sale (S)   Quantity   Price   Trade Date   Settlement Date
S
    300       79.000     May 22, 2006   May 25, 2006
P
    100       79.300     May 22, 2006   May 25, 2006
S
    200       79.400     May 22, 2006   May 25, 2006
S
    200       79.270     May 22, 2006   May 25, 2006
P
    200       79.350     May 23, 2006   May 26, 2006
S
    68       79.400     May 24, 2006   May 30, 2006
P
    68       79.400     May 24, 2006   May 30, 2006
P
    100       79.420     May 24, 2006   May 30, 2006
S
    100       79.280     May 31, 2006   June 5, 2006
S
    100       79.290     May 31, 2006   June 5, 2006
S
    100       79.300     May 31, 2006   June 5, 2006
S
    300       79.290     May 31, 2006   June 5, 2006
S
    200       79.270     May 31, 2006   June 5, 2006
S
    100       79.290     May 31, 2006   June 5, 2006
S
    100       79.270     May 31, 2006   June 5, 2006
S
    200       79.280     May 31, 2006   June 5, 2006
S
    100       79.290     May 31, 2006   June 5, 2006
S
    100       79.280     May 31, 2006   June 5, 2006
P
    100       79.300     June 1, 2006   June 6, 2006
P
    2,800       79.300     June 1, 2006   June 6, 2006
S
    2,800       79.300     June 1, 2006   June 6, 2006
P
    200       79.280     June 1, 2006   June 6, 2006
P
    200       79.280     June 1, 2006   June 6, 2006
P
    100       79.300     June 1, 2006   June 6, 2006
P
    200       79.290     June 1, 2006   June 6, 2006
P
    200       79.290     June 1, 2006   June 6, 2006
P
    200       79.290     June 1, 2006   June 6, 2006
P
    100       79.280     June 1, 2006   June 6, 2006
P
    100       79.280     June 1, 2006   June 6, 2006
S
    100       79.300     June 2, 2006   June 7, 2006
P
    100       79.300     June 2, 2006   June 7, 2006
P
    100       79.310     June 5, 2006   June 8, 2006
P
    100       79.290     June 5, 2006   June 8, 2006
P
    100       79.260     June 5, 2006   June 8, 2006
P
    100       79.270     June 5, 2006   June 8, 2006
P
    200       79.280     June 5, 2006   June 8, 2006
P
    100       79.250     June 5, 2006   June 8, 2006
P
    300       79.270     June 5, 2006   June 8, 2006
P
    200       79.260     June 5, 2006   June 8, 2006
P
    100       79.270     June 5, 2006   June 8, 2006
P
    400       79.260     June 5, 2006   June 8, 2006
P
    200       79.270     June 5, 2006   June 8, 2006
P
    300       79.260     June 5, 2006   June 8, 2006
P
    2,160       79.260     June 5, 2006   June 8, 2006
P
    100       79.260     June 5, 2006   June 8, 2006
S
    2,160       79.258     June 5, 2006   June 8, 2006
P
    100       79.270     June 5, 2006   June 8, 2006
S
    100       79.190     June 9, 2006   June 14, 2006

 

Table of Contents

                         
Purchase (P) / Sale (S)   Quantity   Price   Trade Date   Settlement Date
S
    100       79.210     June 22, 2006   June 27, 2006
S
    400       79.320     June 29, 2006   July 5, 2006
P
    400       79.320     June 29, 2006   June 30, 2006
P
    7,600       79.180     July 3, 2006   July 7, 2006
S
    7,600       79.180     July 3, 2006   July 7, 2006
P
    100       79.100     July 5, 2006   July 10, 2006