Orient-Express Hotels and DE Shaw/CR Intrinsic (SAC Capital)

Thursday, January 15, 2009 1:08 PM

HAMILTON, Bermuda, January 15 /PRNewswire-FirstCall/ -- Orient-Express Hotels Ltd. (NYSE: OEH) (http://www.orient-express.com), confirmed that on January 12, 2009 it was served with a petition in Bermuda by DE Shaw and CR Intrinsic (SAC Capital).

The petition alleges, among other things, that the Company's current ownership and voting structure is unlawful under Bermuda law, and that the Board exercised its fiduciary powers for an improper purpose in causing or procuring Orient-Express Holdings 1 to acquire, hold and/or vote Class B shares of Orient-Express Hotels Ltd.

The Company believes that the petition is without merit and intends to defend the action vigorously.

    Contact:
    Martin O'Grady
    Vice President, Chief Financial Officer
    Tel: +44-20-7921-4038
    E: martin.ogrady@orient-express.com
    Pippa Isbell
    Vice President, Corporate Communications
    Tel: +44-20-7921-4065
    E: pippa.isbell@orient-express.com

SOURCE Orient Express Hotels Ltd

(Source: PR Newswire )

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