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For Immediate Release
Contact: Melinda M. Bascone
Director of Marketing
Carter Ledyard & Milburn LLP
212-238-8753
info@clm.com

CARTER, LEDYARD & MILBURN HANDLES ORIENT-EXPRESS HOTELS LTD. INITIAL PUBLIC OFFERING

NEW YORK, August 10, 2000 - Wall Street law firm Carter, Ledyard & Milburn announced today that it represented long time client Sea Containers Ltd. in connection with the initial public offering of Orient-Express Hotels Ltd., its wholly-owned leisure business subsidiary. Orient-Express Hotels began trading today on the New York Stock Exchange under the ticker symbol OEH. Orient-Express Hotels (www.orient-expresshotels.com and www.orient-expresstrains.com ) owns and operates 26 hotels (including the Hotel Cipriani in Venice), two restaurants ('21' Club in New York City and Harry's Bar in London), six tourist trains (including the luxury Venice Simplon-Orient-Express) and a cruise ship.

The Carter, Ledyard & Milburn working group for the transaction was led by corporate counsel Stephen Burger and included corporate partners Vincent Monte-Sano, Richard Pierson and John Whelan, tax partner Howard Barnet, corporate counsel Andris Vizbaras, and associates Peter Flägel, Richard Horne, Trygve Kjellsen and Anna Maria Vistica.

Individuals from Sea Containers' legal department who were involved in the filing included general counsel (and Carter, Ledyard alumnus) Ned Hetherington, counsel Jack Landry and consulting counsel (and Carter, Ledyard alumnus) Roz Krakauer.

Sea Containers Ltd. (NYSE: SCRA and SCRB) is a Bermuda registered company with regional operating offices in London and throughout the world. Sea Containers is a market leader in its three main businesses: passenger transport, hotel and leisure operations, and marine container leasing. Sea Containers also has several enterprises that support its main divisions, including property development and management, fruit farming in Brazil and the Ivory Coast, publishing and the operation of a UK-based business travel agency. Further information about Sea Containers may be found at www.seacontainers.com.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.

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