J.P.Morgan Investment Banking Pitch Book

PUBLIC MARKET OVERVIEW Share price performance Historical price performance $80 70 60 50 40 30 20 10 0 1/1/01 Cumulative share price return Kerzner JPMorgan 3 month 6 month 1 year 2 year 5 year Full period 0.9% 22.2% 10.8% 51.9% 212.7% 196.3% 11/13/01 Peer group 13.5% 14.5% 9.1% 66.5% 137.4% 137.8% 9/26/02 Kerzner 8/9/03 Peer Index 6/21/04 5/4/05 Kerzner $70.36 +196.3% Peers +137.8% католик 3/17/06 Source: Tradeline as of 3/17/06 Note: Peer index (simple weighted) has been indexed to Kerzner price, includes MGM Mirage, Harrah's Entertainment, Wynn Resorts, Las Vegas Sands, Orient-Express Hotels, Gaylord Entertainment, Starwood Hotels & Resorts and Hilton Hotels PROJECT PLATO 5

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