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October 20, 2005

Sea Containers suspends dividends

Sea Containers Ltd. (NYSE: SCRA and SCRB) today announced suspension of quarterly cash dividends on the company's Class A and Class B common shares.

Sea Containers says it is planning major changes to its ferry operations, which it says will be announced "soon."

Suspension of dividends will be part of the plan, starting with the cash dividends ordinarily payable in November 2005.

Sea Containers' ferry operation include Silja, Hoverspeed and Aegean Speed Lines in Europe and Seastreak in the U.S,