SOURCE: Sunterra Corporation

June 02, 2005 16:00 ET

Club Sunterra Affiliates New Hampshire Resort

LAS VEGAS, NV -- (MARKET WIRE) -- June 2, 2005 -- Sunterra Corporation's (NASDAQ: SNRR) Club Sunterra announced today that it has affiliated a third New England vacation ownership resort, the Valley Inn Resort, which is located at Waterville Valley in the heart of New Hampshire's 770,000-acre White Mountain National Forest.

Andy Gennuso, President of Sunterra's U.S. marketing arm, said, "This agreement offers our members yet another New England vacation experience, complementing the two Cape Cod affiliations already in place. It exemplifies Club Sunterra's commitment to giving our members the most flexible leisure product in the vacation ownership industry."

The Valley Inn Resort, approximately 70 miles from Manchester and 2 hours from Boston, boasts a heated pool that allows guests to swim from the inside to the outdoors, even when it is snowing. Guests can also enjoy tennis courts, access to the White Mountain Athletic Club, and 60 miles of marked trails. A free shuttle bus offers connections to the Waterville Valley Ski Area, and throughout the Village Center for convenient shopping and dining. The region offers activities to suit numerous vacation styles and experiences, including golf, hiking, bicycling, skiing, boating, theatre, and amusement parks.

The resort, developed and managed by well-known New England developer Robert Reposa, features a variety of unit sizes and styles, including two-story townhouses, trail-view suites, and one-bedroom units. Club Sunterra members will begin booking into the resort in 2006.

Sunterra is one of the world's largest vacation ownership companies with more than 300,000 owner member families and over 90 affiliated resort locations throughout the continental United States and Hawaii, Canada, Europe, the Caribbean and Mexico. Sunterra news releases, as well as additional news and information on the Company, can be found at

Statements about future results made in this release, including the projections regarding the availability of units at The Valley Inn Resort constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and the current economic environment. The Company cautions that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Important assumptions and other important factors that could cause actual results to differ materially from those in the forward-looking statements are specified in Sunterra's Form 10-K for the period ended September 30, 2004.

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