SOURCE: Sunterra Corporation

March 31, 2005 06:30 ET

Sunterra Corporation Announces Investor Seminar

LAS VEGAS, NV -- (MARKET WIRE) -- March 31, 2005 -- Sunterra Corporation (NASDAQ: SNRR) today announced that on May 11, 2005, its senior management team would host a seminar to provide investors with foundation-level understanding of Sunterra's business.

The seminar, from 8:00 a.m. to 11:00 a.m. local time, will be held at the Fairmont Scottsdale Princess, located at 7575 East Princess Drive in Scottsdale, Arizona. Presenters will include President and Chief Executive Officer Nick Benson; Chief Financial Officer Steve West; Sunterra Europe Managing Director David Harris; and Andy Gennuso, President of Sunterra's U.S. marketing arm.

These executives will discuss various facets of Sunterra's business in detail, including Club Sunterra -- Sunterra's trust-backed points system -- and key business areas such as sales and marketing, financial services and property management. A question and answer period will follow the presentations, and participants will have the opportunity to tour local Sunterra properties.

Reservations are required. Interested parties are directed to email their request and contact information to investorrelations@sunterra.com. The presentation used in the seminar will be available via the Investor Relations section of Sunterra's website, www.sunterra.com. The Company also plans to webcast the event live. To listen to the live web cast, go to http://secure.sunterra.com/corp and click on the Investor Relations tab at least 15 minutes early to register, download, and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be made available after the presentation and will run for a limited period.

Investors are also invited to visit the Calendar section of Sunterra's Investor Relations web site to view a complete calendar of events and receive email alerts.

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

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