Exhibit 2.5
[Letterhead of Sea Containers Ltd.]
August 1, 2000
Orient-Express Hotels Ltd.
X.X. Xxx XX 0000
00 Xxxxx Xxxxxx
Xxxxxxxx XX XX
Bermuda
RE: NONCOMPETE AGREEMENT
Dear Sirs:
We undertake that, in the event the offering described in the registration
statement on Form S-1 (No. 333-12030) filed with the U.S. Securities and
Exchange Commission is made, we will not, for a period of five years from the
date of the offering, own an interest in or manage any luxury hotel or luxury
restaurant other than any such hotel or restaurant operated in conjunction with
our passenger ferry and rail services.
Please acknowledge receipt of this undertaking by signing and returning a copy
to the undersigned.
Very truly yours,
Sea Containers Ltd.
By: /s/ Xxxxx X. Xxxxxxxx
--------------------------------
President
Receipt acknowledged:
Orient-Express Hotels Ltd.
By: /s/ Xxxxx X. X. Xxxxxxxx
---------------------------------
President
Date: August 1, 2000
