Minor International Pcl ("MINT") and Sun International Limited ("Sun International") announced today that terms have been agreed whereby: (i) Sun International is disposing a significant portion of its shareholdings and interest in its Botswana, Lesotho, Namibia, Swaziland and Zambia operations, consisting of eight properties ("African Assets") to MINT for a total consideration of R679.5 million (USD 63.9 million), and (ii) Sun International and MINT are forming a new strategic partnership to own and operate the African Assets going forward ("Partnership"). The Partnership intends to leverage both companies' core strengths where Sun International will continue to manage the casino operations, while MINT will assume the hotel management, marketing and distribution under MINT's Anantara and AVANI brands.