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Sunterra Hosts "Fundamentals of Vacation Ownership" Investor Seminar

Press Release: Sunterra Corporation
October 20, 2004
LAS VEGAS, NV -- On Friday, November 5, 2004, Sunterra Corporation (NasdaqNM:SNRR) will host a seminar to provide investors with a foundation-level understanding of Sunterra's business. Sunterra's Chief Executive Officer Nicholas Benson and Chief Financial Officer Steve West 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.

The seminar, from 8:30 a.m. to 11:30 a.m., will be held at the Nasdaq MarketSite, located at Times Square in New York City. Physical space at the event is limited and accordingly, interested parties are requested to email contact information to investorrelations@sunterra.com by October 25th. Confirmation of reservation will be returned within a reasonable period.

While attendance at the actual event will be limited, Sunterra will web cast the event. 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 shortly 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 over 90 affiliated resort locations throughout the continental United States and Hawaii, Canada, Europe, the Caribbean and Mexico and over 300,000 owner families. Sunterra press releases and additional investor information, including stock information, downloadable public filings, and email alerts, can be found at www.sunterra.com.


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Contact:
     Contact:
     Bryan Coy
     Sunterra Corporation
     702.304.7005 / investorrelations@sunterra.com


Source: Sunterra Corporation