Sunterra sold to Diamond Resorts LLC

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Original Message:

Sunterra sold to Diamond Resorts LLC (by Randy C.):

Letter received:

On March 12, 2007, Sunterra announced that its Board of Directors has approved an agreement pursuant to which Sunterra will be acquired by an affiliate of Diamond Resorts, LLC. We expect the acquisition, which is subject to certain conditions, including the acceptance of 90% of Sunterra's shareholders, to be completed in the second quarter of this year.

There is no need to call. Members and guests do not need to take any steps as a result of this announcement to confirm their existing reservations. There will be no changes to procedures for making future reservations. The same friendly people you know and trust will continue to provide you the same high level of customer service at our resorts and over the telephone.

We look forward to seeing you soon. If you would like additional information, please visit www.Sunterra.com and www.diamondresorts.com.

Best Regards,

Sunterra Corporation