Exhibit 99.2
ORIENT-EXPRESS HOTELS LTD.
HISTORICAL SHARE-BASED COMPENSATION EXPENSE
(U.S. dollars in thousands)
|
| Three months ended |
|
|
| |||||||||||
|
| March 31, |
| June 30, |
| September 30, |
| December 31, |
| Full Year |
| |||||
2007 |
| $ | 372 |
| $ | 407 |
| $ | 105 |
| $ | 558 |
| $ | 1,442 |
|
2008 |
| 838 |
| 693 |
| 681 |
| 588 |
| 2,800 |
| |||||
2009 |
| 799 |
| 1,310 |
| 1,222 |
| 892 |
| 4,223 |
| |||||
2010 |
| 1,487 |
| 1,446 |
| 1,628 |
| 1,404 |
| 5,965 |
| |||||
2011 |
| 1,572 |
| 2,040 |
| 1,691 | (1) | 1,956 |
| 7,259 |
| |||||
2012 |
| 2,010 |
| 1,572 |
| N/A |
| N/A |
| N/A |
| |||||
(1) The third quarter 2011 expense includes $507,000 that was previously credited in that quarter to reverse share-based compensation expense recorded in prior quarters. Consistent with the presentation of adjusted EBITDA by Orient-Express Hotels Ltd., the third quarter 2011 expense has been increased to exclude this credit.