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December 14, 2006 10:36 AM Eastern Time

Steiner Leisure Limited Announces Agreement to Operate a New Luxury Spa at The Monarch Hotel in Dubai

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NASSAU, The Bahamas--(BUSINESS WIRE)--Steiner Leisure Limited (NASDAQ:STNR) today announced that its premier Mandara resort spa division has entered into an agreement to operate a new luxury spa facility located at The Monarch Hotel and Convention Centre in Dubai, in the United Arab Emirates.

The term of the lease is for a period of 10 years.

This spa will be located in a new hotel being built on Sheikh Zayed Road, in downtown Dubai and will feature 10 deluxe treatment rooms, including a suite and a couples spa room, as well as mens and womens changing rooms and steam and Jacuzzi facilities. This luxury spa will also feature local, Balinese and Elemis beauty treatments. The hotel is expected to have, among other things, 141 executive rooms, 40 deluxe suites, presidential and royal suites, 16 meeting rooms, a ballroom and five high quality restaurants.

Steiner Leisure estimates that the new spa will open in May of 2007.

Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, We are extremely pleased to have this opportunity to expand our brand into this region. We look forward to introducing yet another part of the world to the exceptional quality of our spa services and products.

Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 126 cruise ships, and in 51 resort spas and two luxury day spas. Our cruise line and land-based resort customers include Carnival Cruise Lines, Caesars Entertainment, Celebrity Cruises, Crystal Cruises, Cunard/Seabourn Cruise Lines, Hilton Hotels, Holland America Line, Kerzner International, Marriott Hotels, Norwegian Cruise Lines, Princess Cruises and Royal Caribbean Cruises. Our Elemis Limited subsidiary manufactures its Elemis® brand products for use in our cruise ship and land-based spas. This top quality European line of beauty products is also distributed worldwide to exclusive hotels, salons, health clubs and destination spas. Elemis®, as well as other Steiner products, including La Therapie®, Ionithermie, and Steiner Hair Care, are available at http://www.timetospa.com.

Steiner Leisure owns and operates four post secondary schools (comprised of a total of 14 campuses) located in Miami, Orlando, Pompano Beach and Sarasota, Florida; Baltimore, Maryland; Charlottesville, Virginia; York, Pennsylvania; Salt Lake City and Lindon, Utah; Las Vegas, Nevada; Tempe and Phoenix, Arizona; and Westminster and Aurora, Colorado. Offering degree and non-degree programs in massage therapy and, in some cases, skin care, these schools train and qualify spa professionals for health and beauty positions within the Steiner family of companies or other industry entities.

Forward-Looking Statements

Our statements with respect to the proposed services at, the proposed facilities of, and the estimated opening date of, our operations at the above hotel may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements do not guarantee the timely construction or final characteristics of this new spa or the hotel, since known and unknown risks and other factors may preclude results that match these statements. Such risks and factors include uncertainties beyond our control that could adversely affect the timely construction and final characteristics of resort facilities such as at the Monarch Hotel and Convention Centre, Dubai, including, among other things, our lack of control over the construction and the venue where the spa will be located and possible weather-related delays. Other risks are described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for 2005.



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