A Unique Opportunity to Purchase A1 GP - the 'World Cup of Motorsport'

LONDON, March 25, 2010 - Leading global asset sales and valuations company, GoIndustry DoveBid, is
offering a unique opportunity to acquire the assets of A1 GP, better known as
the 'World Cup of Motorsport'.

GoIndustry DoveBid has been appointed to market the assets of A1 Holdings
Ltd [UK parent company in liquidation] and A1 Grand Prix Operations Ltd [UK
operating company in administration] on behalf of creditors in a Private
Treaty Sale - in an effort to keep the popular race series alive.

A1 GP, founded in 2004, is a single manufacturer, open wheel formula
racing series ratified by the Federation Internationale de l'Automobile
(FIA), in which identical cars compete against each other. The series is
nation-based and included high profile drivers such as Nelson Piquet Jr.,
Vitantonio Liuzzi and Sebastien Buemi, who had previously raced in Formula
One.

Explains David Hampson of GoIndustry DoveBid Valuation Services:
"GoIndustry DoveBid is pleased to announce that its UK Insolvency team has
been instructed by Griffins, the administrator and Bridge Business Recovery,
the liquidators, to market the assets of A1 GP. The sale includes more than
20 of the latest Ferrari engined single seat race cars (2008), 14 of the
earlier Lola race car rolling chassis (2005) and all of the support
equipment, including the Maserati Quattroporte Sport GT and Ferrari 599GTB
track safety cars. Offers are currently being invited for the whole asset
package, including the intellectual property rights to the A1 GP series logos
and brands."

Adds Tim Bramston, a partner with Griffins, the administrator of A1 Grand
Prix Operations Ltd: "We are delighted to be co-operating on this sale for
the benefit of all of the creditors. We took the step of administration in
order to re-unite the Ferrari powered cars with the intellectual property
rights to use the brand. The vehicles have now been laid out for inspection
in a single location and discussions are already underway with a number of
interested parties. We are currently aiming to have a purchaser of A1 GP
assets in place by the end of March."

Says Tony Murphy, a partner at Bridge Business Recovery, the liquidators
of A1 GP's parent company, A1 Holdings Ltd: "The intention is to market the
series as a complete package. We are highly confident that a buyer can be
found for the combined pool of assets and with it the prospect of the A1 GP
series returning to our TV screens at some point in the near future. Not only
that but the purchaser will command the commercial benefits and prestige
associated with running the 'World Cup of Motorsport' series."

Any interested parties should visit www.go-dove.com and contact
GoIndustry DoveBid by email at A1GP@go-dove.com.

PR Contact: Please send requests for further information or photography to mike.symes at strandfinancial.com, Mike Symes, Strand Financial, T +44(0)20-7520-9216, M +44(0)7736-008270