ART Marine to be Exclusive Yacht Charter Partner for Aldar's Yas Marina

ABU DHABI, UAE, January 28 - ART Marine, an Abraaj Capital portfolio company and the Middle East's
largest importer and distributor of luxury motor yachts, has signed a
long-term agreement with Abu Dhabi's Aldar Properties as the exclusive Yacht
Charter Partner for Yas Island. The development is Aldar's major leisure and
entertainment destination and venue for the Formula 1(TM) Etihad Airways Abu
Dhabi Grand Prix. The first phase of this project, which included the Yas
Marina Circuit, seven hotels, the Yas Marina and all the related
infrastructure was delivered ahead of the race. October 2009 the area's first
golf course will open in 2010 as will Ferrari World Abu Dhabi, set to be the
world's largest indoor theme park. Yas Island will also be home to further
leisure parks, major retail locations, further hotels, restaurants, and many
other exciting venues and facilities.

During the recent F1 Grand Prix at Yas Marina Circuit, ART Marine had the
largest number of chartered yachts present. Chartered yachts included various
Benetti megayachts, with numerous other Flybridge and Sports models from the
Azimut, Atlantis and Riviera range completing the charter fleet.

Guests followed the race weekend from their yachts, enjoyed the
lifestyle, and participated at the events staged by the organizers, which
included amongst others live music concerts by world-famous music performers.
During the race week, ART Marine hosted existing and new customers, business
partners and other guests on board of two yachts, an Azimut 62 and a Riviera
48.

"We are very honored to sign this exclusive agreement with Al Dar
Properties and are looking forward to operating our business from our new
office at this prestigious marina. Congratulations to Al Dar for completing
such magnificent facility which sets new standards world wide". Constantinos
Constantinou, ART Marine CEO commented

.As part of the agreement with Aldar Properties, ART Marine will be
occupying 15 berths directly in front of the Yas Marina Yacht Club. The
company's permanent office, located at the ground floor of the Club, is
currently being fitted out and decorated in preparation of the official
opening

Paul Lane, Aldar Marinas General Manger commented "we are pleased to have
ART Marine as our partners. They have a long-standing operation in the GCC
and they demonstrated their capability to deliver a world class operation in
Yas Marina, not to mention their stunning yacht fleet". We are looking
forward to see them operating throughout our marinas.

ART Marine LLC - Company Overview

ART Marine LLC was founded in February 2005 to offer
world-class marine services such as sales of quality yachts, maintenance,
after-sales support, yacht management, charter, and marina management and
consultation in the Gulf region.

Thanks to high levels of professionalism, ART Marine LLC has
rapidly become the leading regional importer and distributor of leisure
yachts. ART Marine is today the exclusive importer and distributor of
Azimut-Benetti Group for the Kingdom of Bahrain, Egypt, Jordan, Kingdom of
Saudi Arabia, Kuwait, Maldives, Mauritius, Oman, Pakistan, Qatar, Seychelles
and United Arab Emirates. ART Marine LLC is also the exclusive dealer of
Riviera, the highly acclaimed Australian manufacturer of fishing/flybridge
yachts, a brand that meets the growing demand for quality offshore fishing
boats.

ART Marine LLC also offers after-sales services through a separate
division staffed by dedicated technical experts who satisfy the
uncompromising standards of customers. ART Marine Service Division also
offers skilled know-how and full service support facilities to ensure maximum
pleasure and peace of mind during yacht use and ownership.

On the charter front, with the exclusive agreement reached with the Jumeirah
Beach Hotel in Dubai, ART Marine Charter Division has been successfully
operating since 1 March 2006, offering charter packages such as romantic
dinners, corporate lunches, team building trips, sight-seeing trips to the
Jumeirah Palm and the World islands.

Aiming to be the only Marine Hospitality Company in the Middle East,
South Asia and North Africa with a "360 degree" approach to luxury yachts
services, ART Marine LLC has created a Marina Development and Management
Division. The concept is to operate a network of "lifestyle" marinas and
destinations, offering first class services around the region to cater for
the needs of yacht owners.

    For further press information, please contact:
    Wael Bittar
    Regional Marketing Director
    ART Marine L.L.C.
    T: +971-4-338-8955 - F: +971-4-338-4470
    wael@artmarine.net
    www.artmarine.net

For further press information, please contact: Wael Bittar, Regional Marketing Director, ART Marine L.L.C., T: +971-4-338-8955 - F: +971-4-338-4470, wael at artmarine.net