David Lloyd Expands the Market for Overseas Property Investment and Ownership

LEATHERHEAD, England, April 16, 2010 - Former tennis ace and entrepreneur David Lloyd, Chairman of
David Lloyd Resorts - the worldwide property and vacation specialists - has
launched a ground-breaking alternative investment fund and ingenious vehicle
designed to facilitate ownership abroad.

The David Lloyd Resorts Investment Fund - made up of 5 and 7
year closed funds operated and administered by Blue Gate Capital - will
capitalise on the tremendous opportunities in the global property market and
will enable investors to purchase equity within a diverse range of assets
selected and managed in line with David Lloyd Resorts' proven business model.

The fund will buy apartments, penthouses and villas located in
prestigious world wide resorts with leisure facilities in the popular
destinations of Barbados, Canada, Cyprus, Spain, Thailand and Turkey.
Offering a target IRR of 10-14% per annum, the fund proposes to distribute 4%
income per year to investors in addition to the projected capital growth of
the assets over the term.

Tamlyn Stone, Director of Blue Gate Capital - the explained,
"Traditional investments have come under enormous pressure in recent years so
the need for alternatives has increased. This has mass market appeal for
those that prefer to buy into real assets. David Lloyd's entry into the
market with the benefit of a proven track record and strong brand could not
have been timed better. We already know from the amount of initial pledges
that it is going to be successful."

Key properties from David Lloyd Resorts' worldwide portfolio
are placed into a Limited Partnership structure offering capital growth over
the term and secured annual interest on the original investment. This is made
all the more attractive because of Lloyd's ability to bundle discounted high
quality property offering investors immediate value. Property developers have
proven keen to work with Lloyd because they recognise the value of the brand
and consequently the company has purchased assets at an average 16% discount
off the current low market values after purchase costs.

The Investment Fund has been specifically constructed to
target Individual and pension investors and together with their professional
advisors Blue Gate Capital has ensured compliance with HMRC and FSA
regulations. Lloyd explains, "The structure has been refined to fit in with
the market conditions that are likely to prevail during the best part of the
next decade. We need to assure potential investors that we have done our
homework thoroughly and that the projections stack up."

One of the key benefits of the fund structure will be the
ability to use SIPP and SSAS contributions. Stone continued, "With a minimum
investment of GBP20,000 and a bricks and mortar underlying asset base this
fund could suit many people. We know intermediaries will welcome the chance
to take something genuinely different to their clients. The potential market
for this product is enormous."

David Lloyd Resorts is also launching a lifestyle product in
the form a unique and financially astute way of purchasing and owning abroad.
Shared ownership in properties in exceptional global resorts with a host of
sporting and leisure amenities will enable purchasers the chance to share in
and enjoy ownership in properties that may have otherwise been unaffordable.
Shared owners will not only hold equity in their vacation property which
guarantees two weeks occupancy rights but also benefit from two additional
weeks vacation elsewhere in the world through a flexible resort exchange
programme.

For further information contact Melanie Hickey, +44(0)1372-824518

Visit www.davidlloydresorts.com

For further information contact Melanie Hickey, +44(0)1372-824518, Head of Global PR at David Lloyd Resorts at m.hickey at davidlloydresorts.com or call +44(0)753-5984654