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TARGA 47 GRAN TURISMO WORLD LAUNCH BOOSTS RECORD GENOA BOAT SHOW FOR FAIRLINE

Leading international boat builder, Fairline Boats plc returns from its
best ever Genoa Boat Show with a total of twenty-three boats retail sold,
worth £11 million including 4 new Targa 47 GRAN TURISMO'S.

Over 100 press and VIP's attended the world launch of the Targa 47 GRAN
TURISMO, and the occasion was marked in true Italian style with the
attendance of Miss World Italy 2002 - Susanne Zuber, Miss World Italy
2003 - Silvia Cannas and finalists of Miss Mondo Italia 2004 - Alessia
Giovando and Fabiana Pratillo. Making an impressive display alongside the
new Targa 47 for the first time were GRAN TURISMO models-Targa 52 and
Targa 62.

Bryan Jones, Marketing Manager at Fairline commented, 'This was a truly
outstanding launch event and our congratulations go to our Italian
distributor, Fairline Italia. The express cruiser market in Italy is
highly competitive, particularly for non-Italian brands but they continue
to sell record amounts of boats including confirmed orders on eight Targa
47 GRAN TURISMO's.

The Targa 47 GRAN TURISMO now travels to the Barcelona Boat Show (6th -
14th November 2004) to be shown to the Spanish media and buyers before she
is seen for the first time in the UK at the Schroders London International
Boat Show at Excel, London from 6th - 16th January 2005.

- Fairline Boats manufactures luxury motor yachts from 34 - 74 feet:

Fairline Targa - 34, 40, 43, 47, 52 and 62 feet.
Fairline Phantom Flybridge Series - 40, 46 and 50 feet
Fairline Squadron - 58 and 74 feet; a 66ft model will be appear summer 2005.

- Prices range from circa £132,421 to £1.783 million excluding VAT.

Further details can be obtained from:

Fairline Boats PLC
Email: www.fairline.com