Press Releases

THE RESORT GROUP PLC ANNOUNCES SALES FIGURES   28/04/2008

The Resort Group PLC is delighted to announce excellent sales figures for this year in spite of the current turmoil in the financial markets.

So far this year The Resort Group PLC has sold 73% of its Tortuga Beach Resort and 39% of its Dunas Beach Resort. This brings the total number of units sold on both the Tortuga and Dunas developments to well over 500. A combined total of 50% of properties have been sold on Tortuga Beach and Dunas Beach to date.

Rob Jarrett, chairman of The Resort Group PLC, said: “Between the launch of The Resort Group International Property Fund in January and now we have sold over 200 properties. We believe that we have an excellent investment product and these fantastic sales figures show that the wider investment community appears to agree with us. While there is obvious turmoil in markets all over the World our sales show that people are still willing to invest in high quality, high return products such as these.”

This announcement comes just a few months after The Resort Group PLC launched a Fund offering experienced investors the opportunity to invest in these beach-front resorts and leisure complexes in the developing property hot spot of Cape Verde.

The Resort Group International Property Fund PCC PLC has made available 11% (€10.5 million) of the group’s Dunas Beach and 14% (€7 million) of its Tortuga Beach developments. The remainder of the funding is already in place through institutional and high net worth individuals.