Cannes, May 15, 2008

2007/2008 1st half-year Operating Profit: € 6.3 million
Very Sharp Decline (40%) in Pre-Owned Yachts Trade-ins
50m + Aluminum Yachts Soon

Rodriguez Group approved the financial statements for the 1st half-year of its 2007/2008 fiscal year, ended March 31, 2008.

Rodriguez Group realized sales of € 177.0 million for the 2007/2008 1st half-year ended March 31, 2008, compared to € 201.0 million in the previous year.

Operating profit was € 6.3 million, compared to € 15.2 million in 2006/2007.

As previously announced, this decline was primarily due to the marketing efforts initiated and to the provisions established in respect of the pre-owned yacht business.

After net financial expenses of € 2.4 million, net profit (Group share) totaled € 2.8 million, compared to € 8.1 million in 2006/2007.

Fewer Trade-ins, ever more Innovation

Against a difficult economic background, the Group intends, more than ever, to continue to implement its New Strategy, with the following double objective:

- Make cash flow generation its operating priority

- Prepare future years of growth with a combined continuing increase in yacht size, innovation policy and geographic expansion.

Therefore, the new yacht sales, comprising few trade-ins, resulted in a further sharp decline in trade-in commitments, down 40% to € 68 million, compared to € 114 million in the previous fiscal year.

Concurrently to the growing success of models launched recently (Mangusta 165’, Leopard 56m…), the Group is currently preparing a range of very large aluminum-made, 50-meter plus yachts, featuring three decks and cruising at speeds in excess of thirty knots.

These never-seen before features should have a very strong impact in the yachting industry and on the Group’s customer base.

This new range is expected to be launched by the end of the year.

Increase in the Sales Order Backlog

The sales order backlog at June 3, 2008 further increased to € 580 million, up 8% from the restated € 535 million pro forma sales order backlog at June 3, 2007 *.

The Group confirms its 2007/2008 full-year new yacht sales objective of € 320 million.

Rodriguez Group is thus structuring itself to ensure growth over the coming years based on two businesses – New Yachts and Services – that combine Visibility, Profitability and Cash Flow.

* Due to the early publication of this press release, in line with AMF recommendations on the publication of half-year results, the € 550 million sales order backlog published on June 28, 2007 was restated in order to be comparable with the figures announced today.

RODRIGUEZ GROUP SA shares are listed on Eurolist Compartment B of the Euronext Paris Stock Exchange and are a component of the Next Prime segment (ISIN Code: FR0000062994) and the SBF 250 and Next 150 indices. Its shares are eligible for SRD (Deferred Settlement Service).