Cannes, February 8, 2010

Strong sales decline
Continuing implementation of restructuring measures

(€ thousands)	Q3 sales
	2007/2008	2008/2009	% change
Yachts	75,373	12,994	(82.7%)
Services	12,144	8,104	(33.3%)
Total	87,517	21,098	(75.9%)

(€ thousands)	9-month sales: October 1, 2008 to June 30, 2009
	2007/2008	2008/2009	% change
Yachts	230,519	50,311	(78.2%)
Services	34,023	19,990	(41.2%)
Total	264,542	70,301	(73.4%)

Rodriguez Group approved the financial statements for the 3rd quarter 2008/2009 for the period October 1, 2008 to June 30, 2009.

Sales for the 3rd quarter 2008/2009 totaled € 21.1 million, compared to € 87.5 million over the same period of 2007/2008.

Cumulative 9-month sales were thus € 70.3 million, down 73.4 % compared to the previous fiscal year.

This decline was in line with the movement noted over the 1st half-year and reflected the continuing marked slowdown in global sales for the ultra luxury goods segment, from which the Rodriguez Group was not immune.

Despite a still very keen interest in luxury yachting in general, and more specifically the Group’s units, many clients, financially and psychologically affected by the crisis, preferred to postpone the purchase of new yachts.

While awaiting a return to more favorable market conditions, Rodriguez Group is taking advantage of the second observation period, which will end on 7 April 2010, to finalize the restructuring measures undertaken since the safeguard procedure was initiated in April 2009 and consolidate the foundations of its recovery.

Thus:

>> The implementation of the general cost saving plan is at an advanced stage, with a reduction in indirect expenses and structure costs of more than 50% from the 2010/11 fiscal year.

>> The cash generation target remains a priority, with marketing efforts being focused on yachts in stock, both new and pre-owned.
Yachts trade-ins have become the exception and new units are only manufactured if pre-sold.

>> Negotiations with the Banks are ongoing, with the objective of finalizing an agreement on a significant debt restructuring and a repayment plan according to the market recovery.

Rodriguez Group’s safeguard plan will be assessed by the Cannes Commercial Court at the end of March 2010.

The financial statements for the fiscal year ended September 30, 2009 will be approved following validation of the safeguard plan and submitted for approval by the Rodriguez Group shareholders.

A full-year loss should be reported again this year.

Trading in the Rodriguez Group share will resume from the date of validation of the safeguard plan.