Naiade Resorts' Indian Ocean Expansion

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. October 14, 2008

LONDON, UK, November 8, 2005. With 5 beautiful Mauritian hotels in its portfolio, including the internationally acclaimed 5 star Beau Rivage and the evocative 4 star plus Legends, the Naiade Resorts Group is proud to announce the addition of White Sands Resort & Spa in the Maldives, and Desroches Island Resort in the Seychelles to its discerning Indian Ocean collection.

2005 has been a good year for the Naiade Resorts Group. This dynamic company will be quoted on the International Mauritian Stock Exchange by the end of November 2005, and the Group's share price has risen by around 130% in the last year. "We are delighted to add Desroches and White Sands Resort & Spa to our portfolio" commented Managing Director Patrice Hardy. "We have consolidated our position as one of the premier hotel groups in the Indian Ocean, and will be looking for further growth in this area in the future."

Desroches Island Resort is a small and sophisticated jewel of an island set in the Amirantes Group that makes up part of the Seychelles archipelago. Just 5km long, the island has 14 km of beautiful white beaches and the surrounding reef offers superb snorkelling, diving and deep sea fishing opportunities.

The 20 beautifully furnished private suites have been designed to compliment the natural environment and nestle comfortably into the islands coconut groves. Ideal for romantics and honeymooners, 4*de luxe Desroches is also one of the few island resorts with suites spacious enough to accommodate families. Easily accessible by plane from Mahe (around 35 minutes), the journey is a highlight in itself, with breathtaking views over the Indian Ocean.

The Seychelles are well served by scheduled carriers including Air Seychelles, Emirates, Qatar Airways, Air France and Air Mauritius. Prices from lb839 per Suite (max 3 adults or 2 adults + 2 children) for 3 nights Full Board. UK operators include Seychelles Travel, Seasons in Style and Thomson Worldwide.

Situated in a spectacular crystal blue lagoon the White Sands Resort and Spa is a coral island resort in the South Ari Atoll in the Maldives. Thatched roofs, local timber and colourful textiles are used throughout the resort to give an authentic Maldivian atmosphere. With 139 rooms in five categories, and seven bars, cafes and restaurants the resort offers plenty of choice. Renowned for having one of the most comprehensive watersports centres in the Maldives, Dolphin Watersports provides first class equipment and tuition, and there is also a 5 star PADI dive centre which allows access to some of the world's most impressive dive sites.

Reached by seaplane from Male in around 20 minutes, airlines to Male include Qatar and Emirates, as well as a number of UK charter flights. Prices from lb799 per person for 7 nights half board. UK operators to White Sands Resort & Spa include First Choice and Kuoni.

The perceptive team at Naiade Resorts know what to look for when creating a successful resort hotel. Beau Rivage is one of the most popular 5* properties in Mauritius, and the Feng-Shui-inspired 4 plus Legends has out performed all expectations. The Group also include the romantic 4 Les Pavillons, the ever popular 3 plus Merville Beach and the all-inclusive 3 Le Tropical. Naiade Resorts also own the tiny paradise island of Ile des Deux Coco off the south east of Mauritius which can be hired privately for weddings, honeymoons, or Conference and Incentive groups, and is available for exclusive day trips.

We will be on Stand AS 2600 at WTM.