FERRETTI SpA ANNOUNCES ACQUISITION OF ALLIED RICHARD BERTRAM MARINE September 29, 2008

Ferretti S.p.A., parent company of the Ferretti group, a world leader in the design, construction, and sale of luxury yachts, is proud to announce the acquisition of the assets, brands, and ongoing operations of Allied Richard Bertram Marine Group, one of the largest yacht distributors and service providers in the United States. This move, valued near $50 million, will give Ferretti a powerful distribution platform to reach and service its customers throughout the U.S., a strategically important market for the company.

The newly named ALLIED MARINE will specialize in the post sales, services, and marketing of new and pre-owned Ferretti Brands and all Tiara Yacht models, along with providing substantial brokerage services.  For more than 50 years, Allied Richard Bertram Marine Group has remained a leader in the U.S. marine industry by emphasizing the importance of superior customer service with a personalized approach.  Headquartered in Fort Lauderdale, FL, the group's yacht service and distribution centers span the state of Florida, servicing clients in many prestigious yachting and resort communities.

The combination of Ferretti and Allied Marine brings together world leaders in luxury yacht design, and construction and world leaders in yacht sales and service, creating an innovative and streamlined approach to buying, selling, and servicing luxury yachts in the United States.   For current and future Ferretti and Tiara customers, this means that the highest standards of service which earned Ferretti their reputation as a world leader will now be under the same roof as the superior sales quality that has attracted Allied customers for generations.

This move also further diversifies Ferretti group's unique portfolio which consists of the world's most exclusive and prestigious yacht brands including Ferretti Yachts, Pershing, Itama, Bertram, Riva, Apreamare, Mochi Craft, CRN, and Custom Line.

Allied Marine and Ferretti, S.p.A. will be in tandem at the Fort Lauderdale Boat Show in late-October, 2008, with their full launch expected to be unveiled at the Miami International Yacht and Brokerage Show in February, 2009.

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