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Chris Dickson Sails Onto Sealegs Board

Former America’s Cup Skipper Chris Dickson Sails Onto Sealegs Board

Auckland, 19 December 2007: Listed marine company Sealegs Corporation (NZX:SLG), today announced the appointment of Kiwi yachting ace Chris Dickson and businessman James Hill to its board of directors.

Sealegs Chairman John Robertson says gaining people with the extensive global boating and commercial experience “that Chris and James bring is a tremendous asset. Moving into 2008, Sealegs has a board of very successful and experienced members to assist in its strategic planning and international growth”.

Dickson, three-times World Match Racing Champion this year celebrated 20 years of America’s Cup involvement. He was the skipper of KZ 7, New Zealand’s first challenger at Fremantle back in 1987 and was skipper and CEO of BMW Oracle Racing at the 2007 America’s Cup in Valencia. A North Shore resident and enthusiastic recreational boat owner, Dickson is looking forward to using his extensive overseas experience “to help take this exciting and innovative New Zealand marine product to international markets.”

A former managing partner of KPMG in Auckland, Mr Hill is an experienced director with knowledge of local government, transport and the water industry. He currently serves on the board of several private companies.

At the same time Sealegs also confirmed that Simon Vodanovich is retiring from the board effective January 1, 2008. Mr Robertson said “We thank Simon for his assistance and input in helping to grow Sealegs from an early stage start-up into a multi-million dollar business.

Sealegs recently announced that its worldwide recreational sales continue to grow with orders for 90 amphibious boats taken in the last six months with a value of $8.1million.

ENDS

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