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Red Dragon II Production Begins

Maritime Activity Reports, Inc.

March 10, 2006

The 52m (170ft) sloop Red Dragon II commenced construction at Alloy Yachts Auckland New Zealand in March 2006. Contracted by an International Yachtsman, Red Dragon II is the fifth yacht over 50m built by Alloy Yachts. She has a beam of 10.2m (33.5ft), draws 4.9m (16.1ft) and a displacement of 354 tonnes. She will be built to Lloyds Classification and will comply with the Large Commercial Yacht Code LY2. The design from Dubois Naval Architects is for a high performance aluminum sloop which represents a world luxury cruising yacht with the ability to stay operational for long periods at sea without outside assistance. Red Dragon II will be flagged in the Cayman Islands and is scheduled for delivery in May 2008.

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