Preferred Bidder

For Immediate Release 25 October 2010

Sutton Harbour Holdings plc (the "Group")

Preferred bidder 

The Group is pleased to announce that it has been selected by the South East of England Development Agency (SEEDA) as the preferred bidder for the regeneration and operation of a new outer harbour development at East Cowes, Isle of Wight (the "Scheme"). The Scheme includes a new outer breakwater and a marina of 300 permanent berths together with an additional 100 visitor berths.

The Group will now progress to the detailed negotiation stage of the procurement process.

Michael Knight, Chairman, said,

"This is a positive step with the Group progressing with new opportunities which are aligned with our core strengths of regeneration, partnering and marine facility management".

Nigel Godefroy, Group Chief Executive

Sutton Harbour Holdings plc Tel: 01752 204186

Bobbie Hilliam,

Evolution Securities Tel: 020 7071 4300

Richard Day,

Arden Partners Tel: 020 7398 1600

Paul Vann,

Winningtons Financial Tel: 0117 985 8989 or 07768 807631