Alinghi Press Release in Response to September 10 Court Action
Parties ordered to Submit Arguments, No Injunction Issued

September 10, 2007

After a brief hearing in the New York Supreme Court today before Justice Cahn, the Société Nautique de Geneve (SNG) is pleased to announce that the Judge did not grant the Golden Gate Yacht Club's (GGYC) application for an injunction, and instead ordered the parties to submit written legal arguments designed to dispose of the case in the shortest possible time. The Judge set the 22 October as the date to hear legal arguments to resolve the central issue, which focuses on the validity of Club Nautico Español de Vela (CNEV), the Spanish challenge, accepted by the SNG after winning the 32nd America's Cup.

The Spanish challenge, CNEV, also advised the Court that it will intervene in the case as a party so as to reinforce and confirm its legal standing as Challenger of Record for the 33rd America's Cup.

Importantly, this is the second successful legal outcome in only a matter of days, following the America's Cup Arbitration Panel's ruling over the weekend that declared legitimate the Challenger of Record, and that the 33rd Protocol complies with the Deed of Gift.

"Naturally we are pleased with this outcome which is another welcome positive result in this unfortunate legal process," said Hamish Ross, Alinghi General Counsel, adding: "As we had asked the Court, SNG will be submitting, as planned, its motion to dismiss the case entirely, and we look forward to having an opportunity to clear this matter up as quickly as possible on the date set by the Court. We now need to draw a line under the uncertainty and damage created by the Golden Gate Yacht Club and BMW Oracle Racing's actions and focus on the future."

Meanwhile work continues apace on the 33rd Americas Cup in Valencia following the first Competitors Commission meeting on Friday of last week and with further meetings being scheduled. This period of consultation with the five registered challengers runs until the end of October when the new class rule will be published, ensuring that the America's Cup remains at the pinnacle of international sailing.