THE WORLD’S FIRST PRIVATE JET CARD AND THE WORLD’S FIRST RESORT COMMUNITY AT SEA TEAM UP TO PROVIDE THE ULTIMATE IN LUXURY TRAVEL

New York
July 16, 2002

Residents and Guests of The World of ResidenSea Can Now Set Sail Faster With The Marquis Private Jet Card

Marquis Jet Partners, Inc., the world’s largest provider of pre-paid private jet leases in the form of the Marquis Private Jet CardSM, is pleased to join The World of ResidenSea, the world’s first ocean-going luxury resort, to offer the ultimate in luxury travel through an exclusive partnership program. The program offers a convenient and efficient private jet solution to residents and guests of The World of ResidenSea who desire the safety, flexibility and luxurious style of the world’s premier private jet fleet when traveling to and from the resort community at sea.

Through the Marquis/ResidenSea Gold and Platinum Card Programs, residents and guests of The World have the opportunity to purchase flexible flight time on the jet type of their choice with only a short-term commitment. Because the Marquis fleet is provided by NetJets, the pioneer and worldwide leader in fractional jet ownership, the Marquis/ResidenSea program delivers unparalleled personal service and unprecedented flexibility for residents and guests of The World.

“Both ResidenSea and Marquis Jet Partners are new, groundbreaking concepts in luxury travel, making a partnership seem a natural and perfect fit,”said Ken Austin, senior vice president of Marquis Jet Partners. vThrough our alliance with NetJets, Marquis Jet Partners will provide The World’s residents and guests with access to the youngest and best private jet fleet in the world as well as guaranteed on-call availability of aircraft 365 days a year in thousands of airports across North America and Europe."

Through an exclusive alliance with NetJets, the Marquis Private Jet CardSM caters to businesses and individuals that desire the safety and reliability of the NetJets fleet with only a short-term commitment. Structured as a single-year, all-inclusive lease of a fractional interest in a specific aircraft, The Card is available in 25-hour increments of"occupied hourly"time. NetJets provides Marquis Jet Partners, Inc., with its fleet of state-of-the-art aircraft, the most experienced and well-trained flight crews in the industry, as well as its incomparable operations infrastructure and facilities. As a result of this alliance, Marquis Jet Partners offer the convenience, service and safety of fractional aircraft ownership with the added benefit of a short-term commitment.

“Residents and guests of The World enjoy a new level of luxury and comfort in their apartments and suites aboard the ship, and we can now ensure that they have access to the same level of luxury, style and convenience when traveling to and from the ship,”said Fr’dy Dellis, president and CEO of ResidenSea.“We are thrilled to be able to offer our residents and guests access to the world’s finest private jet fleet and the unsurpassed combination of experience, capabilities and safety record that Marquis Jet Partners offers through its exclusive partnership with NetJets.”

About The World

The World of ResidenSea is the first resort community at sea continuously circumnavigating the globe, comprised of 110 elegant, privately owned residences – many of which are available for rental – and 88 guest suites available for the high-end vacation market, family and friends of residents and reciprocal private club partners. The World began its pioneering odyssey in March 2002 on a worldwide itinerary coinciding with major international events such as the Cannes Film Festival, the Grand Prix of Monaco and the British Open in Scotland. Extended stays of up to five days are designed to give residents and guests the time to experience all the sights, sounds and flavors of the world’s most exciting ports.

ResidenSea Ltd., in Nassau, The Bahamas, is the holding company of the Group. Its wholly owned subsidiaries, ResidenSea AS and ResidenSea (U.S.A.), Inc., are both service companies involved in the sales and marketing of the vessel"The World."The World of ResidenSea Ltd. is the ship-owning company.

About Marquis Jet Partners, Inc.

Founded in June 2001 and already the world’s largest provider of pre-paid leases of fractional interests in private jets, Marquis Jet Partners, Inc., operates a pioneering program for the corporate and individual private aviation markets based upon a fractional interest in a specific aircraft, sold in single-year, 25-hour increments of"occupied hourly"time. The Company’s Marquis Private Jet Card caters to businesses and individuals that may not be interested in traditional fractional ownership, but that demand access to the finest in air transportation. The Card is ideal for businesses and individuals utilizing 25 to 50 hours on an annual basis for primary or supplemental lift purposes. Through its exclusive alliance with NetJets, Marquis Jet Partners provides the convenience, service and safety of the premiere fractional aircraft ownership. The Marquis Private Jet Card and the Marquis Concierge Service cater to businesses and individuals who demand a premium level of personal service when traveling.

About Netjets

NetJets provides the safest and most secure private aviation travel solutions in the world. NetJets allows individuals and companies to buy a piece of a private business jet at a fraction of the cost of whole aircraft ownership, and guarantees availability 365 days a year with just a few hours notice. NetJets offers 14 different aircraft choices in its fleet including the Citation Bravo, Citation V Ultra, Citation Encore, Citation Excel, Citation VII, Hawker 800XP, Citation Sovereign, Hawker 1000, Citation X, Falcon 2000, Gulfstream 200, Gulfstream IV-SP, Gulfstream V, and Boeing Business Jet. NetJets Inc. is a Berkshire Hathaway company. More information on NetJets is available through the NetJets website at www.netjets.com.