47'

Newest Version of Popular GB Model will be Featured at the Dusseldorf Boat Show, Site of Awards Event

SEATTLE – January 9, 2007 – Grand Banks Yachts has been honored with the nomination of its much-acclaimed 47 Heritage EU as “European Powerboat of the Year.” The nomination ranks the 47EU among the top five boats in her size category, a reflection of the superior quality and performance characteristics that have already earned the new model high praise among critics.

“We’re very honored to be considered for this award,” said David Hensel, Director of Marketing for Grand Banks. “From our designers to the development team and of course all the people who saw the 47EU through production, this nomination is a strong testament to their skill and commitment to quality.”

Changes, effective immediately, begin with three new models

SEATTLE – June 14, 2006 – Grand Banks Yachts today announced the company’s formal adoption of American Boat and Yacht Council (ABYC) standards for boat measurement – and, subsequently, as the basis for naming new models in Grand Banks’ lineup.As a result, the company will rename three newer models to conform to the ABYC standard, effective immediately. The new Grand Banks 44 Heritage, both EU and CL models, have been renamed retroactively to hull number one; the two boats will now be known as the Grand Banks 47 Heritage, or 47EU and 47CL, respectively. These newer Heritage models have a length overall of 46'8", including the molded-in swim platform.

The company is also renaming the Grand Banks 70 Aleutian CP to become the 72 Aleutian RP. The 72's model designator will also change to RP ( for "Raised Pilothouse"), which better reflects the true style of the yacht.