Argo Boats to Build Farr 395

Farr International, Inc., Argo Boats (Pty) Ltd. and Boating Partners Limited are pleased to announce the
rebirth of the Farr 395.

Argo Boats (Pty) Ltd. (Argo) of Cape Town South Africa will produce the Farr 395 in molds shipped from
the USA which were used in the construction of the 36 existing boats. The boats will be built in Argo's
new facility where South Africa's America's Cup boats will also be built. Construction will be to the same
specifications as previously built boats to preserve the one design aspect and build the USA one design
fleets with imported boats. The exchange rate between the US dollar and the South African Rand allows
the boats to be built at a very competitive cost and the USA landed price will be lower than the price of
existing US built boats.

In addition to the Farr 395 One Design Argo will produce an IRC version of the boat to optimize the
design for that rule which has recently been adopted in the USA by several major yacht clubs. It is
anticipated this version will also sell well in Europe and other areas where IRC already has strong fleets.
Farr Yacht Design Ltd. will produce the design modifications in time for the first Farr 395 built by Argo to
be an IRC version that will be available in the USA for early spring 2005 commissioning.
Boating Partners Limited will market and sell the Farr 395 in England while Argo will handle sales in
South Africa and Farr International, Inc. will act as master dealer covering the USA, and the rest of the
world.

For more information:

Tink Chambers
Farr International, Inc.
613 Third Street, Suite 11
Annapolis MD 21403, USA
Tel: +1 410 268 1001
Fax: +1 410 268 1137
Email: [email protected]
http://www.farr395.org