MEDIA STATEMENT -- CC Meeting, 7 April 2007

The Challenger Commission for the 32nd America's Cup (“CC”) met at the call of the Chair, Alessandra Pandarese (ITA) of Mascalzone Latino Capitalia Team, at the BMW ORACLE Racing team base in Valencia on Saturday 7 April 2007 from 0830 to 0945.

Representatives of ten of the eleven Challengers were present:

+ AREVA Challenge (FRA) -- Dawn Riley
+ BMW ORACLE Racing (USA) -- Tom Ehman and Russell Green
+ Desafío Español (ESP) -- John Cutler
+ Emirates Team NZ (NZL) -- Jack Lloyd
+ Luna Rossa (ITA/LR) -- Bruno Finzi and Luis Saenz
+ Mascalzone Latino Capitalia Team (ITA/ML) -- Alessandra Pandarese
+ Piu Trentanove (ITA/+39) -- Stefano Feltrin
+ Shosholoza (RSA) -- Tommaso Chieffi and Salvatore Sarno
+ United Internet Team Germany (GER) -- Wolf Dietz
+ Victory Challenge (SWE) -- Dave Perry and Johan Stenman

Apologies were received from China Team (CHN) who were not able to be present, but Challenge Rep Jean-Charles Scale participated and voted by phone.

The CC expressed their appreciation to BMW ORACLE Racing for hosting the meeting at short notice.

Main decisions and points of discussion:

+ The proposed +39 Protocol amendment in connection with use of a V5 mast designed and built by another Competitor was not supported.

+ The CC confirmed that it will next meet on Wednesday 11 April for a debrief of Act 13 and in case there are matters arising before the start of the LVC on 16 April.