2014 Press Releases
Grand Banks Appoints Stan Miller as New Dealer in the Northwest

SEATTLE – February 27, 2014 – Grand Banks Yachts Limited ("Grand Banks" or the "Group") announced today that it has appointed Stan Miller Yachts ("Stan Miller") as a new dealer for the states of Washington, Oregon, Alaska, Wyoming, Utah and Idaho in the United States to represent the renowned international boat brand in one of its leading markets.

To facilitate continuity of operations, the new dealer will continue to operate at the Seattle retail store, previously directly managed by Grand Banks. In addition, the dealer has retained three Grand Banks Northwest team members.

Stan Miller has sold over 150 new Grand Banks yachts in its 35 years as a dealer in the Southern California. Currently, California's leading yacht dealer representing five distinct brands, the company will open its fourth office in Seattle, Washington, on March 1, 2014.

Mr. Brad Buettner, CEO of Stan Miller says, "Having worked with Grand Banks since 1977, we are thrilled that we can extend our dealership of this unique brand across six additional states in the Pacific Northwest. Our choice to open up a Seattle location allows us to service one of the biggest and most important markets in the United States. I am confident that this partnership will further strengthen both companies and provide better service to our customers."

Additionally, Grand Banks appointed Great Southern Marine Pty Ltd, controlled by Mr. Todd Holzapfel as a new dealer in Australia.

Mr. Peter Poli, Grand Banks' Acting Chief Executive Officer, said, "Todd Holzapfel is deeply experienced in the Australian marine industry. Brad and John Buettner, the co-owners of Stan Miller Yachts, have a vast network and depth of experience in the U.S. boating scene. Grand Banks will be able to leverage their combined strengths in an effort to boost sales in Australia, as well as the Pacific Northwest."

Mr. Hank Compton, previously the Managing Director of Grand Banks Australia, has relocated to Singapore and is responsible for all dealer sales efforts outside of North America including Asia, Europe and the Middle East. Also, Mr. Tucker West, the former Managing Director of Grand Banks Northwest, is now responsible for all dealer sales efforts in North America.

About Grand Banks - With a renowned legacy that dates back to 1956, Singapore-based Grand Banks Yachts Limited is a global brand well known for its vast experience in manufacturing and selling luxury motor yachts. The Grand Banks brand is recognized across the globe for superior quality and craftsmanship which created one of the most acclaimed and highly sought-after yachts on the market today. The Group’s manufacturing facility is located in Pasir Gudang in Malaysia. Grand Banks has dealers based in North America, Europe and Asia-Pacific. Grand Banks was listed on the SGX in 1987 and upgraded to the Main Board in 1993. To learn more about Grand Banks visit our website: www.grandbanks.com.

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