Crescent Hydropolis Resorts PLC 22 July 2005 New York Isle of Man London Dubai Monaco PRESS RELEASE The Directors (Directors) of Crescent Hydropolis Resorts PLC (the Company) announce that on 20 July Crescent Hydropolis Holdings LLC (CHH), a New York-registered limited liability company, advised the Company of its distribution of all 60,000,298 ordinary shares of €0.01 each (Ordinary Shares) to the members of CHH for no consideration, and that as a result CHH is no longer a shareholder of the Company. The Directors also announce that The Hydropolis Group LLC (HYG), a New York-registered limited liability company, has advised the Company that it has distributed to certain of its members for no consideration 4,462,500 Ordinary Shares representing 5.53%. HYG continues to hold 2,412,500 Ordinary Shares representing 2.99%. The distribution of CHR's Ordinary Shares by CHH has raised the shareholdings of Klaus Foerster "Poseidon Account", Klaus Foerster "Apollo Account" and Klaus Foerster "Neptune Account" to 34,300,149 Ordinary Shares, 10,250,000 Ordinary Shares and 12,125,000 Ordinary Shares respectively representing 42.50%, 12.70% and 15.02% of the Company's interests respectively. Mr Foerster holds these interests in trust. Further, as a result of the distributions, the Company's Executive Chairman and Director, Mr Joachim Hauser, due to his connections with the beneficiaries of the Poseidon Account, Apollo Account and Neptune Account, is interested in 46,425,149 Ordinary Shares representing 57.52% of the Company's interests, reduced from 66,375,149 Ordinary Shares representing 83.62% of the Company's interests prior to distribution. Further, as a result of the distributions, the Company's Chief Executive and Director, Mr Mansoor Ijaz, has raised his direct shareholding interests in the Company to 2,625,000 Ordinary Shares representing 3.25%. Additionally, The Ijaz Group Inc, a company controlled by Mr Ijaz for the benefit of his minor children, now holds 600,149 Ordinary Shares representing 0.74%. By virtue of the fact that The Crescent Investment Group Inc (CIG) serves as minority managing member and tax matters partner of HYG, and by virtue of the fact that Mr Ijaz is a principal shareholder of CIG, Mr Ijaz is affiliated indirectly with HYG. HYG and certain persons connected, associated or affiliated with HYG form the Apollo Investors whose interests have been specified above under Klaus Foerster "Apollo Account". As principal shareholder of CIG which serves as minority managing member of HYG, Mr Ijaz's shareholding interests are deemed to include the interests of HYG held through Klaus Foerster "Apollo Account" and amount to 13,725,149 Ordinary Shares in aggregate representing a sum total of 17.01% when taken together with his direct shareholding interests and those of persons connected to him in the Company. Director Richard Armstrong retains a 0.54% interest in the Company arising from the 437,500 Ordinary Shares held by his wife, Pamela Armstrong. Directors Joachim Kundt and Laurence Keenan have no shareholding interests in the Company. As a result of the distributions, CHH founding member Suhail Al Dhaheri has increased his holdings to 3,525,000 Ordinary Shares, representing 4.37% of the Company's interests and has therefore entered into a Lock-In Agreement with the Company's Nominated Adviser. For further information contact:- Mansoor Ijaz Tel:- 07717 333 137 (Chief Executive) This information is provided by RNS The company news service from the London Stock Exchange