News: AAD Ardent Leisure provides clarification on d'Albora Marinas sale process

May 11 (Reuters) - Ardent Leisure Group (AAD) :

• D'albora marinas sale process (AAD)
• Notes speculative media commentary concerning sale of d'albora marinas

  portfolio and would like to provide clarification to market and investors

• Formal and transparent sales process for the d'albora marinas portfolio has

  now commenced"

• Capital improvements & extended lease tenure increased value of d'albora

  marinas portfolio; historical book valuations no longer relevant

• Sale process of d'albora marinas would not be undertaken till certain capital

  improvements had been carried out, lease tenure maximized