SpacePortLeisure and International Leisure Development sign Agreement for SpacePortGranScala, a futuristic space city at Gran Scala in Aragon, Spain, a Planned 17 Billion Entertainment Tourism Destination.

Zaragoza, Spain December 13, 2007 — SpacePortLeisure (www.SpacePortAfrica.com), a South African company headquartered in Cape Town, is the visionary and developer of the space-themed leisure and entertainment concept and has a vision to build a global business around space-themed urban city lifestyle developments, location-based entertainment and hospitality (theme parks, entertainment centers, hotels and dining destinations), digital entertainment and electronic media. The initial geographic focus has been China, where SpacePortLeisure is establishing a significant footprint, and now Western Europe with SpacePortGranScala.

Imagine a global business built on futuristic learning and entertainment, and based on the wonders of the universe and mankind’s interaction with space — that’s SpacePortLeisure. Gran Scala is a 17 billion entertainment city to be built on 2,025 hectares in the Aragon desert and will include 32 casinos, hotels and five theme parks. A British-based consortium, International Leisure Development, whose major shareholders include Aristocrat Technologies, UFA Insurance, Ultragroup, Inc. Atlanta, USA, Europtima, and Tranchant Group, chose the location because of a possible 25 million catchment market (excluding foreign tourists) and its proximity to Zaragoza Airport, an important hub in the low cost air network. Zaragoza is also one of NASA’s Shuttle Tactical Abort Landing Sites (STAL).

The underlying core offer of SpacePortGranScala will be “Explore”, “Experience”, Innovate” and “Live”, themes that will be carried through SpacePortGranScala’s theme park, hotel, retail, and lifestyle real estate.

“Using space as a theme together with our human desire to explore, and with technology as the enabler, SpacePortLeisure will provide intelligent, stimulating, and fun-filled lifestyle, entertainment and learning experiences that will give freedom to transcend language and culture, thus creating dynamic new ways of learning and of building new communities across the globe. Our creativity will be as expansive as the Universe,” says Danny Naidoo, SpacePort Leisure’s recently appointed President & Chief Executive Officer, who, for the last five years, was a Microsoft South Africa Director, thus bringing a vast amount of knowledge and expertise to SpacePortLeisure. Only a privileged few will be able to experience a real flight into space. In conceiving the SpacePortLeisure concept, the goal is to give visitors and residents alike, an experience of “Stepping into Space” at our SpacePort destinations says Raoul Katovsky, SpacePortLeisure’s Executive Chairman, who announced SpacePortGranScala at a major international media briefing by the Aragon Government in Zaragoza today.

Visitors to a SpacePortLeisure theme park will be whipped away from Planet Earth for the day on an awe inspiring adventure normally only experienced by a select few space tourists. From the moment they arrive, they will start the illusion that they are departing for a journey into space and throughout this journey will be entertained by attractions for all to enjoy from educational interactive displays and simulations to the wildest roller coasters for the true thrill seeker.

SpacePortLeisure as a concept is in touch with the times and will always be contemporary. It is linked to space and mankind’s continuous exploration of his Universe. The concept has longevity since it is futuristic and sustainable through software technology. Since man first gazed up at the stars, he has been inspired to discover, to travel, to experiment, to invent and understand. SpacePortLeisure involves its visitors in the vision of the future through knowledge and innovation, providing a unique blend of education and entertainment.

The mission of our SpaceportLeisure destinations is optimistic, future oriented and involving in a unique way. Everyone really is an explorer, and explorers really will make incredible discoveries about the cosmos in the next century. This place will be the rightful home of those explorers. Our “A to A Prime” narrative story paradigm involves transforming the guest from a mere observer/tourist into a participant in the story. Just about everyone wants to be an explorer — this place is the home for these daring, courageous adventurers explains Hans Deuze, SpacePortLeisure’s Acting Chief Executive Officer for Location Based Entertainment & Hospitality.

Deuze is a former Euro Disney Imagineer. Whilst working at Euro Disneyland, Deuze had vast experience and training in live show operations and special events. In 2000, Deuze was the operational producer for Walt Disney Studio’s world renowned spectacular stunt show called “Moteurs:Action” involving specially designed cars, motor bikes, jet skis and a large cast of actors, stuntmen, technicians and support staff.

SpacePortLeisure is set to break ground late next year for SpacePortGranScala, a 95 hectare destination with a development cost of some 500 million. “BRC Imagination Arts, of Burbank, California, who have done major projects for NASA’s Kennedy Space Center and Disney, to name but a few, will generate the SpacePortGranScala Master Plan” says Katovsky.

SpacePortGranScala and the now fully funded US$330 million SpacePortShenyang in North East China are the first of several SpacePortLeisure destinations that are in the pipeline.

About SpacePortLeisure:

SpacePortLeisure, based in Cape Town, South Africa, has been developing the SpacePort concept since 2002 and is now fast tracking its commercialization, starting with the now fully funded US$330 million SpacePortShenyang Theme Park. SpacePortLeisure and its international, high profile Strategic Partner Network is well equipped to meet the challenging deadlines. In addition to theme parks and edutainment centers, hotels and dining destinations, digital entertainment and electronic media, SpacePortLeisure plans to be the premier space edutainment portal on the World Wide Web. SpacePortLeisure produces the SpacePort high-tech 4-D animated simulation rides and other proprietary special effects content in Cape Town, taking advantage of the well established film and ICT sectors, having the full backing and support of the Cape Film Commission and Wesgro, the Government’s Western Cape economic development agency.

For further information, please visit www.SpacePortAfrica.com from 00:01AM PST, Thursday, December 13, 2007.

The complete Press Release is available at: http://www.spaceportafrica.com/news_GS#1-12-07.html from 00:01AM PST, Thursday, December 13, 2007.

Media Contacts:

Raoul Katovsky
Executive Chairman
SpacePortLeisure
Email: katovsky @ SpacePortAfrica.com
Telephone: 27 (0)82 442-8602

Danny Naidoo
President & Chief Executive
SpacePortLeisure
Email: DannyNaidoo @ SpacePortAfrica.com
Telephone: 27 (0)83 302 2272