Valencia, December 11th, 2006

The Spanish America’s Cup Challenge has reached an agreement with Cayard Sailing Inc to provide the services of Paul Cayard in the assessment of the technical and sporting area of Desafío Español 2007 SA for its participation in the 32nd America’s Cup.

Paul Cayard will be assessing the team in the performance of its new ESP 97 during the weeks leading up to the Louis Vuitton Cup.

Cayard is one of the most experienced sailors in the world having competed in five previous America’s Cup events, as well as two Olympic Games. In addition to being a seven time world champion, Cayard also led the “Il Moro di Venezia” and the “America One” America’s Cup campaigns.

Most recently, Cayard skippered the “Pirates of the Caribbean” entry in the Volvo Ocean Race 2005-06. Cayard was also the first American to win the “Whitbread Round the World Race” with the “EF Language” in 1998.

Paul Cayard will reinforce the solid sport structure of the “Desafío Español 2007”. Cayard’s experience means a step forward in the Spanish Team’s firm bet to be in the top rankings of the Louis Vuitton Cup.