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INTERNATIONAL

CORAL WORLDI N T E R N A T I O N A L

Coral World International Ltd.13th Floor Aurec Building

16 Abba Hillel St. Ramat Gan, Israel 52506Tel: 972 3 5762456 Fax: 972 3 5762636

www.coralworld.com

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Introduction 4-7

The Coral World Concept 8-9

Eilat, Israel 10-11

Maui, Hawai'i 12-13

Perth, Australia 14-15

Palma de Mallorca, Spain 16-17

Environmental Aspects 18-19

Educational Programs 20-21

Summary 22

Content

IntroductionI. MARINE PARKS OWNED AND OPERATED

1. The Underwater Observatory Marine Park, Eilat, Israel - Opened to the public in 1974.

2. The Aquarium of Western Australia (AQWA), Perth, Australia - Purchased and operated from 1991.

3. Maui Ocean Center (MOC), Maui, Hawai'i, USA- Developed by the company, and operating since 1998.

4. Palma Aquarium, Palma de Mallorca, Spain - The Palma Aquarium was opened in June 2007 and is on its way to becoming Mallorca’s number one attraction.

Each of the above parks is incorporated as a company registered in the country of operation and is owned by CWI.

Coral World International (also referred to as Coral World or CWI), originated in Israel in the mid-1970s when entrepreneur Morris Kahn and world-renowned marine biologist David Friedman envisioned a new kind of aquarium. The two founders developed the concept of an ocean observatory where tourists could

go underwater and closely observe the reefs and marine life - all without getting wet. In partnership with Ampal, the American-Israeli Corporation, Coral World launched the Red Sea Underwater Observa-tory (also known as Coral World Eilat) in Israel, and opened the site to the public in 1985.

For the first time, land-based tourists could observe and enjoy the fascinating world under the sea - a world previously seen only by divers.

Since then, Coral World International has grown to become a major player on the international area, with numerous marine parks, and is currently developing more new and exciting parks.

Marine parks owned and operated

Marine parks that have been sold to other operators

Assisting other marine parks

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MULTIMEDIA PROJECTS & OTHER ATTRACTIONS

The company is also developing various multimedia projects such as the "Oceanarium" based in Eilat – a motion theater (150 seats) that sends the visitors on a journey through the wonders of the sea.

The company has developed a new concept for histori-cal attractions and museums and is implementing this model in archeological sites and historic cities around the world, such as Pompeii and Venice through a sub-sidiary company: Vista Historica B.V.

Since the opening of the first park in 1975, more than 25 million people have experienced the wonder of the Coral World parks.

II. MARINE PARKS THAT HAVE BEEN SOLD TO OTHER OPERATORS

1. Coral World Virgin Islands, St. Thomas, Virgin Islands, USA – Constructed in 1978 and sold

in 1997.

2. Coral World Bahamas, Nassau, Bahamas – Constructed in 1987 and sold in 1995.

3. Oceanworld, Manly, Australia – Purchased in 1992 and sold in 1999 to The Sydney Aquarium.

III. ASSISTING OTHER MARINE PARKS

1. Undersea World, Jakarta, Indonesia – The company took part in the design and management of

the park.

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The Coral World ConceptCoral World Marine Parks introduce the public to the wonders of the underwater world through their unique display concept, using some of the world's most inno-vative technology to explore the ocean's depths.

The underwater ocean observatory is the most important element of the Coral World concept, let-ting visitors and tourists of all ages experience views previously only seen by divers and scientists. Located in Eilat, St. Thomas, and Nassau, underwater observa-

tories thrive in coral-growing areas where the water is clean and pure.

Visitors to the observatories cross a bridge extend-ing off-shore from the Coral World facility, and then descend beneath the waves while remaining perfectly dry! From the safety of the observatory, visitors can see fish and other reef-dwellers up close – an experience that has a profound and lasting impact on all who visit.

The acrylic tunnel turns tourists into underwater explorers, traveling through the depths of a huge pool containing local marine life. Found in the Coral World parks in Australia, Hawai'i, and Spain, the tunnel allows visitors to experience deep sea life, coming face-to-face with sharks and other ocean creatures as a moving walkway guides them through the attraction.

Coral World's open circulation system is a first-rate example of how advances in marine technology can affect how we see and experience marine life. By using this system, which supplies all exhibits with high-quality saltwater, Coral World can display live corals in addition to many exotic fish and invertebrates that are rarely seen outside their natural habitat. This innovation has hugely contributed to the beauty of Coral World's displays, which reflect the beauty of the deep.

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THE UNDERWATER OBSERVATORY MARINE PARK EILAT, ISRAEL

Coral World Eilat offers visitors a once-in-a-lifetime opportunity to explore the spectacular underwater landscape of the Red Sea. The unique Underwater Observatory is designed to provide people of all back-grounds, ages, and abilities with a safe, easy way to come face-to-face with marine life.

Located between the sunny resort city of Eilat, and the beautiful Eilat Coral Reserve, the Underwater Obser-vatory is a window through which the entire family can experience coral dwellers and the coral itself first-hand without getting wet!

Coral World's exhibitions of fish and other marine life include a Shark Tank, Turtle and Stingray Pool, and sev-eral aquariums, giving visitors an in-depth look at the vibrant colors and active ecosystems just a few meters beneath the surface.

The World of Sharks is an unforgettable glimpse of these exciting, fearsome creatures. Entered via Coral World's state-of-the-art simulator, this underwater production captures the life cycle of sharks in amazing High-Defi-nition footage.

Eilat Israelwww.coralworld.com/eilat

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SWIMMING WITH SHARKS MAUI OCEAN CENTER, HAWAI'I

Welcome to one of the most volatile coastlines on earth, home to some of the world's toughest and most dangerous creatures. Maui Ocean Center gives you the opportunity to meet, feed, and swim alongside some of these fascinating and deadly animals, getting up close to sharks and rays in a huge 750,000 gallon Open Ocean exhibit.

The displays in the Center are an accurate representa-tion of life at the edge of Hawai'i, showing a complete ecosystem from tiny plant life to huge predators surviv-ing in this natural environment. Absolutely everything in the exhibits is alive and as real as it is in the often inaccessible parts of Hawai'i's coastline.

A breathtaking acrylic tunnel guides visitors through the ocean depths, seeing the home of over 2,000 col-orful fish, mammals, invertebrates, and reptiles in an incomparable fashion.

Each of the Center's exhibits is dedicated to showcasing and explaining the importance of the sea and its inhab-itants to Hawaiian history and culture, helping visitors to understand the context of everything they see and experience while at the Center.

www.mauioceancenter.comMaui Hawai'i

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OCEAN SAFARI AQWA, WESTERN AUSTRALIA

Take a tour around 12,000 km of Australian coastline, seeing the amazing habitats of some of the world's most beautiful and intriguing creatures without even having to go outside. AQWA highlights five distinct marine environments from around Australia, ranging from the lively world of corals to the ferocious lives of sharks.

The unique AQWA Ocean Safari program introduces visitors to some of the world’s rarest animals, includ-ing humpback whales, sea lions, and dolphins. During the voyage, you will begin to piece together the impor-tance of every element to Australia’s history, legends, and modern-day surroundings.

Inside Australia's largest aquarium, the entire family can stroll through a giant acrylic tunnel, almost able to reach out and touch stunning coral formations, giant sharks, and a myriad of fish, rays, turtles, and other animals.

AQWA also offers visitors the opportunity to snorkel or dive with sharks, exploring the reef atmosphere in the Indian Ocean aquarium, and getting a true sense of the wonder and awesome expanse of the open ocean.

Perth Australiawww.aqwa.com.au

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Palma de Mallorca Spainwww.palmaaquarium.com

THE BIG BLUE PALMA AQUARIUM, SPAIN

Fifty exhibits showcase the wonders of the undersea world, bringing together animal and plant life from a variety of exotic locations, and taking visitors on an unforgettable journey into the deepest regions of the ocean.

Palma Aquarium is home to The Big Blue, the deep-est aquarium in Europe, and over 200 colorful species including several fascinating and ferocious varieties of shark! Vְisitors are free to explore the Big Blue, walk-ing through an amazing acrylic tunnel where all of the aquarium's inhabitants are just inches away from your fingertips.

The Aquarium's multi-story layout allows visitors to discover entire landscapes of marine life, from the jungle to Mediterranean gardens that bloom with exciting and unusual foliage, and are called home by many captivat-ing species.

Displaying over 8,000 different creatures in 55 aquari-ums, the Palma Aquarium is a remarkable and enchanting experience, introducing visitors to the wonder of global ecosystems and the way they affect everyday life on the planet.

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The beauty of Coral World marine parks is renowned and admired worldwide, and the company takes partic-ular care to do no harm to the local environment from which it draws the plant and animal life for its displays.

Coral World aquariums, which use the innovative open circulation system, extract natural seawater from the nearby open water, circulate it through the aquarium, and then expel the same water. This use of seawater preserves the quality of marine life in the displays, and ensures that visitors observe the fish and other creatures in as natural a habitat as possible.

The habitat within the aquariums is built up over a lengthy period, taking care to stabilize the internal envi-ronment with hardier species before introducing more sensitive species to the aquarium system. Marine life is carefully collected by our specialist personnel using hand-nets and lines, who observe a strict ecological code designed to limit the disturbance to wildlife.

Coral World's parks are supported by their local com-munities, and the government departments that oversee the parks have been convinced that the aquariums have no adverse effects on the environment. Coral World's facilities are proving to be beneficial to the preservation of endangered species, providing a safe, suitable habitat for breeding and research.

Environmental Aspects

Educational Programs Schoolchildren and college students are some of most enthusiastic supporters, visiting the parks to conduct research, participate in educational programs, and learn more about some very different "schools" that thrive offshore.

Coral World works together with local communities to encourage curiosity about the vast oceans and seas on their doorsteps, and to help students, community groups, and other interested citizens discover entirely new marine worlds. Coral World's programs can be conducted as work experience or as internships, pro-viding a unique opportunity to explore where only experienced scientists and divers have gone before.

The professional Coral World staff has created special activities and programs inspired by and tailored to the local communities that host Coral World parks.

Areas of interest include aquaculture and the preser-vation and breeding of rare and endangered species. External experts and universities are also welcome to take advantage of the Coral World facilities as part of their research into marine life.

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Coral World International’s wealth of experi-ence and unrivalled vision have contributed to the success of some of the world’s most beautiful marine parks.

CWI’s dedicated management and development team are strongly aware of the ways marine parks can be used to benefit and study aquat-ic life, including the fascinating coral reefs that are found in locations around the world. Coral World is constantly working to cooperate with local communities and to bring about a greater understanding of the undersea environment.

Benjamin Kahn, son of Morris Kahn, and cur-rent President of Coral world International, was recently cited by Time magazine as one of their Heroes of the Environment. His efforts to restore and protect the Eilat coral reef, and to promote clean water in the area, have won him plaudits from around the world, and are reflected in the Coral World environmental ethos.

The company’s four major parks have become popular destinations for tourists, students, and researchers, and continue to delight, educate, and inspire millions every year.

Coral World International continues to grow and to create amazing marine parks and tourist attractions worldwide, including new multime-dia projects, historical attractions, museums and more.

Summary