Press Room

Trading Statement

Update ahead of new year-end

American Leisure Group Limited (AIM: ALGL), "The vacation resort company", announces progress on its development activities and a change of year-end.

The development of the first pre-sold units in the initial phase of ALG's Sonesta resort in Orlando, Tierra del Sol, is now well underway. This includes the construction of 206 town home units, together with a high quality water park and related amenities. This phase remains scheduled for completion in time to open, as planned, in early Summer 2008.

As reported at the time of its IPO, ALG has successfully pre-sold units at its Sonesta resort in Orlando with a sales value of over US$300 million.

The change in both US and global credit market conditions over the past three months has affected the general availability of construction finance for US development. As a result, the Company has experienced some delays in securing debt to finance the construction of a proportion of its units and certain corresponding recreational facilities.

The pace of construction to date has therefore been slower than originally anticipated. As a result, the Board of ALG does not expect to achieve the revenue and earnings over the next few months by when it was originally envisaged. Nevertheless, the Board does expect to achieve all of those delayed revenues originally projected.

The Board of ALG believes there has been a recent improvement in the attitude of financiers for construction in Florida, particularly towards holiday resort development in prime locations such as Orlando and is pleased to report that it has recently secured construction facilities aggregating approximately US$28 million. ALG is now in active discussions on further construction facilities. The securing of further facilities will enable ALG to accelerate the pace of the resort construction, thus mitigating the effects referred to above.

The Board of ALG remains confident in the prospects for the Group and believes that 2008 will be a year of solid progress. It feels the quality of ALG's planned resorts, particularly with the extensive and highly attractive water park and other amenities, together with their prime geographical position in Orlando, has long-standing appeal to customers. Indeed, ALG has been encouraged by the response to its recent marketing of an additional phase of resort units, where initial sales are in line with expectations.

Accounting reference date

In order to reconcile with the 31 December accounting date of ALG's US subsidiary, American Leisure Holdings, Inc., the Board of ALGL has decided to change its accounting reference date from 31 July to 31 December. Its first audited accounts will be prepared for the period ending 31 December 2007.

For further information:

American Leisure Group Limited
Fred Pauzar, Director of Corp. Development Malcolm Wright, Chief Executive Officer	Tel: +44 (0) 7866 066 669 : +44 (0) 20 7398 7700
	www.americanleisuregroupltd.com

Media enquiries:

Abchurch
Heather Salmond / Gareth Mead	Tel: +44 (0) 20 7398 7700
gareth.mead@abchurch-group.com	www.abchurch-group.com