Sealegs Share Placement to Fisher Funds

Sealegs Share Placement to Fisher Funds

Auckland, 13 March 2007: Sealegs Corporation Limited (NZX:SLG) has today announced that it has placed a new issue of 1.7 million shares at 58 cents to Fisher Funds.

Sealegs CEO David McKee Wright says, “We are very pleased to have Fisher Funds onboard as an institutional investor in Sealegs”.

ENDS

About Sealegs Corporation

Sealegs Corporation Limited is a public company listed on the New Zealand Stock Exchange Main Board with the ticker symbol SLG.
Sealegs Corporation owns 100% of Sealegs International Limited, the world's leading manufacturer of amphibious boats.
Sealegs International has developed a patent-pending system of hydraulically motorised, steerable and retractable wheels for amphibious boats.
Sealegs set a new world record for the fastest crossing of the English Channel by an amphibious vehicle in June 2005.
Sealegs amphibious boats are used by customers in New Zealand, Australia, UAE, France, UK, South Korea, Kuwait and the USA.
For more information on Sealegs see www.sealegs.com
For high resolution media photos see www.sealegs.com/infomedia.asp

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