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[2008-02-05] NAIADE RESORTS LTD-Cautionary AnnouncementThe Directors of Naiade Resorts Ltd, after careful consideration and having regard to the time, effort and reward in operating Desroches Island Lodge in Seychelles, have signed a Memorandum of Understanding for the sale of the shareholding (40%) of Naiade Resorts Ltd in Desroches Island Lodge Ltd and termination of the Hotel Management contract. The sale consideration has been agreed at Euros Three Million Five Hundred Thousand. The sale is subject to a number of conditions precedent including approval by the relevant Authorities. The Shareholders and the public at large are advised to be cautious when dealing in their shares. By Order of the Board Sylvia Maigrot Poseidon Limitée Secretary This 5th February 2008 This communiqué is issued pursuant to Listing Rule 11.3 The Board of Directors of Naïade Resorts Ltd accepts full responsibility for the accuracy of the information contained in this communiquéSource: © 2003 Associated Brokers Ltd.