Detroit Yacht Club Named Presenting Sponsor of 2011 Detroit APGA Gold Cup Races

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Detroit, MI, March 28, 2011 – The Detroit Yacht Club, one of the oldest and most
prestigious clubs in North America, has been named the Presenting Sponsor of the 2011
Detroit APBA Gold Cup Races, scheduled to take place July 8 – 10 on the Detroit River.
The announcement was made by the Detroit River Regatta Association (DRRA), host
organization for the race and representatives from the Detroit Yacht Club.

As Presenting Sponsor, the Detroit Yacht Club will lead the fundraising efforts for the
event in July, including seeking businesses, individuals and clubs to help preserve one of
the oldest, ongoing events in the city.

“This is a tremendous honor for the Detroit Yacht Club to team up with the DRRA in
such a special, uniquely Detroit event,” said Dr. A.J. Telmos, Commodore, Detroit Yacht
Club. “Just like the DYC, the Gold Cup Races have a long history with Detroit and
southeast Michigan.”

The Gold Cup is considered the oldest contested motorsports trophy in the world, with
Detroit hosting the longest running, yearly hydroplane race in the world. The race will
take place Friday, July 8 through Sunday, July 10 at the Detroit River racecourse, an oval
course just north of the Belle Isle Bridge and considered the most famous powerboat
racecourse in the world.

Additionally, the Detroit Yacht Club is hosting a fundraising dinner party and silent
auction to benefit the 2011 APBA Detroit Gold Cup Races on Friday, May 6. The event
is open to the public and any other private club member. For tickets or more information,
contact the Detroit Yacht Club at 313-824-1200 or email catering@dyc.com.

“The May 6 fundraiser is an investment in Detroit’s riverfront community and will help
keep the tradition of hydroplane racing alive on the Detroit River,” said Tom Bertolini,
President, DRRA. “The economic climate remains challenging and we are counting on
the generosity of the people of Detroit and southeast Michigan to support a 107-year-old
tradition which this year will feature the popular turbine powered unlimited hydroplane
class along with more automotive powered boats.”

The three-day event will feature a “free Friday” with no admission charge. In addition to
the unlimited hydroplanes, vintage race boats, superlight tunnel boats and offshore race
boats will be featured. The U.S. Navy’s West Coast Super Hornet Demo Team will be
returning this year, performing flight demonstrations with one of the Armed Forces’ most
impressive aircraft, the FA-18.

“This year’s Gold Cup will feature an outstanding race line up and a host of other
activities,” added Telmos. “We encourage everyone to attend this family friendly event
along Detroit’s beautiful riverfront and support more than a century of racing tradition.”
For ticket information, contact the DRRA at 586-774-0980 or visit www.gold-cup.com.

Founded in 1868, the Detroit Yacht Club is one of the oldest and most prestigious
private clubs in North America. The Detroit Yacht Club has been the center of Detroit
society for nearly 150 years and continues a proud tradition and commitment to
excellence and quality service to its members and the community. Offering boating and
social memberships, the Detroit Yacht Club offers a first class dining experience,
premier docking facilities in a picturesque location on Belle Isle, along with a variety of
social events, recreational, athletic, health and fitness services. For more information,
please call 313-824-1200 or visit www.dyc.com.

The APBA Gold Cup, first presented in 1904, is the ultimate motorsport prize,
considered the most prestigious powerboat racing trophy in the world. The Gold Cup
began its relationship with Detroit more than 100 years ago and it is the oldest annual
unlimited hydroplane race in the world. For more information, contact the Detroit River
Regatta Association (DRRA) at 586-774-0980 or visit www.gold-cup.com.