[Mark IV]

As this is the Shelby-American forum I will limit my reply directly to the statement by Mr. Mike Hall. This is in no way to question nor comment on statements Mr. Fenimore has made. As I have said before I do not know Mr. Fennimore an therefor I give the courtesy I would extend to anyone else: You are considered a gentleman until you prove otherwise and Brent has not done anything to me to consider otherwise. The same statement applies to Mr. Hall.

I catagorically will state that neither myself, nor my partner in AC Cars North America LLC have EVER spoken with Mr. Hall.

We were aware of his ownership interest in the AC operation early on, at that time (1999) Mr. Hall was, I understand running Coca-Cola Japan according to Alan Lubinsky. In 2000 Mr. Hall was announced as "Co-Chairman" of AC.

Numerous times we phoned and asked to speak to Mr. Hall but we were never connected. Several e-mails addressed jointly to Mr. Hall and Mr. Lubinsky went un-answered and faxes addressed to Mr. Hall went unreturned. Our hope at the time was to engage Mr. Hall in a dialog to attempt to put our agreements and understandings back on track as we were having communications difficulties with Mr. Lubinsky.

I cannot speak to his comments about the relationship of AC to Private Corp Ltd. although they differ with information I have and documents that I have copies of. I would assume that any further revalations regarding that relationship may only be revealed via the legal system. I was not a party to those agreements and was only an "informed bystander" if there is such a thing.

I understand that Mr. Hall's posistion is that it was "not commercially benefical" to AC to continue a business relationship with my company, that is their right. The issues I have and have commented upon was the way this relationship was handled and eventually, terminated.

Richard C. Muck
Co-Managing Director
AC Cars North America LLC (corporation since disolved)

Edited for spelling (only 1 "N" in Fenimore!