Asian Mile Challenge expanded for 2006

In addition to the prize money on offer, a bonus structure is in place to

encourage ongoing participation in the series. If a horse sweeps all four

events, he will reap an extra $4 million windfall; a three-time victor will be

rewarded with $2 million; and the winner of two legs stands to receive a $1

million bonus.

"I strongly believe that horse racing must have such international

development in order to obtain a wider following and more support from our

fans," said Masayuki Takahashi, the Japan Racing Association's president and

chief executive. "The Asian Mile Challenge will be a vehicle to share its spirit

and excitement with fans by having the world's top horses cross the borders and

compete in great international events."

Lawrence Wong, Chairman of the Asian Racing Federation and Chief Executive of

the Hong Kong Jockey Club, underscored that point.

"The competition from other

sports is intense, but through the combined efforts of these leading

Thoroughbred nations, we will rise to the challenge and continue to position

racing as the King of Sports," he said.