MarineMax Extends Its Financing Facility with GE Capital

  MarineMax Extends Its Financing Facility with GE Capital

Business Wire

CLEARWATER, Fla. -- August 02, 2012

MarineMax, Inc. (NYSE:HZO), the nation’s largest recreational boat retailer,
announced today that it has extended its existing financing facility with GE
Capital, Commercial Distribution Finance (CDF).

The facility provides for up to $150 million of floorplan financing. The
facility has a three-year term, expiring in June 2015, and it has two,
one-year options to renew, subject to lender approval. Borrowings under the
facility are secured primarily by the Company’s inventory that is financed
through the facility and related accounts receivable. The Company’s real
estate is not pledged. No significant changes were made to the existing
facility. The facility contemplates that other lenders may be added by the
Company to finance other inventory not financed under this facility, if
needed.

Michael H. McLamb, Executive Vice President, Chief Financial Officer and
Secretary of MarineMax stated, “Our over 14 year relationship with the GE
Capital team continues to remain very strong and provides the stability in a
lending partner that allows us not only to meet today’s financing
requirements, but also our growth plans for the future.”

Bruce Van Wagoner, President of CDF’s Marine Group, stated, “We have enjoyed
our long relationship with MarineMax. We are glad we remain their inventory
finance lender and believe this program will help them to achieve their growth
goals and objectives.”

About MarineMax

Headquartered in Clearwater, Florida, MarineMax is the nation’s largest
recreational boat and yacht retailer. Focused on premium brands, such as Sea
Ray, Boston Whaler, Meridian, Cabo, Hatteras, Azimut Yachts, Grady-White,
Bayliner, Harris FloteBote, Zeelander, Nautique and Malibu, MarineMax sells
new and used recreational boats and related marine products and provides yacht
brokerage and charter services. MarineMax currently has 53 retail locations in
Alabama, Arizona, California, Connecticut, Florida, Georgia, Kansas, Maryland,
Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma,
Rhode Island, Tennessee, and Texas and operates MarineMax Vacations in
Tortola, British Virgin Islands. MarineMax is a New York Stock Exchange-listed
company.

Certain statements in this press release are forward-looking as defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements include the Company’s assessment of its ability to obtain and
capitalize on growth opportunities. These statements involve certain risks and
uncertainties that may cause actual results to differ materially from
expectations as of the date of this release. These risks include the Company’s
abilities to reduce inventory, manage expenses and accomplish its goals and
strategies, general economic conditions and the level of consumer spending,
the Company’s ability to integrate acquisitions into existing operations, and
numerous other factors identified in the Company’s Form 10-K and other filings
with the Securities and Exchange Commission.

Contact:

MarineMax, Inc.
Michael H. McLamb, Chief Financial Officer, 727/531-1700
or
ICR, Inc.
Brad Cohen, 203/682-8211
bcohen@icrinc.com