Riviera investors to nominate directors, Flag to solicit proxies

By Lisa Kerner

Charlotte, N.C., April 27 - Riviera Holdings Corp. investors led by Flag Luxury Riv, LLC intend to nominate the following persons to the company's board of directors at the 2007 annual meeting: Michael D. Rumbolz, Larry duBoef, W. Dan Reichartz, Thalia M. Dondero and Daniel W. Yih.

Flag is the beneficial owner of 418,294 shares of common stock. Additional reporting persons and the number of shares held include Rivacq, LLC with 627,442 shares and RHI, LLC with 418,294 shares, according to a schedule 13D filing with the Securities and Exchange Commission.

In a separate notice to Riviera's board, Flag requested to receive by May 3, the following:

• A complete record or list of the corporation's stockholders;

• A magnetic computer tape or cartridge containing the list of the holders of the corporation's stockholders requested above;

• All daily transfer sheets;

• A stop list or stop lists;

• A list of all stockholders owning 1,000 or more shares;

• All omnibus proxies and related respondent bank proxies and listings; and

• Any modifications, additions or deletions to any and all information listed above.

Flag plans to use the information to communicate with other stockholders concerning solicitation of proxies to vote their shares at the annual meeting.

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