As they belong to the same owner, THE LADY ANNE is often seen in the company of ADIX, and this regatta is no exception. THE LADY ANNE is a 15-meter gaff cutter which was built at Fairlie in 1912, originally belonged to George Coats of Paisley, owner of several yachts and steamyachts. She is one of the faster yachts taking part, and won the last Fife Regatta when it was held on the Clyde in 2003. Her topmast and bowsprit contain carbon fibre sheaths, a feature that causes much debate amongst the classic yachting fraternity. She was extensively rebuilt by Fairlie Restorations in 1998/99.