Closure of Airport

For Immediate Release 28 April 2011

Sutton Harbour Holdings plc (the "Company")

Closure of Airport

The Company today announces that it intends to cease the operation of Plymouth City Airport by the end of 2011. Plymouth City Airport has been loss making for a lengthy period of time and the Board has concluded there is no realistic prospect of trade improving in the near future.

Plymouth City Airport Limited, a wholly owned subsidiary of the Company, holds a 150 year lease agreement with Plymouth City Council for the airport (143 years unexpired at a peppercorn rent). The Company will retain the lease following the closure of the airport.

In line with its stated intention the Company is focused on waterfront regeneration and developing new opportunities closely related to its core marine and regeneration activities.

 Enquiries:

Nigel Godefroy, Chief Executive Tel: 01752 204186

Sutton Harbour Holdings plc

Bobbie Hilliam/Patrick Castle,Evolution Securities Tel: 020 7071 4300

Richard Day, Arden Partners Tel: 020 7398 1600

Paul Vann, Winningtons Financial Tel: 0117 985 8989 or 07768 807631