Sale of CREO shares

25 March 2010

Real Estate Opportunities plc

Sale of CREO shares

Real Estate Opportunities plc ('REO' or the 'Company'), the real estate investment and development group active in the UK and Ireland and listed in London, Dublin and The Channel Islands, announces that it has disposed of its effective 16.9% stake (8,387,941 shares) in China Real Estate Opportunities plc ('CREO'), the AIM listed property company with an established investment and development property portfolio in China, for a consideration of £27.68 million. The proceeds will be received in cash and will be used for general working capital purposes. REO's share sale was part of the tender and placing by CREO announced on 23 March 2010.

Commenting, Ray Horney, REO Chairman said: "The REO Board is pleased with the successful execution of the sale of this non-core asset in generating substantial cash for REO and represents an important milestone in strengthening the Company's financial position."

ENDS

Contact:

Real Estate Opportunities plc

Ray Horney, Chairman

Tel: + 44 (0)1273 775 225

Sarah Moriarty, Investor Relations

Tel: +353 1 618 9455

Matrix Corporate CapitalPaul Fincham/Rob Naylor

Tel +44 (0)20 3206 7000

Goodbody StockbrokersLinda Hickey, Corporate Broking Tel +353 1 641 6017

Finsbury

Gordon Simpson/Ed Simpkins

Tel: +44 (0)207 251 3801

Murray Consultants

Ed Micheau

Tel: + 353 1 498 0300