Appointment of Joint Broker

Real Estate Opportunities Limited (the “Company”) is pleased to announce that Matrix Corporate Capital LLP has been appointed as joint broker to the Company with Goodbody Stockbrokers.

Interim Management Statement

Real Estate Opportunities (‘REO’ or the ‘Company’), a property company listed in London, Dublin and The Channel Islands with an established investment and development property portfolio in Ireland and the UK, has issued the following trading update in relation to its performance for the 20 weeks to 17 November 2008

“In light of the current difficult economic climate, the REO Directors are satisfied with the Company’s performance in the period.  The Board remains confident that REO is well positioned in this current market environment through intensive asset management of its resilient income producing portfolio and its well timed long-term development pipeline. Although we remain cautious about the outlook for the overall property market in Ireland and the UK in the coming months, REO will maintain this focus to support its objective of outperforming the market through the current  property cycle and beyond”, commented
Ray Horney, REO Chairman.

Financing

• Since 30 June 2008, the Company has secured an increase of £40 million in the existing £185 million Battersea Power Station debt facility and the extension of the term of this facility from December 2009 to March 2011. The additional funds will be used to finance the costs of the Battersea Power Station planning application which is due to be lodged in 2009.
• The Company has secured an increase of €50 million in an existing loan facility which is secured against REO’s income producing investment portfolio in Ireland and matures in 2013 (unchanged).
• During the period, REO completed the sale of its interest in Northside Shopping Centre, Dublin for €29.75 million, representing a 60% uplift over the property's valuation in the June 2008 accounts.
• The Company maintains close relationships with its main lending banks and continues to refinance shorter term debt in advance of its maturity, as evidenced by the Battersea facility extension referred to above.
• The property portfolio was last revalued on 30 June 2008 when the Group reported a year-on-year increase of 4% in the sterling value of its investment and development portfolios. The property portfolio will next be valued by an external valuer on 31 December 2008.

REO investment portfolio: continued strong performance

• REO’s income producing portfolio represents over 53% of its total portfolio by value.
• REO has continued to place a strong emphasis on intensive asset management and its investment portfolio has continued to perform strongly in the period, underpinned by prime office and retail locations and high quality tenants.
• Portfolio occupancy remains at over 95%.
• Rent weighted average lease length is approximately 15 years.
• There are a number of investment properties in the Company’s portfolio which provide rental income while also having refurbishment and redevelopment potential, enabling significant value enhancement in the future. Examples of these include Baggot Buildings and Stillorgan Shopping Centre in Dublin.

Development highlights: well timed development portfolio strategy adds value

• REO has limited development completions in the next two years but it is continuing to proceed with planning applications for a number of development projects in order to position the Company for medium term growth.
• Progress on planning applications in the period include:
• Ballymun Shopping Centre: In October, the Company lodged a planning application to develop ‘Ballymun Town Centre’, an €800 million mixed use development in the heart of the Ballymun regeneration area in North Dublin.   The proposed new town centre is on a 5.9 hectare site with a projected population of 40,000 people. The development is strategically located in the heart of North Dublin and has easy access to the airport, Dublin City Centre and the M50, M1 and M2 motorways. It is at the heart of the economic corridor between Dublin Airport and Dublin City Centre, while a Metro stop on the planned Metro North line will also be integrated into the development.  In addition, the town centre will only be a short distance from the only IKEA store in the Republic of Ireland which is expected to open in 2009. The proposed development will comprise over 60,000 square metres of retail space, 27,883 square metres of office space and over 11,000 square metres of leisure facilities.

• Clonburris, Clondalkin: Following designation as a Strategic Development Zone, the masterplan for this area was given approval by An Bord Pleanala in November 2008.  REO has assembled a design team with a view to lodging a full planning application of 237,000 square metres for the development of a major town centre facility on the Company’s 37 acre site and this process is now underway.
• Good progress continues on the two office development projects which are currently under construction: Number 1, Central Park, Dublin 18 (17,650 square metres) and Montevetro, Barrow Street, Dublin 4 (19,500 square metres) which are expected to complete by late 2009 and late 2010 respectively. Marketing campaigns on both developments have recently been launched. The Montevetro development is 50% pre-sold.
• The Company has negligible development exposure to the Irish residential sector in the short term. Its development pipeline, which includes residential in a number of mixed use schemes, will see delivery of it in approximately 3 to 7 years time, which we believe to be the period when residential demand growth will have returned to the market.

Battersea Power Station:
Following the public launch of the development masterplan for Battersea Power Station in June 2008, plans are progressing well as consultation continues with officers and members including the Leader of the London Borough of Wandsworth, statutory consultees of the Greater London Authority, the Mayor of London, English Heritage, the Commission for Architecture and the Built Environment and the Government Office for London. Feedback is being incorporated into an enhanced scheme design.  The scheme has also been presented to a substantial number of members of the public with over 15,000 visitors to the public exhibition at the site, over two thirds of whom were supportive of the scheme. The additional debt facilities that have been recently secured will be used to finance the costs of the planning application which is due to be lodged in 2009.

Irish Property Market
Office: Take-up in the Dublin office market in Q3 2008 was resilient as 58,500 square metres of lettings were signed in the quarter. However, a substantial proportion of these were pre-letting agreements and occupier demand continues to weaken. While some office occupiers have put expansion and re-location plans on hold, new Dublin office supply in the next two years will be very modest as output has been reduced significantly in the last 12 months, helping the market move towards equilibrium. (Source: CBRE)

Retail: Retail sales volumes continued to weaken in the period and latest published data reported a decline of 5.5% in the year to August 2008. Sales in retail sectors have been mixed and those sectors linked to housing have been most adversely affected and indicative of the falloff in residential construction. Lower consumer spending is affecting some parts of the retail property market and some expansion plans have been put on hold. Despite this, there has been limited pressure on rental values to date but lease incentives and inducements are becoming more common. In addition, demand, particularly from international retailers, remains but is very location specific. (Source: CSO, CBRE)

Residential: The Irish residential market remains stagnant in terms of activity as supply overhang remains and demand is weak. House completions in the nine months to September 2008 were 39,986, 29% less than in the same period in 2007, with full year 2008 market forecasts of 47,500 and between 25,000 and 35,000 in 2009. This lower output may go some way to eroding the existing supply overhang. House prices have been falling in Ireland now for 19 months, longer than in many other countries, and this, combined with falls in interest rates, means that Irish housing is now significantly more affordable than it has been for some years and in 2009 is expected to drop to 1997 affordability levels. (Source: AIB Economic Research).

Extension of Credit Facilities

Real Estate Opportunities Limited (‘REO’ or the ‘Company’) is pleased to announce that it has recently secured the following additional bank facilities:

• An increase of £40 million in the existing £185 million Battersea Power Station debt facility and the extension of the term of this facility from December 2009 to March 2011. The additional funds will be used to finance the costs of the Battersea Power Station planning application which is due to be lodged in 2009.

• An increase of €50 million in an existing loan facility which is secured against REO’s income producing investment portfolio in Ireland and matures in 2013 (unchanged).

REO Chairman, Ray Horney, commented:

“REO’s ability to secure additional funding and to extend the term of debt facilities, despite this unusually turbulent period in credit markets, highlights the strong financial position of the Company.  Its robust income producing portfolio and long term development portfolio pipeline underpins this position and should give further confidence in its ability to secure continued growth in the medium term”.

Appointment of Broker

Real Estate Opportunities Limited (the “Company”) is pleased to announce that Goodbody Stockbrokers has been appointed sole broker to the Company with immediate effect.

Planning Application for a new €800 million Ballymun Town Centre Submitted

Treasury Holdings has today lodged a planning application to develop ‘Ballymun Town Centre’, an €800 million mixed use development in the heart of the Ballymun regeneration area in North Dublin.   The proposed new town centre on a 5.9 hectare site will be the final piece in the completion of the Ballymun regeneration programme and the centrepiece of a new town with a projected population of 40,000 people.

Mr. Niall Kavanagh, Director of Development at Treasury Holdings Ireland said, “This is the culmination of years of consultation and hard work with the community, Ballymun Regeneration Ltd. and Dublin City Council. We are delighted to have come this far and we expect that we can complete the development by 2012.”

“The Ballymun area has changed dramatically over the past few years. The publication of the Ballymun Regeneration Completion Report, the opening of the new IKEA store in 2009 and the confirmation of the Metro north project with a station at Ballymun, together, provide an ideal environment for the progression of this development.”

“A significant number of jobs will also be created through this development and these will greatly benefit the local community. 2,000 jobs will be generated during the construction phase and 8,500 direct and indirect jobs will be created once complete.”

 “The Ballymun Town Centre scheme has been designed as a truly sustainable open streets scheme which will become a focal point for the local community. It will provide much needed quality shopping and leisure facilities, and dramatically enhance the range of services for local residents. There will be a new Civic Square at the heart of the scheme which will cater for a host of new restaurants and cafes and a large leisure and cinema complex which will overlook this new public space,” he concluded.

The development is strategically located in the heart of north Dublin and has easy access to the rail network, the airport, Dublin City Centre and the M50, M1 and M2 motorways. It is at the heart of the economic corridor between Dublin Airport and Dublin City Centre, while a Metro stop on the new Metro North line will also be integrated into the development.  The station will provide access to the City Centre in 15 minutes and to Dublin Airport in 10 minutes.  In addition the town centre will only be a short distance from the only IKEA store in the Republic of Ireland which is expected to attract 2 million visitors per annum.

The proposed development will comprise over 60,000 sq.m of retail space, 27,883 sq.m of office space and over 11,000 sq.m of leisure facilities including an 11 screen cinema, bowling alley, family entertainment centre and a child drop in centre.

Complementing 367 residential units will be; state-of-the-art civic amenities, a public library, child friendly amenities, along with car parking spaces and cycle spaces in the new town centre.

Treasury Holdings has been a pioneer in the property sector, both in Ireland and internationally, identifying and capitalising on emerging trends across the globe. The company’s portfolio includes state of the art residential, commercial, retail and leisure developments in Ireland, the UK, London, Russia and China.

The company has been responsible for landmark developments including the largest urban regeneration in Ireland at Spencer Dock, and the country’s first Ritz Carlton Hotel in Powerscourt, Co.Wicklow.

Appointment of Joint Broker

Sale of Property

Real Estate Opportunities Ltd (“REO”) is pleased to announce completion of the sale of its interest in Northside Shopping Centre, Dublin to Headland Property Holdings, a private company owned by Brian O’Farrell. The sale price of €29.75 million, paid in
cash, represents an uplift of €11.175 million over the property's valuation in the recently published June 2008 accounts.

Commenting on the sale, Ray Horney, REO’s Chairman said:-
"We are pleased with the outcome of this transaction which delivers a handsome profit to REO on a property acquired less than two years ago. The sale price is 60% over the latest valuation and reinforces our view that this company can deliver outperformance even in challenging market conditions."

Highlights

• Property portfolio value grew by 4 per cent over the period to £1,848.1 million benefiting from the strength of the euro against sterling.
• Diluted EPRA Net Asset Value declined by 7 per cent from 143.9p per share to 134.2p per share.
• Irish portfolio performed in line with expectations, with positive results of up to 25 per cent achieved on recent rent reviews in Dublin.
• Masterplan for Battersea launched and receives positive initial response: planning submission to be made in early 2009.

“The Directors are satisfied that, against an increasingly harsh economic environment in both Ireland and the UK, performance across the portfolio has been positive. Despite a tough economic climate at present in both the UK and Ireland, the range of projects within the portfolio underpins the prospects for continuing growth in the medium term. Nevertheless, the general outlook for the remaining six months of 2008 is one of caution.”

Please click here to read the full Interim Management Report as a PDF.

Voting results from the Annual General Meeting on 11.06.08

Adoption of International Financial Reporting Standards (IFRS)

The Board announces that Real Estate Opportunities Limited will prepare its interim financial statements for the 6 months to 30 June 2008 in accordance with IFRS.These accounts will include comparable financial information, prepared in accordance with IFRS, for the year ended 31 December 2007 and the 6 months to 30 June 2007.

The Company will announce its interim results by 29 August 2008.

The interim accounts will also include the net asset value and earnings of the Company in accordance with the European Public Real Estate Association guidelines. EPRA earnings are the profit after taxation excluding investment property revaluations and gains/losses on disposals, intangible asset movements and their related taxation. EPRA net assets value (NAV) is the balance sheet net assets excluding the mark to market on effective cash flow hedges and related debt adjustments, deferred taxation on revaluations and diluting for the effect of those shares potentially to be issued under employee share schemes.

The Board of Real Estate Opportunities Limited is pleased to announce the launch of the masterplan for Battersea Power Station. Below is the press release which will be issued at the official launch.

Battersea Power Station is reborn!

Real Estate Opportunities Limited (“REO”), a London listed property company, today launched its new vision and masterplan for Battersea Power Station.

The iconic Battersea Power Station is to be brought back to life in the most advanced sustainable development ever to be built in this country.

For the first time in a quarter of a century, Battersea Power Station will be used to generate electricity again but from renewable sources rather than coal.

Rob Tincknell, Managing Director of REO’s development manager, Treasury Holdings UK, said: “We don’t embark on projects that we can’t deliver. We are determined that Londoners will not be disappointed and this area will be brought back to life in the most spectacular way. It will be a place to live, work and play.”

Alongside the existing power station there will be a new landmark, high quality building designed by the world-renowned architect Rafael Vinoly, which will be the cleanest and greenest building in London through innovative use of natural ventilation.

A spectacular 300 metre high Chimney and Eco-Dome will dramatically reduce carbon emissions of the 38 acre £4 billion development. The Chimney will also house apartments with panoramic views over London. The largest solar driven natural ventilation system ever conceived will eliminate the need for air conditioning for the commercial and ground floor retail accommodation.

The Chimney will draw air up through a campus of high quality individual office buildings which are covered by the light, transparent Eco-Dome, made of material similar to that used at the Eden Project. Up to 3,000 cubic metres per second of air will be drawn through the system on a sunny day, reducing energy demand in the buildings by 67%.

REO is planning to spend £150 million on saving and repairing Sir Giles Gilbert Scott’s 1930s power station, with the key historic spaces retained and open to the public. It will be developed to incorporate hotel, residential and retail accommodation. It will once again be used to produce power with a new combined cooling, heat and power plant, but this time using biofuels, waste and other renewable energy sources. Two of the existing power station’s chimneys will be reused as flues for this new Energy Centre.

The masterplan, unveiled today by Treasury Holdings UK on behalf of REO, will regenerate an area of London that will provide approximately 8 million square feet (750,000 square metres) of residential, office and retail space. There will be a six acre public park, a riverside walk and an urban square.

The Battersea Power Station development will be home to around 7,000 people and up to 20,000 new jobs will be created. More than 3,200 homes will be built on the site and 2,500 jobs will be created during the construction phase.

It is planned that construction work will start in 2012 and the development will be completed by 2020 – depending on the speed of the planning process.

The site is the single largest development site in central London and will act as a catalyst for the regeneration of the wider Nine Elms Corridor.

Treasury Holdings UK is in discussions with Transport for London and other landowners in the Nine Elms about building an extension of the Northern Line from Kennington to bring the Tube into the heart of Battersea.

The development has six key objectives:

• The sensitive regeneration of Battersea Power Station
• The creation of a zero carbon environment
• The delivery of a sustainable mixed-use development which will ensure marketability and strong demand
• To act as a catalyst for regeneration of the Nine Elms Corridor
• To ensure that the project is totally deliverable
• To facilitate a sustainable public transport solution

Rob Tincknell said:

“Climate change is the 21st century’s most urgent challenge and has not been adequately addressed by the development sector. At times like these we are required to open our minds and take a big leap.

“This will be a power station for the 21st century, sitting alongside Sir Giles Gilbert Scott’s building and supporting a truly sustainable, zero carbon development.

“We believe that we all have a responsibility to commit to true sustainability through groundbreaking innovation and we believe that our development will enhance London’s reputation as a leading global city.

“The preservation of Battersea Power Station alongside contemporary architecture will enhance its importance by juxtaposing old and new. Londoners have a strong emotional attachment to this building but most of all they want to see something positive happening on this site. We will meet and exceed their expectations.”

Rafael Vinoly said:

“Centered on the reconstruction of the remarkable architectural presence of the Power Station, the design introduces a fluid geometry for the new residential buildings that helps guide public access to the site and the waterfront. The open character of the vast industrial naves designed by Gilbert Scott is maintained and the chimneys are brought back into operation, utilized to exhaust water vapour produced by a new biofuel energy plant located in the basement.

“Offset from the volume of the Power Station, a near transparent shaft counterpoints the monumental mass of the building, providing a naturally ventilated office complex. A transparent envelope accommodating a distinctive public space, with access to a new underground station, connects to an adjacent residential component.

“The visual presence of this near transparent marker on the skyline defines a new opportunity area signalling London's commitment to innovation and sustainability.”

Irish Times Property: Top rents for top-end penthouses in docklands

AT €10,000 a month the penthouses in the Alto Vetro residential tower are among the most expensive apartments in Dublin. Treasury Holdings' 16-storey apartment tower, at the corner of Pearse Street and Grand Canal Basin in Dublin 2, has elevations made entirely from glass. Developer Treasury Holdings has pulled out all the stops to create a chic city pad. Apartments range in size from 79sq m (850sq ft) to 232sq m (2,500sq ft) and come complete with custom-made furniture. Style at this level doesn't come cheap and selling agent Sherry FitzGerald is looking for rents ranging from €2,250 to €3,000 for  two-bed units. At the top end are two three-bedroom triplex penthouses with roof gardens which are quoting  €8,000-€10,000 - making them among the most expensive rented apartments in the city, competing only with the likes of the two-bedroom apartments at the Four Seasons Hotel.

Treasury Holdings says interest has been strong since the advertising boards went up last week and a deal has been struck on two apartments. The building doesn't have parking on site but it is available at an extra cost close by, according to a spokeswoman for the developer.

The board announces that on 1 June 2007 they approved the conversion of 29,914 Convertible Unsecured Loan Stock (“CULS”) into 29,914 Ordinary Shares. Due to an administrative oversight, the issue of these shares was not previously announced.

The total number of Ordinary shares in issue as advised following the completion of the transaction to acquire the remaining 50% of Havenview Investments Limited, and the issue of Ordinary shares following the CULS conversion on 2 June 2008, were correct and inclusive of the 29,914 Ordinary shares issued on 1 June 2007.

There is no change to the number of issued Ordinary shares which are currently 333,792,816.

Result of Annual General Meeting and Final Dividend

The Board of Real Estate Opportunities Limited announces that all resolutions put to shareholders at the Annual General Meeting were passed.

Following the passing of Resolution 5, to declare a final ordinary dividend, a final ordinary dividend for the year ended 31 December 2007 of 1.5p per share will be paid on 18 July 2008 to Ordinary shareholders on the register as at 20 June 2008.

The board announces that on 2 June 2008 they approved the conversion of 1,329 Convertible Unsecured Loan Stock into 1,329 Ordinary Shares. The total number of Ordinary Shares in issue now stands at 333,792,816.

Interim Management Statement

Ireland
Activity in the investment property market has been weak during the first six months of the year driven primarily by poor availability of bank debt funding coupled with low investor confidence. Until such time as liquidity improves sentiment will remain subdued. Occupier demand, particularly in the office sector, remains buoyant. Approximately 45,000 sq m of office lettings was signed in Dublin in Q1 2008. Many of these lettings were agreed last year confirming the view that lease negotiations are taking longer to complete.

The recently issued IPD/SCS Property Databank Index for Q1 2008 indicated that the All Property Total Return Index had a negative return of 2.3%, although rental value growth has remained positive at 1.0%. Capital values in the Index have fallen by 3.3%.

The tentative signs of renewed activity in the new homes market continue mainly in the Dublin area. This activity is driven primarily as a result of price reductions and greater incentives being offered to purchasers by developers. The recent withdrawal of some tracker mortgage products particularly popular with first time buyers along with interest rate increases have not helped this revival.

Irish Property Portfolio
The significant volume of activity in both the development and investment portfolios experienced last year has continued into the first four months of 2008. A substantial emphasis has been placed on asset management and growing the value of the investment portfolio along with preparing development properties for their optimum use by maximizing development potential.

In Central Park, Dublin 18, construction work has commenced on Block G, which will comprise an office building of approximately 18,000 sq.m which has the flexibility to be let as two individual blocks or alternatively on a floor by floor basis. Construction has also commenced the Montevetro office development on Barrow Street, Dublin 4. The building will extend to approximately 19,500 sq.m over fifteen floors and have water frontage to Grand Canal Dock and direct access to Barrow Street DART Station. Construction work has now completed on the Alto Vetro residential tower which includes two retail units. The marketing plan is now being implemented to let the apartments and retail units.

Planning permission revisions are in preparation for the residential development lands at Kinsealy, Co. Dublin and Enniskerry Co. Wicklow following detailed consultations with the respective planning authorities for each area and likewise at the docklands site at North Wall Quay, Dublin 1, (Tedcastles) where there is an existing permission to develop 27,700 sq m of offices on this premier riverfront site. The development of a larger and iconic building is proposed.

In the investment portfolio the Company has agreed the sale of its 21.4% interest in the Northside Shopping Centre, Dublin to one of the co-owners at the agreed price of €29.75m., a 60% profit on its purchase price last year.

United Kingdom
The UK economy continues to demonstrate greater defensiveness to current financial and credit market conditions than the US and Eurozone, but is by no means immune. Most areas of the economy recorded a slowdown, with GDP for the first quarter of 2008 growing by just 0.4 per cent., down from 0.6 per cent. in the previous quarter, or from 2.8 per cent. to 2.5 per cent. on a year-on-year basis. (Source: The Office of National Statistics)

In the recently announced budget, the Chancellor revised official expectations of economic growth to 1.75 to 2.25 per cent. for 2008 and 2.25 to 2.75 per cent. for 2009. Despite underlying inflation exceeding the target rate of 2.5%, the Monetary Policy Committee cut interest rates to 5 per cent. in April 2008.

Whilst economic growth, inflation and employment measures all seem to have stabilised, the uncertainty within the financial sector is forecast to get worse over the coming months. The Bank of England’s Credit Conditions Survey confirmed that credit conditions have tightened significantly for both households and firms, with lenders expecting further reductions in credit availability and higher borrowing costs as a means of protecting themselves against higher default rates and falling house prices. (Source: Bank of England Credit Conditions Survey 2008 Q1)

The annualised all property total return for the 12 months to March 31st 2008 was minus 9.7 per cent. Whilst no clear indication of the duration of the current correction can be found in data from the first quarter of 2008, total negative returns of 3.3 per cent. are a substantial improvement from minus 7.6 per cent. recorded in the previous quarter. (Source: Investment Property Databank)

UK Property Portfolio
Since December 2007 Treasury Holdings UK, on behalf of REO, has concentrated in detail on the revised masterplanning of the Battersea Power Station site in London and will shortly commence the consultation process. The Treasury team is now headed up by Robert Tincknell who joined Treasury in 2002 and is the Group Deputy Managing Director.

Together with Rafael Vinoly Architects and the professional consultants, the team have spent time carefully understanding the complexity of the Battersea site so that the end development solution is one that is robust and deliverable. We also feel that the new design not only maximises the sites potential, but is also both environmentally and economically sustainable and will become the focal point for the wider regeneration of the area. It is currently forecast that a revised planning application will be made early in 2009.

During the period, the team have also liaised with the Greater London Authority, Transport for London and Wandsworth Borough Council regarding the wider Nine Elm regeneration. To this end, the GLA and TfL have begun work on the preparation of the Nine Elms Opportunity Area Planning Framework. This important document will set out in detail the structure of future development from the Power Station to Vauxhall and also proposals for substantial upgrades to the public transportation network

Financial Overview
This Interim Management Statement covers the 3 month period from 31 December 2007 to date.

The Group’s financial position remains solid and there have been no material events or transactions which have affected the Group over the relevant period. The property portfolio was last revalued on 31 December 2007 when the Group reported a year-on-year increase of 54% in investment and development properties. The property portfolio will next be valued by an external valuer on 30 June 2008.

There have been significant recent movements in exchange rates, notably a strengthening of the Euro. Should these persist, this will continue to have a favourable impact on the Group’s Net Asset Value per share. At 31 December 2007 the Group had Euro denominated net assets of £543million.

There have been no other significant changes to the balance sheet or equity structure since the publication of our results for the year ended 31 December 2007.

Real Estate Opportunities Limited Annual Information Update

This annual information updated is required by, and is being made pursuant to, Article 10 of the Prospectus Directive as implemented in the United Kingdom (Prospectus Rule 5.2) and not for any other purpose and neither the Company, nor any other person, takes any responsibility for, or makes any representation, express or implied, as to the accuracy or completeness of, the information which it contains. This information is not necessarily up to date as at the date of this annual information update and the Company does not undertake any obligation to update any such information in the future.

1. Regulatory Information Service (‘RIS’) announcements

2007

Release Date       Announcement Title
03/01/07                Portfolio Update
16/03/07                Statement re REO settlement
16/03/07                Statement re settlement
28/03/07                Directorate change
04/04/07                Masterplanner Appointed
11/04/07                Notice of Results
17/04/07                Dividend Declaration
17/04/07                Final Results
09/05/07                Annual Report and Accounts
11/05/07                Holding(s) in Company
16/05/07                Statement re UBS Settlement
01/06/07                Re Net Asset Value(s)
13/06/07                Result of AGM
09/07/07                Possible Fundraising
09/07/07                Update re CREO
18/07/07                Core technical team appointed
05/09/07                Holding(s) in Company
19/09/07                Interim results
28/09/07                Change of Administrator
12/10/07                Proposed Acquisition
06/11/07                Directors’ Dealing
08/11/07                Bremore Port Agreement
08/11/07                Results of EGM
19/11/07                Director / PDMR shareholding
11/12/07                Directorate change
17/12/07                Holding(s) in Company
18/12/07                Posting of circular
19/12/07                Director / PDMR shareholding
21/12/07                Director / PDMR shareholding

2008

14/01/08                Director / PDMR shareholding
15/01/08                Director / PDMR shareholding
18/01/08                Results of Meetings
24/01/08                Directors shareholding
29/01/08                Director / PDMR shareholding
29/01/08                Notifications of interests
14/02/08                Results of Court Hearing
18/02/08                Suspension - Real Estate Opportunities Limited ZDPs
18/02/08                MM - Temporary suspension amendment
10/03/08                Alternate Directors
17/03/08                Further re Directorate
31/03/08                Final Results

All of the information listed above is available for viewing on the London Stock
Exchange RNS website.

Preliminary Annoucement of the Annual Report and Accounts for the year ended 31st December 2007

Please click here to read the Preliminary Announcement.

The Directors of Real Estate Opportunities Limited ("REO" or the "Company") announce that Richard Wilkinson Thomas and Jane Margaret Pearce, both Jersey residents, have both been appointed by Keith Jenkins and Martin Richardson to act as their alternate directors. It is expected that any alternate director duties undertaken by Richard Thomas and Jane Pearce will be minimal, if at all, and will only be to ensure the Company can continue to carry out business as normal, if for any reason Keith Jenkins and Martin Richardson are unavailable.

Further information required to be disclosed under Chapter 9 the Listing Rules will be made in due course.

The Directors of Real Estate Opportunities Limited are pleased to announce that the Royal Court of Jersey has granted approval of the Scheme of Arrangement (described in the shareholder circular dated 18 December 2007) at the Court hearing which took place earlier today. The Scheme of Arrangement does not however become effective until the minute confirming the reduction of capital in relation to the Scheme is certified as registered by the Jersey Registrar of Companies, which is now expected to take place on 15 February, 2008. On this basis, it is expected that admission of the 57,755,782 new zero dividend preference shares of REO Securities Limited to the Official List of the UK Listing Authority will take place on 18 February, 2008, with dealings therein on the London Stock Exchange to commence, and the suspension of the listing of the existing zero dividend preference shares to become effective, on the same day.