OTE O Twelve Estate

TIDMOTE TIDMRES

RNS Number : 9945H

O Twelve Estates Limited

19 July 2012

O Twelve Estates Limited ("O Twelve" or the "Company")

Property Adviser Agreement

19 July 2012

As detailed in the Company's final results announced on 18 June 2012, on 15 June 2012, O Twelve entered into a deed of amendment to the Property Adviser Agreement with Rugby Asset Management Limited ("RAM") dated 22 March 2006 (as amended and restated) ("Property Advisers Agreement"). Subject to the approval of Nationwide, as agent for the finance parties under the facility agreement dated 20 December 2006 (as amended and restated), it was agreed that the Property Adviser Agreement would be amended so that either party can terminate the agreement on at least six months' written notice at any time.

The Company announces that following receipt of Nationwide's approval yesterday, the deed of amendment to the Property Adviser Agreement between O Twelve and RAM dated 15 June 2012 has now become effective.

For further information, please contact:

Phil Rhodes, Chairman

O Twelve Estates Limited

Tel: +44 (0)20 7016 0050

Katy Birkin / Simon Bennett

Fairfax I.S. PLC

Tel: +44 (0)20 7598 5368

Dido Laurimore / Stephanie Highett / Will Henderson

FTI Consulting

Tel: +44 (0)20 7831 3113

This information is provided by RNS

The company news service from the London Stock Exchange

END

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