REO Real Estate

TIDMREO

RNS Number : 0478G

Real Estate Opportunities PLC

05 May 2011

Real Estate Opportunities plc

Result of Extraordinary General Meeting and Meeting of the CULS Holders

The Board of Real Estate Opportunities plc ("REO" or the "Company") is pleased to announce that the resolution put to shareholders at the Extraordinary General Meeting held earlier today was passed, with proxies having been received in advance of the EGM amounting to 272,208,312 ordinary shares in favour of the resolution and 5,000 ordinary shares against.

The Board would also like to announce that the resolution put to a Meeting of the CULS Holders held earlier today was passed, with proxies having been received in advance of the Meeting amounting to 75,394,412 CULS in favour of the resolution and 2,400,000 CULS against.

The passing of these resolutions, together with the passing of a resolution put to ZDP shareholders of REO Securities Limited at a meeting held earlier today, will facilitate the restructuring of the Company, details of which can be found in the circulars to Ordinary Shareholders and CULS Holders dated 11 April 2011.

Ray Horney, Chairman, commented

"The successful outcome of these meetings demonstrates the support of the Ordinary Shareholders and CULS Holders in the implementation of the Company's restructuring. On behalf of the Board, I would like to thank them for this support and we look forward to the future success of the Company."

Enquiries:

Real Estate Opportunities plc

Ray Horney, Chairman

Tel: +44 (0)1273 775 225

Matrix Corporate Capital

Paul Fincham/ Jonathan Becher

Tel: +44 (0)20 3206 7000

Goodbody Stockbrokers

Linda Hickey, Corporate Broking

Tel: +353 1 641 6017

Finsbury

Gordon Simpson/Arif Shah

Tel: +44 (0)207 251 3801

Murray Consultants

Ed Micheau

Tel: +353 1 498 0300

This information is provided by RNS

The company news service from the London Stock Exchange

END

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