REO Real Estate

TIDMREO

RNS Number : 7989T

Real Estate Opportunities PLC

12 December 2011

Real Estate Opportunities plc (the Company)

Appointment of Administrators to REO (Powerstation) Ltd, REO (88 Kirtling St) Ltd, REO (8 Brooks Court) Ltd and REO (Site Assembly) Ltd

The Company announces that Ernst & Young have been appointed as administrators to REO (Powerstation) Ltd, REO (88 Kirtling St) Ltd, REO (8 Brooks Court) Ltd and REO (Site Assembly) Ltd (the BPS Subsidiaries). The BPS Subsidiaries are subsidiaries of Battersea Power Station Shareholder Vehicle Limited (BPSSV), the holding company of Battersea Power Station formed for the purposes of the restructuring that was announced in April 2011 and which is 54% owned by the Company.

The administration order does not apply to the Company or BPSSV and the Company's other assets, which are situated in Ireland, are unaffected by this development.

Contacts:

Treasury Holdings

   Yvonne O'Sullivan                             Tel: +(+353 1) 618 9341 
   Finsbury Group                                Tel: +44 (0) 20 7251 3801 

Gordon Simpson

Arif Shah

This information is provided by RNS

The company news service from the London Stock Exchange

END

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