REO Real Estate

TIDMREO

RNS Number : 9421Z

Real Estate Opportunities PLC

23 March 2012

22 MARCH 2012

Real Estate Opportunities plc

NAMA update

The Board of Real Estate Opportunities plc ("REO" or the "Group") wishes to advise that further to the announcements of 27 January 2012 and 5 March 2012 in relation to the court case involving the National Asset Management Agency ("NAMA") and certain REO Group subsidiaries, the Irish High Court has today found that the Group had raised substantial issues in relation to NAMA's conduct towards the Group and granted leave to the Group subsidiaries to maintain certain claims against NAMA pursuant to their rights under Irish law. The Group's claim will now be subject to a full judicial review.

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

RLM Finsbury

Gordon Simpson / Arif Shah

Tel: +44 (0)207 251 3801

Murray Consult

Ed Micheau

Tel: +353 1 498 0300

This information is provided by RNS

The company news service from the London Stock Exchange

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