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CREO - Significant shareholder notification

China Real Estate Opportunities plc (the "Company") has received notification from QVT Financial LP, by letter dated 31 December 2008, as investment manager for QVT Fund LP, Quintessence Fund LP, and an account managed for Deutsche Bank AG London, that their interest in the Company has reduced to 695,000 ordinary shares which represents 1.46% of the Company’s issued share capital.