Guy Leech, Group Finance Director of Treasury Holdings, has resigned from the REO Board.

Real Estate Opportunities plc (“REO” or the ‘'Company'’),  a property company listed in London, Dublin and The Channel Islands with an established investment and development property portfolio in Ireland and internationally, announces that Guy Leech, Group Finance Director of Treasury Holdings, has resigned from the REO Board with effect from 26th June 2009 to pursue other business opportunities.

Peter Byers has been appointed to fulfill the role of Group Finance Director of Treasury Holdings and will be responsible for overseeing the financing of Treasury Holdings’ investment and development property portfolio. Peter was previously Group Finance Director of Heiton Group plc. Treasury Holdings is investment adviser to the Company in relation to its Irish property portfolio and to REO’s global property assets.

The Company also announces the appointment of Robert Tincknell to the Board, subject to consent from the Jersey Regulator, as is the case with all appointments to the board of the Company. Robert is currently Managing Director of Treasury Holdings UK Limited. He has worked extensively in the UK property investment and development market spanning a period of 20 years. Robert worked previously as Managing Director of the Commercial Division at The Berkeley Group plc.

Commenting on the changes, Ray Horney, REO Chairman, said: “We thank Guy for his contribution over the past number of years and wish him well in the future.  Robert brings to the Board considerable experience in the area of property development.”

Save as disclosed above, there are no further details required to be disclosed in respect of Mr Ticnknell’s appointment pursuant to 9.6.13 of the Listing Rules.