Directors / PDMR Shareholding

In accordance with Rule 17 of the AIM Rules, China Real Estate Opportunities plc ("CREO" or the "Company") announces that on 24 March 2010 it was notified by various directors and a significant shareholder, as detailed below, of share purchases made as part of the recent placing by the Company announced on 23 March 2010. Following the completion of the buy back of 1,500,000 shares for cancellation announced on the same day, the issued share capital of the Company is 48,036,004.

Richard Barrett, a director of the Company, notified the Company that on 23 March 2010 he purchased 131,510 ordinary shares of no par value in the Company at a price of 330p per share. This purchase represents 0.27 per cent of the issued share capital of the Company.

Following the share purchase, Richard Barrett has an interest in 8,955,518 ordinary no par value shares representing 18.64 per cent of the issued share capital of the Company.

In addition, the Company was notified by Mr Barrett that members of his family purchased 119,000 ordinary no par value shares representing 0.25 per cent of the issued share capital of the Company. Following the share purchase, members of Mr Barrett's family have an interest in 131,891 ordinary no par value shares representing 0.27 per cent of the issued share capital of the Company.

Rory Williams, a director of the Company, notified the Company that on 23 March 2010 he purchased 55,000 ordinary shares of no par value in the Company at a price of 330p per share. This purchase represents 0.11 per cent of the issued share capital of the Company.

Following the share purchase, Mr Williams has an interest in 175,000 ordinary no par value shares representing 0.36 per cent of the issued share capital of the Company.

Richard David, a director of the Company, notified the Company that on 23 March 2010 he purchased 17,500 ordinary shares of no par value in the Company at a price of 330p per share. This purchase represents 0.04 per cent of the issued share capital of the Company.

Following the share purchase, Mr David has an interest in 30,000 ordinary no par value shares representing 0.06 per cent of the issued share capital of the Company.

Ray Horney, a director of the Company, notified the Company that on 23 March 2010 Barclays Wealth Trustees (Guernsey) Limited, acting as Trustee of certain trusts under which Mr Horney and / or members of his family are beneficiaries, purchased 75,000 ordinary shares of no par value in the Company at a price of 330p per share. This purchase represents 0.16 per cent of the issued share capital of the Company.

Following the share purchase, Mr Horney has an interest in 2,825,000 ordinary no par value shares representing 5.88 per cent of the issued share capital of the Company.

In addition the Company was notified by Mr Horney that a member of his family purchased 45,000 ordinary no par value shares representing 0.09 per cent of the issued share capital of the Company. This purchase represents the total interest in the Company following the share purchase.

On the same day, the Company was notified by John Ronan, a significant shareholder of the Company and a 50 per cent shareholder of Treasury Holdings, that a member of his family purchased 55,000 ordinary shares of no par value in the Company at a price of 330p per share. This purchase represents 0.11 per cent and represents their total interest in the Company following the share purchase.