12/01/10 Rent Review Completion

Real Estate Opportunities plc (‘REO’ or the ‘Company’), the real estate investment and development group active in the UK and Ireland and listed in London, Dublin and The Channel Islands, today announces that it has successfully completed a rent review with REO’s largest tenant by rent, Vodafone (Central Park, County Dublin), at €7,200,000 per annum, or 12% above previous passing rent. The new rent is effective from October 2006. The Vodafone lease in Central Park is Ireland’s largest single let building at 263,000 square ft and expires in 2026.

Two other rent reviews were also recently completed in Central Park with tenant Tullow Oil plc, achieving an average increase of 12.8% on passing rent.

Ray Horney, Chairman of REO commented: “I am very pleased that this anticipated  rent review has been successfully completed at a significant premium to passing rent, which represents a strong result in this market environment and highlights how intensely REO is managing its investment portfolio and boosting rental income.”

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