Treasury Holdings Real Estate Pte. Ltd., as trustee-manager (the “Trustee-Manager”) of Treasury China Trust (“TCT”), is pleased to announce that the Trustee-Manager has today issued an aggregate of 240,180,020 units representing undivided interests in TCT (“Units”) to the shareholders of China Real Estate Opportunities plc (“CREO”), a company with limited liability incorporated in Jersey, pursuant to a scheme of arrangement approved by the shareholders of CREO on 7 June 2010 (the “Scheme of Arrangement”).

The Units are expected to be listed on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”) at, and commence trading on a "ready" basis from, 2.00 p.m. today, 21 June 2010.

Completion of acquisition of CREO
The Trustee-Manager also wishes to announce that, pursuant to the Scheme of Arrangement, CREO will be de-listeded from the AIM Exchange in London at 7.00am BST (2.00pm Singapore time) today, 21 June 2010 (Monday), and that the Trustee-Manager, on behalf of TCT, has today completed the acquisition of 100.0% of the issued share capital of CREO from the shareholders of CREO (the “Acquisition”). Following the completion of the Acquisition, TCT owns a 100.0% indirect interest in each of the following properties through one or more holding companies and property companies incorporated in various jurisdictions, namely Jersey, the British Virgin Islands, the People’s Republic of China and the Hong Kong Special Administrative Region: