From its origins in Ireland, the Treasury Holdings Group now operates globally, across two continents and in seven countries. The Group continues to lead the way in identifying and capitalising on ever-changing global property trends. Established in Dublin in 1989 by John Ronan and Richard Barrett, Treasury Holdings has been a pioneer in the property sector, and has consistently been ahead in identifying and capitalising on property trends.

Treasury Holdings now controls over 120 individual real estate projects with a combined value in excess of €4 billion. The gross development value (GDV) of the Treasury Holdings Group’s projects is over €17 billion

REO

Treasury Holdings controls 66.7% of Real Estate Opportunities. REO is listed on the London, Ireland and Channel Islands markets. REO owns a wide portfolio of distinctive and valuable properties in Ireland and the UK. REO's investment and development portfolio includes land, development and investment properties in all of the major sectors of the property market including office, retail, industrial and residential.

For further information on REO, please click www.realestateopportunities.co.uk.

CREO

Overseas

In recent years, the Group has furthered its overseas expansion with particular emphasis on the emerging markets of Russia, China and Mainland Europe.  In 2005 the Group opened an office in Shanghai to manage its growing number of both development and investment opportunities in China. Treasury Holdings China now has a team of over 80 professionals working full time in China.

To enable Treasury to take advantage of its position as the predominant western developer in China and offer western shareholders a unique opportunity to gain exposure to the burgeoning Chinese property market, the Company established China Real Estate Opportunities ("CREO"), which listed on the AIM market in London in July 2007, having successfully raised £259 million. Treasury Holdings and related parties control 56% of CREO.

Through the key local contacts and extensive expertise of Treasury Holdings China, CREO has already acquired a portfolio of investment and development properties with significant refurbishment or development potential, focusing initially on the office and retail sector.

For further information on CREO and an in-depth view of the Company's current major projects, please click www.china-reo.com.