Expansion into Cyprus, Turkey

Medsea Estates Group PLC
23 November 2005


For immediate release

23 November 2005

                            MEDSEA ESTATES GROUP PLC
                           ('Medsea or 'the Company')

                  MEDSEA AND HEADLANDS IN MAJOR MARKETING DEAL
Spanish-based estates group Medsea and overseas property developers and real
estate agents Headlands International have just signed a marketing agreement
giving each company an instant and significant presence in countries outside of
their traditional areas. The deal means that Medsea increases its portfolio of
locations through Headlands offices in Cyprus, Portugal and Turkey. Headlands
will now also market the investment and holiday homes offered through Euro Med,
part of the Medsea group.

This reflects Medsea's stated expansion programme and follows hard on the heels
of its move into the fast growing Italian market.

Says Medsea's Chairman Tony Gatehouse: 'This deal immediately makes Medsea a
major player in Cyprus, Portugal and Turkey, and boosts Headlands operation in
Spain. We are confident that the arrangement will not only help our existing
agents increase market share, but also attract new agents in all locations.'

Headlands International was established more than 35 years ago and has been a
consistent winner of a range of awards at the annual Bentley International
Property Awards, including this year's Best International Estate Agent, for the
second consecutive year. It has a UK headquarters and offices in Portugal,
Cyprus, Turkey and Spain. Like Medsea it offers a wide range of properties -
both new and resale - and provides unbiased advice and an individual service.

AIM-listed Medsea Estates Group was established by Tony Gatehouse, who has over
20 years experience of the Spanish property market. Over the past seven years
the Group has expanded rapidly and is now one of the top half a dozen leading
agents within the area, and the only one to work substantially with independent
agents in the UK and Ireland.

Commenting on the alliance Headlands International Managing Partner Stephen
Headland said: 'This is a very exciting time for the company we are continually
moving forward and expanding into new areas. The synergy we have with Medsea
serves only to enhance both our portfolios of quality homes for clients in the
UK and Ireland looking to realise their dream holiday or investment property in
the sun.'

For further information contact:

Medsea Estates Group PLC:
Tony Gatehouse, Chairman                           0034 96 570 40 02
and
Juan Carlos Rodriguez Martinez, Chief Executive

Beaumont Cornish Limited
Roland Cornish/Noelle Greenaway                    0207 628 3396

Midas Investment Management Limited:               0161 228 1709
Mark Sheppard

Weber Shandwick Square Mile:                       0207 067 0000
Terry Garrett/ Alex White















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