Shareholdings

Medsea Estates Group PLC
09 November 2004


For immediate release 9 November 2004

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

                                 SHARE DEALINGS
                             by Arc Fund Management

The Company has been informed that Arc Fund Management has sold a total of
1,294,283 Medsea Ordinary Shares of 10p each (the 'Shares') at 85p per share to
some 412 new shareholders:

                                    Number of Shares       Remaining
                                    still held:            % of Company's
                                                           issued share capital:
Arc Fund Management                 706,521                1%




Contact:
Medsea:
Tony Gatehouse, Chairman
Juan Carlos Rodriguez Martinez, Director                     0034 96 570 40 02

Roland Cornish, Beaumont Cornish Limited, Nominated Advisor  020 7628 3396








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