Exercise of Options

China Real Estate Opportunities Ltd
12 November 2007





                    CHINA REAL ESTATE OPPORTUNITIES LIMITED
                                        
                              Exercise of Options


China Real Estate Opportunities Limited ("CREO" or the "Company") announces that
it has received notice of exercise in respect of options over 200,000 new
ordinary shares of 1p each ('Ordinary Shares') held by Robert Tincknell, a
director of the Company. The board of the Company has resolved to allow Mr
Tincknell to exercise these options in advance of their stated first exercise
date of 1 February 2008.
Application has been made for the new Ordinary Shares to be admitted to trading
on AIM and dealings are expected to commence in the week beginning 19 November
2007. The new Ordinary Shares will rank pari passu with the existing Ordinary
Shares in issue and increase the number of shares in issue to 50,676,185.
Following the exercise of these options, Robert Tincknell's total holding in the
Company is 521,171 Ordinary Shares.

Appointment

Further to the announcement dated 8 August 2007, Richard David, Managing
Director of Treasury Holdings China Limited ("THCL"), has assumed executive
responsibility for THCL's operations in China.
THC is the Company's investment manager and has over 40 full time professional
staff based in Shanghai and Beijing.
Richard David joined THCL from Macquarie Bank Limited, where he was managing
director of Macquarie Real Estate Capital China. Richard has since 1999 overseen
the operations of Macquarie China, including several business units operating
within the real estate sector across China. Richard has extensive experience in
all facets of transactional activity and in real estate development, asset
acquisitions, finance, tax, corporate structures and investor relations.

Robert Tincknell, who has been a key driver of the growth of Treasury Holdings
and CREO in China over the past three years, is returning to the UK to become
Managing Director of both Treasury's UK and International Divisions, the latter
encompassing Treasury's operations in Russia, Sweden, Germany and Spain.

Enquiries to:

CREO
Ray Horney                                 Tel: + 44 (0) 1273 775 225

Landsbanki Securities (UK) Limited         Tel: + 44 (0) 20 7426 7736
Paul Fincham
Jonathan Becher
Robert Naylor

Bankside Consultants Ltd                   Tel: + 44 (0) 20 7367 8888
Simon Rothschild
Oliver Winters

Murray Consultants
Ed Micheau                                 Tel: + 353 1 498 0300






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