Shanghai Re-lettings

China Real Estate Opportunities Ltd
07 December 2007


07 December 2007

                             

        China Real Estate Opportunities Limited ("CREO" or the "Company")


The Board of Directors of CREO are pleased to announce that a number of
re-lettings have successfully been made in respect of office and retail units at
City Centre 1 and Central Plaza , Shanghai, two of the Company's core investment
assets. Since these properties were acquired in July, proactive management has
delivered strong performance and over the past two months renewals have been
achieved in respect of 15 units and the average premium achieved on these
re-lettings has been 18 per cent.


Enquiries to:

CREO
Richard Barrett                                 Tel: + 862 1 5385 8369

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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