Disposal

RNS Number : 4839G

Real Estate Credit Investments Ltd

12 May 2011

 



12 May 2011

Real Estate Credit Investments Limited (the "Company")

The Company is pleased to announce a significant reduction in the exposure to Portuguese mortgage residual income investments following the successful sale of the Lusitano Mortgages No. 1 plc, Lusitano Mortgages No. 2 plc and Lusitano Mortgages No. 3 plc Portuguese mortgage residual income investments.

The following table shows updated balance sheet positions taking into account the sale of the Lusitano assets:

Bonds (valued as at 30 April 2011)	EUR 67,626,457
Remaining Residual Income Positions (using 31 Dec 2010 values)	EUR 47,826,015
Cash Balances  (as at 12 May 2011)	EUR 25,031,436

For further information please contact:

Public Relations:	James Wallis	[phone]
	Kate Ruck Keene	[phone]
Investor Relations:	Natalie Withers	[phone]

 

END

 

 

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