Directorate Change

Medsea Estates Group PLC
06 July 2006


For immediate release                                                6 July 2006


                            Medsea Estates Group Plc

                              New Finance Director


Leading Spanish-based estate agency group Medsea Estates Group Plc has appointed
Graham A. Jeffs FCA, aged 59 as its Finance Director. He replaces Alberto Gill,
who is resigning to pursue other interests. His appointment is with immediate
effect.

Since 1997, Graham Jeffs has been involved in interim management roles, taking
on a number of interim finance director and business consultancy roles on both a
full time and part time basis including 18 months as Finance Director of
Kingfisher Leisure Plc, a fully listed operator of night-clubs and discotheques.
Prior to moving into interim management work, he was with retailer Robert Dyas
for 10 years until 1997 as Finance Director, and before that his roles included
Group Financial Planning Manager for Sealink British Ferries following its
privatisation from British Rail.

Tony Gatehouse, Chairman, commented 'We are delighted to welcome Graham to the
Board. He brings extensive experience across a wide range of business activities
and we look forward to working with him in the future.'

Save as set out in this announcement there is no other information required to
be disclosed under Schedule 2 paragraph (g) of the AIM Rules.

For further information contact:

Tony Gatehouse, Chairman, Medsea                              0034 96 570 40 02
Juan Carlos Rodriguez Martinez, Chief Executive, Medsea       0034 96 570 40 02

Imran Ahmad, Director, HB Corporate                           0207 510 8642

Weber Shandwick Square Mile
Alex White/Terry Garrett/John Moriarty                        0207 067 0700



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