Progress in First Quarter

Medsea Estates Group PLC
25 April 2006


For Immediate Release                                              25 April 2006

                            Medsea Estates Group Plc
                                   ('Medsea')

                           PROGRESS IN FIRST QUARTER


In the first quarter of 2006, Spanish-based property group Medsea showed in the
unaudited management accounts a pre-tax profit of €432,270 - compared to only
€132,300 for the same period last year, reflecting the investment made by Medsea
in its infrastructure last year and the success of Medsea's investment in its
new Italian operations.


Says Tony Gatehouse: 'I indicated in my 2005 Chairman's Statement that I would
soon be giving good news to the markeplace, but the first quarter has exceeded
my expectations. Commissions in Spain were ten per cent up at €1,609,323,
Euromed has began to fulfil its potential with pre-tax profit of €535,828, and
in its first three months our Italian operation has already produced commissions
of €726,186.


This also reflects our efforts to rebuild our market share and substantially
increase the number of supporting agents to the pre 2005 levels, due largely to
the efforts of two new, key management staff in the UK.


Contact:

Tony Gatehouse                                    Tel: [phone]
Medsea Estates Group Plc

Roland Cornish                                    Tel: [phone]
Beaumont Cornish Limited



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