Directorate Change

RNS Number : 6190U

China Real Estate Opportunities PLC

29 June 2009

CHINA REAL ESTATE OPPORTUNITIES PLC

Board Changes

China Real Estate Opportunities plc (''CREO' or the 'Company') announces the appointment of Richard Anthony David to the Board. Mr David, aged 46, is Managing Director of Treasury Holdings China Limited and based in Shanghai. He has worked in the real estate industry since 1981 and been based in China since 1999. He joined Treasury Holdings China Limited in August 2007 having previously been Head of China Real Estate for Macquarie Bank Limited of Australia.

The Directors would also like to announce that Mr Robert Tincknell, a non-executive Director of the Company, has resigned from the Board to take up a Directorship with Real Estate Opportunities plc ('REO'). Mr Tincknell was previously based in Shanghai and held the position of Managing Director in Treasury Holdings China Limited until early 2008 when he returned to the UK to take up the position of Managing Director of Treasury Holdings UK assuming operational responsibility for the UK activities of REO.

As with all appointments to the board of the Company, Mr David's appointment is subject to consent from the Jersey Regulator. Having regard to the residence of the Directors and the location of the Company's business and assets, The Panel on Takeovers and Mergers has confirmed that, upon Mr David's appointment becoming unconditional, it would no longer regard the Company as one to which the City Code on Takeovers and Mergers would apply.

Ray Horney, Chairman of CREO, commented:

'I would like to thank Rob for his contribution to the Company since its launch and welcome the appointment of Richard to the Board.'

Details of Mr David's directorships in the last five years and current directorships are detailed below:


Past directorships held within the last five years
Past directorships held within the last five years
Anting Investments Limited
Austian (Tianjin) Property Development Co Limited
China Property Investments Limited
First China Property Development Limited
First China Property Group Limited
First China Property Management Limited
Macquarie (Tianjin) Property Services Co. Ltd
Macquarie Hallway Property Limited
Macquarie Jin Lin (Mauritius) Pty Ltd
Macquarie Jin Lin Pty Limited
Macquarie Property China Pty Limited
Macquarie Real Estate Asia Limited
Markgold International Housing and Land Consulting (Beijing) Co Ltd
Markgold International Housing and Land Consulting (Shanghai) Co Ltd
Pasley International Limited
San Ling Investments Limited
Shanghai Anting Waratah Real Estate Development Co, Limited
Shanghai Chengli Properties Co Ltd
Shanghai International Company Limited
Shanghai Pdg Waratah Property Co., Ltd
Tianjin Macquarie Property Development Management Co Limited

Current directorships

Shanghai Huatian Property Development Co., Ltd

Shanghai Central Land Property Co., Ltd

Shanghai Vision Honest Real Estate Development Co., Ltd

Beijing Dream Land Industrial Development Co., Ltd

Beijing Treasury Industrial Development Co., Ltd

Qingdao Shangshi CREO Real Estate Co., Ltd

Qingdao CREO Logistics Park Co., Ltd

Nanjing CREO Investment Consulting Co., Ltd

Treasury (Shanghai) Real Estate Consulting Co., Ltd

Treasury Holdings (Shanghai) Property Management Co., Ltd

Treasury Holdings China Limited Qingdao Rep. Office

Treasury Holdings Real Estate (HK) Ltd

Treasury Holdings Limited

Jagard Pty Ltd

There are no further details required to be disclosed in respect of Mr David's appointment pursuant to schedule 2(g) of the AIM rules.

ENDS
Contact:
CREO
Ray Horney, Chairman
Tel: + 44 (0)1273 775225

Sarah Moriarty, Investor Relations
Tel: +353 1 6189455

Matrix Corporate Capital
Paul Fincham
Tel +44 (0) 203206 7000

Davy
Des Carville
Tel: +353 1 679 6363

Bankside Consultants
Simon Rothschild, Oliver Winters
Tel: + 44 (0)207 367 8888