Real Est Opport Ld - International Partner Chosen

RNS Number:8306L
Real Estate Opportunities Limited
15 January 2008

A JOINT RELEASE - DROGHEDA PORT COMPANY AND CASTLEMARKET HOLDINGS, A WHOLLY
OWNED SUBSIDIARY OF REAL ESTATE OPPORTUNITIES LTD ("REO")

International partner chosen to plan Ireland's new deepwater Port at Bremore

15 January 2008 - Bremore Ireland Port Ltd, the joint venture between Drogheda
Port Company and Castle Market Holdings Limited, announces today that it has
signed a Memorandum of Understanding with a wholly owned subsidiary of Hutchison
Port Holdings ("HPH") to develop a Port Master Plan for the new €300 million
deepwater port at Bremore in north County Dublin.

The signing paves the way for the next phase in the development of the deepest
port on the east coast of Ireland. Bremore Ireland Port hopes to be in a
position to submit a full planning application in the next 12 months.

The development of Bremore is a strategic response to the impending deficit in
port capacity not only at Drogheda Port but also on the whole of the east coast
of Ireland. The new deepwater port will provide additional choice to Ireland's
importers and exporters, and accommodate new short sea shipping services to the
United Kingdom, Europe, Scandinavia and the Baltic States.

Bremore Port will be designed and operated to meet the highest environmental
standards and with respect for the local community.

Bremore Ireland Port Limited is a joint venture partnership between Drogheda
Port Company and Castle Market Holdings Limited, a wholly owned subsidiary of
Real Estate Opportunities Limited. REO is managed by Treasury Holdings.

HPH is the world's leading port investor, developer and operator with interests
in a total of 292 berths in 46 ports, spanning 23 countries throughout Asia, the
Middle East, Africa, Europe and the Americas.

Paul Fleming, CEO of Drogheda Port Company commented:

"We are delighted to welcome HPH to the Bremore team. Their port planning and
operational experience will be a major asset to the development of Bremore
Ireland Port."

John Bruder, managing director of Treasury Holdings' Irish business, commented:

"Bremore Port is one of the most exciting commercial developments in Ireland at
present and we are delighted that a truly world class international partner in
HPH is now on board," .

For further information:
Drogheda Port Company
Paul Fleming
Tel: +353 (0) 41 983 8378

Enquiries to:

Real Estate Opportunities Limited Landsbanki Securities (UK) Limited
Ray Horney, Chairman Paul Fincham/Jonathan Becher/Rob Naylor
Tel: +44 (0) 1273 775225 Tel: +44 (0) 20 7426 7736

London: Bankside Consultants Ireland: Murray Consultants
Simon Rothschild/ Oliver Winters Ed Micheau
Tel: +44 (0) 20 7367 8888 Tel: +353 (0) 1 498 0300

This information is provided by RNS
The company news service from the London Stock Exchange

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