Grant of options

China Real Estate Opportunities Ltd 25 January 2008 China Real Estate Opportunities Limited Grant of options China Real Estate Opportunities Limited ("CREO" or the "Company") announces that, following the departure of Eugene Cui from Treasury Holdings China Limited, the Company's investment manager, options over 55,000 shares in the Company granted to him upon the flotation of the Company in July 2007 have lapsed in accordance with the rules of the Company's share option scheme. Further to the appointment of Richard David as Managing Director of Treasury Holdings China Limited in (August) 2007, options over 30,000 shares in the Company have today been granted to him, exerciseable at 806.5 pence per share, being the mid-market price at the close of business on 24 January 2008. The options are exerciseable between 3 and 10 years from grant in accordance with the rules of the share option scheme. These options are in addition to the options over 35,000 ordinary shares already held by him with an exercise price of £7.56 per share. Enquiries to: CREO Ray Horney Tel: + 44 (0) 1273 775 225 Landsbanki Securities (UK) Limited Tel: + 44 (0) 20 7426 7736 Paul Fincham Jonathan Becher Robert Naylor Bankside Consultants Ltd Tel: + 44 (0) 20 7367 8888 Simon Rothschild Oliver Winters Murray Consultants Ed Micheau Tel: + 353 1 498 0300 This information is provided by RNS The company news service from the London Stock Exchange