MEA Medsea Estates

RNS Number:9384N
Medsea Estates Group PLC
13 February 2008


                            MEDSEA ESTATES GROUP PLC

                                RNS Announcement

                                Trading Up-date

Medsea Estates Group plc ("Medsea", "the Group") (AIM: MEA), the
Mediterranean-based property group is today providing shareholders with an
update on trading.

Based on unaudited management information, Medsea sold 1,051 properties in the
year ended 31st December 2007 compared to 1,086 in 2006. These numbers do not
reflect any provision for cancellations. Sales in the second half of the year
were disappointing, with volumes materially below the Board's expectations (443
properties sold (2006: 662) as against the target of 580). The slow-down in
sales has been seen across all areas of the Group's activities and mainly
reflects a slowing of client visits in the last three months of the year which
appears to be a reaction to the less certain financial environment in the UK and
Eire.

The average value of property sales for the year, on which the Group charges
commission, reduced by 6% compared to 2006. Commission rates remained at levels
comparable with the previous year.

The Board expects to announce Medsea's results for the year ended 31st December
2007 in the second half of April 2008.


For further information:
Medsea Estates Group plc
Tony Gatehouse, Chairman                                  Tel: +34 96 570 40 02
Juan Carlos Rodriguez Martinez, Chief Executive

HB Corporate
Edward Hutton / Rachel Kane / Imran Ahmad             Tel: +44 (0) 20 7510 8600

Media enquiries:
Threadneedle Communications
Alex White/Josh Royston                               Tel: +44 (0) 20 7936 9665




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

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