Update re proposed delisting

    RNS Number : 7999H
  Medsea Estates Group PLC
  10 November 2008
   

    MEDSEA ESTATES GROUP PLC
    ("the Company")

    Update on proposed cancellation of AIM admission

    Further to the proposal to seek shareholder approval for the cancellation of the Company's AIM admission, the Company announces that it
has received various approaches from third parties offering a number of different options as an alternative to the proposed cancellation.

    The Board of the Company is considering these approaches, which are at an early stage, to assess whether any is likely to offer greater
value for all shareholders compared with the original plan to delist from AIM.

    A further announcement will be made in due course.

    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   Tel: +44 (0) 20 7510 8600

    Media enquiries:
 Threadneedle Communications
 Alex White/Josh Royston      Tel: +44 (0) 20 7653 9850


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