International Real Estate Plc
27 July 2007



   International Real Estate Plc / Epic: IRE / Index: AIM / Sector: Property


27th July 2007

                         INTERNATIONAL REAL ESTATE PLC
                                 AGM Statement


International Real Estate Plc ('IRE' or the 'Company'), the AIM listed European
property investment and development company, held its Annual General Meeting
today and all resolutions were duly passed.

At the meeting, Chairman Rolf L. Nordstrom made the following statement:

'IRE has made a busy start to its new accounting year which commenced 1 January
2007. We have continued to take advantage of the buoyant property market in
Germany for commercial and residential investments.

'As I mentioned in my recent year-end report, your Company has an excellent
track record of sourcing undervalued properties in the German market, which we
then improve and add value through refurbishment programmes. To this end, we
have acquired a number of new sites bringing our portfolio to approximately
282,000 sq m. The various refurbishment programmes, which we have implemented at
our existing sites, are beginning to come to fruition with significantly
improved lettings.

'The growth of our net asset value as reported in our year-end results, which
was up 42% on the previous year, highlights the strength of our team and the
business. The increasing dividend is also a good indication of our success - the
total dividend for the year was 9 pence (€0.13), up 28.5% on the previous year.

'Importantly, considerable funds are available to us following a €32 million
bond issue in a private placement with two European banks, which we intend to
fully utilise to expand the breadth of the Group's portfolio. We continue to
assess various opportunities and look forward to updating the market in the near
future.

'With its strong financial position and aggressive team, I am increasingly
confident that your company will continue to deliver excellent returns to
shareholders.'


                                  * * ENDS * *

For further information visit www.ireplc.com or contact:

Rolf L Nordstrom International Real Estate Plc      Tel: 0044 (0) 20 7495 1480
Daniel Akselson International Real Estate Plc       Tel: 0031 (0) 653 304 590
Hugo de Salis St Brides Media & Finance Ltd         Tel: 0044 (0) 20 7242 4477
David Anderson KBC Peel Hunt Ltd                    Tel: 0044 (0) 20 7418 8900
Oliver Stratton KBC Peel Hunt Ltd                   Tel: 0044 (0) 20 7418 8900





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