International Real Estate Plc
08 April 2008


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

8th April 2008

              International Real Estate Plc ('IRE' or 'the Group')

                                 AGM Statement



International Real Estate Plc, the AIM traded 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:

'As you all know, this past year has seen a certain amount of turbulence and
uncertainty in the financial markets, with the property sector particularly
affected. With these challenging conditions in mind, I am pleased that IRE has
continued to perform well. As the recent results show, the total group net
assets increased by over 24% to €42.8 million proving that through a closely
managed risk profile and adding value through development programmes in targeted
areas, the property market can still be an exciting and profitable arena.

'Our main focus remains on the German property market, where our Berlin office
has been further strengthened to meet the demands created from our growing
portfolio.  Importantly, we have completed planned refurbishments in the
residential and commercial market and we are due to complete the ongoing
projects during this and next year.  Consequently, IRE has reported satisfactory
financial results and I am pleased with the proposed final dividend of 5 pence
per share totalling 10 pence per share, which is an 11% increase in the dividend
for the year.

'I am also pleased to report that our efforts have been recognised through the
winning of a number of industry awards and various positive press articles.  Our
latest development, Silver Tower, was featured on rbb, a Berlin TV channel, in
favourable news coverage of the Berlin residential market.

'Therefore I am happy with our performance and I'd like to thank all
shareholders for their continued support. I would also like to take this
opportunity to thank my colleagues and advisers who have all worked hard for the
company during the past year.'

                                  * * 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 7236 1177
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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