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

23 April 2009

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

Result of General Meeting & Board Changes

International Real Estate Plc, the AIM traded European property investment and development company, held a General Meeting of the Company today and the special resolution relating to the cancellation of the ordinary shares of 40p each in the capital of the Company to trading on the AIM market of the London Stock Exchange plc ('AIM'), was unanimously approved by shareholders. 85% of all ordinary shares in the Company were voted upon and 98.07% were in favour of the resolution and 1.93% were against. Consequently, the admission of the Company's shares to AIM is to be cancelled under AIM Rule 41. Cancellation of dealings is expected to take place on 1 May 2009.  

In addition, upon the cancellation of shares from trading on AIM, Sir Eric Parker and Michel Berges, both Non-executive Directors of the Company, will step down from the Board. The Board wishes both Sir Eric and Michel well for the future and would like to thank them for their contribution to Company.

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For further information please visit www.IREplc.com or contact: