Sovereign Reversions plc 

("Sovereign or the Company")

Director Shareholding

Sovereign announces that it has granted 125,000 options to subscribe for new ordinary shares to Bob Wigley, Non-Executive Chairman.  These options can be exercised at a price of 146.25 pence per share during the period starting five days after the Company issues its Preliminary Announcement of its results for the financial year for the financial year to 30 April 2013 and ending on 30 April 2014.  The Options will only be exercisable in full if a Total Shareholder Return of 15% compound per annum is achieved over a calculation period running from the date of appointment until the end of the financial year to April 2013.

The Company also announces that it has today issued to Mr Wigley 15,000 new ordinary shares of 50 pence each in the capital of the Company at a price of 146.25 pence per share. Following this transaction, Mr Wigley has a beneficial interest of 20,000 ordinary shares, being 0.12% of the total issued share capital of the Company.

Accordingly, application has been made for the 15,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 23 December 2009.

The new ordinary shares will rank pari passu with the existing shares of the Company.  

Following the issue of these shares, the total number of ordinary shares carrying voting rights in Sovereign Reversions has increased to 16,954,855. This figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the company, under the Disclosure and Transparency Rules. 

17 December 2009

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