O Twelve Estates Limited
24 April 2008


O TWELVE ESTATES ANNOUNCES KEY ASSET MANAGEMENT ACTIVITY



O Twelve Estates Limited ('O Twelve' / the 'Company'), a closed-ended investment
company incorporated in Guernsey is pleased to announce a number of asset
management activities which have been undertaken to extract value from the
portfolio.



Bulgins Site, A13, Barking, Essex

O Twelve has sold Bulgins Site, a 2.2 acre site for £5.5 million, a price
significantly ahead of the last valuation. The site was originally acquired by O
Twelve in July 2007 to undertake an industrial development. The sale price of
£2.5 million per acre reflects the quality of the property's location.



The Interchange Swanley (formerly Pedham Place Industrial Estate)

O Twelve is pleased to announce it has completed two significant lettings.
Sainsbury's Supermarkets Ltd has taken 115,000 sqft at a rent of £6.75 per sqft
on a ten year lease and Toyota has taken 8,000 sqft also on a ten year lease at
a rent of £7.75 per sq ft.



O Twelve acquired the 226,000 sqft industrial estate in April 2007. The Estate,
which is prominently located at the junction of the M25 and M20 motorways, had a
number of vacant units when purchased. Since acquisition the Company has
comprehensively refurbished the industrial estate and rebranded it as 'The
Interchange, Swanley'. Approximately 75,000 sqft of space is currently available
and is being marketed by Jones Lang LaSalle and Glenny.



David Tye, Chairman of Rugby Asset Management, Property Adviser to O Twelve
said:



"When we assembled the O Twelve portfolio we acquired assets where we believed
there to be good opportunities to add value. We believe these recent
transactions clearly demonstrate this strategy and we are confident of
delivering further similar initiatives over the short to medium term to continue
to extract value from the portfolio."



-ENDS-



For further information please contact:



Rugby Asset Management                                           +44 (0) 20 7016 0050
David Tye
Andrew Wilson

Financial Dynamics                                               +44 (0) 20 7831 3113
Dido Laurimore
Laurence Jones



Notes to Editors



O Twelve was formed to establish a substantial property investment portfolio in
the Thames Gateway and the adjacent areas of east London, Essex, South
Hertfordshire and North Kent (the "Target Area").



Rugby Asset Management Limited ("RAM"), a subsidiary of Rugby Estates Plc, is
Property Adviser to O Twelve.



Further information on O Twelve can be found at www.otwelveestates.com






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