Change of Adviser

Medsea Estates Group PLC
04 July 2006


For immediate release 4 July 2006


                            Medsea Estates Group Plc

                  Appointment of New Nominated Adviser & Broker


The Directors of Medsea Estates Group Plc are delighted to appoint HB Corporate
as Nominated Adviser and Broker to the Company with immediate effect.

Juan Carlos Rodriguez Martinez, Chief Executive of Medsea Estates, said; 'We are
delighted to have HB Corporate as a key adviser in this exciting stage of the
Company's development. We are actively seeking merger & acquisition
opportunities in Europe and we believe HB is well positioned to help us achieve
this.'


For further information contact:

Tony Gatehouse, Chairman, Medsea                               0034 96 570 40 02
Juan Carlos Rodriguez Martinez, Chief Executive, Medsea        0034 96 570 40 02

Imran Ahmad, Director, HB Corporate                            0207 510 8642

Weber Shandwick Square Mile
Alex White/Terry Garrett/John Moriarty                         0207 067 0700



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