Trading Statement

Medsea Estates Group PLC
21 April 2005





For immediate release

21 April 2005


                            Medsea Estates Group PLC

                                 Trading Update

In the Company's preliminary announcement of results for the year ended 31
December 2004, the Company reported that there had been a reduction in the
number of units sold compared to initial expectations and that this pattern was
expected to continue into the current year.

Following a review of the first quarter results for 2005, the Company has
experienced a further reduction in the number of units sold compared to
expectations, totalling some 184 units sold compared to 333 in the same period
on the previous year. This reduction is due both to the reduction in clients and
the reduction in closing ratios.

The Company believes that this downturn in sales is being experienced by other
companies within its sector and that the main external reasons are the drop in
confidence due to the static UK housing market, particularly in the South of
England from where the majority of buyers are generated and the competition from
other emerging countries.

The Company will continue its emphasis on maintaining or improving margins,
improving the closing ratio, enlarging the agency base and the client
through-put generated therefrom and focussing on marketing and advertising.

21 April 2005

For further information please contact :

Medsea Estates Group PLC
Tony Gatehouse, Chairman
Juan Carlos Rodriguez Martinez, Chief Executive 0034 96 570 4002






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