Trading Update

Medsea Estates Group PLC
25 April 2007



For immediate release                                              25 April 2007


                            MEDSEA ESTATES GROUP PLC
                           ('Medsea or 'the Company')

Medsea has noted today's UK press commentary on the Spanish property market and
in the light of the subsequent share price movement this morning, the Company is
updating the market on first quarter trading.

   •Unit sales in Spain in the first quarter of 2007 were marginally ahead of
    last year at 110 compared to 105 unit sales in the same period of 2006.


   •Unit sales in Italy were 151 in the first quarter of 2007 compared to 41
    in the first quarter of 2006.


   •Since the first quarter, current trading across the Company is in line
    with market expectations.

Tony Gatehouse, Chairman, commented 'While there have been some issues in the
Costa del Sol market, that is a localised problem and Medsea does not operate in
that region. We are selling residential property in other coastal areas where
selling prices are being sustained and demand from international buyers, who
account for the bulk of our sales, remains firm.

'Meanwhile our operations in Italy are performing particularly strongly as can
be seen in the first quarter sales and selling prices remain buoyant having
risen by approximately 40 per cent in the last 12 months.'

For further information please contact:

HB Corporate
Imran Ahmed/ Ed Hutton/ Rachel Kane                                020 7510 8600

Weber Shandwick Financial
Terry Garrett/ Alex White/ John Moriarty                           020 7067 0700


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