Stmnt re Share Price Movement

China Real Estate Opportunities SA 
04 January 2006


China Real Estate Opportunities S.A.


4 January 2006


Re:  movements in share price

The Directors of China Real Estate Opportunities S.A. note the recent volatility
in the price of the Company's shares and wish to confirm that they are aware of
no undisclosed information relating to the Company or its affairs the disclosure
of which would be likely to impact upon the Company's share price.


Enquiries:

Ray Horney                                             01273 775225

Chairman


Simon Rothschild                                       020 7367 8888

Bankside Consultants Limited


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