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Key Real Estate Ltd (KEYP)

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Friday 26 September, 2008

Key Real Estate Ltd

Interim Results to 30 June 2008



26 September 2008

                                           KEY REAL ESTATE LTD

                     UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2008

Key Real Estate Ltd ("the Company") announces unaudited interim results for the six months ended 30 June 2008.

CHAIRMAN'S STATEMENT

Since my last report to shareholders in December 2007 Key real Estate Limited continues to manage the Petit Bois
(Plymouth NHS Hospital Trust).

As I write, the Board is working on a number of options relating to securing investment funds for investment in
affordable accommodation to expand our portfolio of properties.  We remain optimistic that despite
current market conditions, we can continue to develop our brand of leasing to public sector bodies and
housing associations to help them meet their own growing demand for affordable housing.

Sebert L Cox
Chairman

INTERIM RESULTS

PROFIT & LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 JUNE 2008

                                                        SIX MONTHS          SIX MONTHS                       YEAR
                                                                TO                  TO                         TO
                                                      30 June 2008        30 June 2007           31 December 2007
                                                       (unaudited)         (unaudited)                  (audited)
                                                               GBP                 GBP                        GBP

Turnover                                                         -                   -              171,985
Administrative expenses                                   (61,844)            (83,169)                  (299,142)
Operating Loss                                            (61,844)            (83,169)                  (127,157)
Interest receivable and other income                             -                   -                          -
Loss for the financial period                             (61,844)            (83,169)                  (127,157)
Taxation                                                         -                   -                          -
Loss on ordinary activities after taxation                (61,844)            (83,169)                  (127,157)

STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
FOR THE SIX MONTHS ENDED 30 JUNE 2008

                                                        SIX MONTHS           SIX MONTHS                      YEAR
                                                                TO                   TO                        TO
                                                      30 June 2008         30 June 2007          31 December 2007
                                                       (unaudited)          (unaudited)                 (audited)
                                                               GBP                  GBP                       GBP

Loss for the financial period                             (61,844)             (83,169)                 (127,157)

Total recognised loss per share (pence)                (1.29)pence          (1.70)pence               (2.65)pence

The loss and number of shares used in the calculation of loss per share are set out below:

                                                        SIX MONTHS           SIX MONTHS                      YEAR
                                                                TO                   TO                        TO
                                                      30 June 2008         30 June 2007          31 December 2007
                                                       (unaudited)          (unaudited)                 (audited)
                                                               GBP                  GBP                       GBP
Undiluted                                                                                                        
Loss for the financial period                             (61,844)             (83,169)                 (127,157)
Weighted average of ordinary shares                      4,792,811            4,880,000                 4,792,811
Loss per share                                         (1.29)pence          (1.70)pence               (2.65)pence

THESE RESULTS HAVE NOT BEEN AUDITED NOR HAVE THEY BEEN REVIEWED BY THE COMPANY'S AUDITORS

THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

                                               --- ENDS---

CONTACT DETAILS:

Key Real Estate Limited:
Piers Linney (Managing Director)  Tel: 0845 0569 705
Sebert Cox  (Executive Chairman)  Tel: 0845 0569 705

Fisher Corporate Plc:
Gary Miller                       Tel: 020 7388 7000

Key Real Estate Ltd