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Creon Corporation (AMED)

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Wednesday 20 July, 2005

Creon Corporation

Trading Statement

Creon Corporation PLC
20 July 2005

For immediate release

20 July 2005



                        Creon Corporation plc ("Creon")



                              Financing Completed



Creon, the AIM traded provider of mezzanine finance to the UK residential
property development sector, is delighted to announce the successful completion
of a further financing.  In line with Creon's stated strategy, it has provided
£390,000 to support a £2.2 million project.  The development is of 5 new houses
in South West England.  Creon will receive an agreed finance fee on repayment of
its facility in twelve months time.



Creon's Director, Jonathan Freeman comments: "Creon is successfully building its
profile and is receiving a variety of good quality financing proposals which
meet our strategic requirements."



Roger Holbeche and Jonathan Lavy of Creon Equity LLP, consultants to Creon,
comment: "The financing package offered by Creon is proving to be very
attractive to the targeted sector of the residential development market.  We are
working on a number of other projects and consequently expect further financings
to be completed in the near future."



Company Profile:

Creon's stated strategy is to provide mezzanine finance to small and medium
sized UK residential property developers.  The business is underpinned by the
experience of the Directors and of its consultants, Creon Equity LLP, who have
wide-ranging experience in this market.  Creon supports property developers with
demonstrable track records for developments of between £1 million and £5 million
with funding in amounts between £250,000 and £750,000 for periods of 12 to 18
months per development.



For more information please contact Jonathan Freeman, Investor Relations, on
01600 7500 432, e-mail: [email protected]


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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