RAK Real Estate Ltd. - Financial Results for period to 31 December 2008

The Company announces today that its final results for the financial year ended 31 December 2008 will be announced no later than 30 June 2009.  The reason for the delay is administrative.

"THE DIRECTORS TAKE RESPONSIBILITY FOR THIS STATEMENT"

For further information, please contact:

Corporate Adviser:
City & Westminster Corporate Finance LLP
Gerard Thompson & John May
2nd Floor, Stanmore House
29-30 St. James's Street
London
SW1A 1HB
Telephone: 0044 20766 0080

RAK Real Estate Ltd
C/o Newhaven Capital
Spencer J Wilson
The Fairmont Building
Sheikh Zayed Road
PO Box 24459
Dubai, United Arab Emirates
Telephone: 00971 4312 4393