Phoenician Funds

RAK Real Estate Ltd. - Result of General Meeting

Results of the General Meeting

RAK Real Estate Ltd. announces that all the resolutions put to shareholders at the General Meeting of 25 February 2009 were passed.

"The directors take responsibility for this statement."

Contact:

Gerard Thompson
City & Westminster Corporate Finance LLP
020-7766-0080

Spencer J. Wilson
c/o Newhaven Capital
971-04-312-4393

Related Company