Interim Results for the period to 30 June

RAK REAL ESTATE LTD (the "Company")

The Company announces today that its interim results for the period ended 30
June 2009 will be announced no later than 31 October 2009. The reason for the
delay is administrative, and in particular the timing of Ramadan and Eid.

"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: [phone]

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: [phone]

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RAK REAL ESTATE LTD