Corporate Overview

Company Locations and Activities

The core activities of each of the Group Companies are summarised below:

Medsea Estates Group PLC is the Group holding company, which is listed on AIM. All other companies within the group are subsidiaries of this company.

Spain

Medsea Estates Torrevieja acts as broker for the sale and purchase of new freehold residential properties and operates in the regions of Torrevieja (near Alicante) and La Manga del Mar Menor (Murcia). The office is situated in Torrevieja on the Costa Blanca.

Medsea Estates Almeria acts as broker for the sale and purchase of new freehold residential properties and operates in the regions of Aguilas (Murcia), Mojacar and Vera (Almeria). The office is situated in Vera to the South West of Alicante and Torrevieja.

Medsea Estates Costa Blanca acts as a broker for the sale and purchase of new freehold residential properties and the office is situated in Calpe, based on the Costa Blanca to the North East of Alicante and Benidorm.

Medsea Estates Costa Tropical acts as a broker for the sale and purchase of new freehold residential properties and the office is situated in Almunecar on the Costa Tropical.

Property Market Torrevieja acts as an agent for the sale and purchase of second-hand properties in all the areas of Spain served by Medsea companies.

Medsea Financial Services has been established to provide clients with assistance with financial services issues such as making introductions for mortgages. The company operates from the Torrevieja office but has Group-wide responsibilities.

Euromed Investment has been established to broaden the scope of activities undertaken by the Group. The Group usually enters into commission arrangements with developers and promoters to pre-sell properties under construction, but does not have exclusivity.

Now that the Group has achieved an increasingly strong reputation, it is of a size where it is able to obtain exclusivity from some developers for the sale of properties in prime residential development locations, thereby acting in a promoter- type role itself. In these circumstances the developer gains by having all sales channelled through a single, reputable agent.

Euromed has provided other Group companies with a competitive advantage in addition to generating significant revenues of its own. Euromed is based in the Torrevieja office.

Italy

Medsea has opened an office in Calabria to meet the demands of the burgeoning property market in that area. Italian operations are managed through Italian Connection (Properties) SRL another subsidiary of Medsea Estates Group PLC.