Treasury Holdings UK T +44 (0)20 7501 0688 188 Kirtling…

Treasury Holdings UK          T +44 (0)20 7501 0688
188 Kirtling Street           F +44 (0)20 7501 0699
Battersea                     www.battersea-powerstation.com
London SW8 5BN




           Overwhelming public support
           for Battersea Power Station plans
           Londoners have given overwhelming support to Treasury Holdings' proposals to
           save Battersea Power Station and bring it back into use for the benefit of the public.

           Two out of three visitors to the site who responded to a questionnaire said they
           approved of the development masterplan published on 20 June.

           Treasury, development manager of the project for Real Estate Opportunities the
           site's owners, is proposing to create a unique and world-class sustainable development
           that will be one of the cleanest, greenest and largest urban regeneration projects in
           the world.

           Rob Tincknell, Managing Director of Treasury Holdings UK, said: "Feedback from our
           consultations with local residents and key stakeholders has been incredibly positive.
           There clearly is a strong desire to see our development go ahead because of the
           massive improvements it will bring to an area that has been neglected for decades.

           "Thousands of people have visited the site over the past month and interest has been
            so strong that we are opening the power station on Saturdays throughout August so
            that everyone who wants to has the chance of look around this iconic building and
            examine our plans."

           REO is planning to spend £150 million on saving and repairing Sir Giles Gilbert Scott's
           1930s power station, with the key historic spaces retained and open to the public.

           Alongside the power station, a spectacular 300 metre high Chimney and Eco-Dome
           will dramatically reduce carbon emissions of the 38-acre £4 billion development.

           The Chimney, which will also house apartments with panoramic views over London,
           is an integral element of the largest solar driven natural ventilation system ever
           conceived. The Chimney and Eco-Dome will eliminate the need for air conditioning in
           office and retail accommodation, reducing carbon emissions by 67 per cent.


           Cont...




A development by Treasury Holdings UK on behalf of REO
Treasury Holdings is also in discussions with Transport for London and other
landowners in the Nine Elms area about building an extension to the Northern Line
from Kennington to bring the tube into the heart of Battersea.

More than 6,000 people have visited the site since Treasury Holdings commenced an
intensive consultation programme at the end of June. Results of the consultation, based
on responses in questionnaires by more than 1,500 visitors, were:


Question                                                   Support/agree (%)

In general, do you approve of the proposed                                  67%
masterplan for the Battersea Power Station site?

In general, how do you rate the overall design                             82%
of the proposed masterplan?

Do you support the plan to extend the Northern Line                        88%
from Kennington to a new station at Battersea?

Do you agree it is important to start changing the way                      96%
we think about energy?

Do you feel you understand how the Chimney and                             83%
EcoDome work together to reduce energy consumption?

Asked to choose three factors that would be most important to you if you
were a resident of this development:
Public transport                                                           50%
Good design                                                                39%
Open space/Eco-friendly                                                    37%

Asked to choose three things that are the most important to you in the proposed
masterplan, the top three choices were:
Sensitive regeneration of the Power Station                                 74%
Energy-saving architecture                                                  59%
Tube link                                                                   41%

Cont...
Notes to Editors:
Results are based on analysis by Marketlink Research Ltd of 1,593 questionnaires
completed by visitors to the public consultation exhibition at Battersea Power Station
from 25 June to 2nd August 2008

The masterplan includes approximately 3 million square feet of residential, 900,000 sq ft
of retail, 2.5m sq ft of office, 1m sq ft of hotel and serviced apartments, and 500,000 sq ft of
leisure, cultural and community facilities.

Treasury Holdings has a 67% interest in and is development adviser to REO, a property
company listed in London, Dublin and the Channel Islands. Treasury operates in Europe,
China and Russia and manages property worth more than 5 billion. It manages an
associated company, China Real Estate Opportunities, which is one of the biggest
western real estate investors in China.

Battersea Power Station will be open 10am ­ 5pm on Saturdays 9,16,23,30 August for
walking tours and viewing of the development proposals. Entrance is free and there is
no need to book. Cameras welcome. Care dogs only.

Further Information:
Dave Felton,
Jefferson Communications
Tel: 020 7256 8912/07803 214682

www.battersea-powerstation.com