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115.50    -1.00 (-0.86%)
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Spread: 2.00 (1.724%)
Market Cap: £255.31m
RECI Live PriceLast checked at - London Stock Exchange

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Disposal

12 May 2011 11:57

RNS Number : 4839G
Real Estate Credit Investments Ltd
12 May 2011
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12 May 2011

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Real Estate Credit Investments Limited (the "Company")

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The Company is pleased to announce a significant reduction in the exposure to Portuguese mortgage residual income investments following the successful sale of the Lusitano Mortgages No. 1 plc, Lusitano Mortgages No. 2 plc and Lusitano Mortgages No. 3 plc Portuguese mortgage residual income investments.

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The following table shows updated balance sheet positions taking into account the sale of the Lusitano assets:

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Bonds (valued as at 30 April 2011)

EUR 67,626,457

Remaining Residual Income Positions (using 31 Dec 2010 values)

EUR 47,826,015

Cash Balances (as at 12 May 2011)

EUR 25,031,436

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For further information please contact:

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Public Relations:

James Wallis

+44 (0) 20 7920 2329

Kate Ruck Keene

+44 (0) 20 7920 2322

Investor Relations:

Natalie Withers

+44 (0) 20 7968 7348

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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DISGGUQAAUPGGUP
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