RNS Number:7801R
International Real Estate Plc
06 November 2003

                            Further re: Court Action

  INTERNATIONAL REAL ESTATE ANNOUNCES DATES FOR HOUSE OF LORDS APPEAL HEARING

The Board of International Real Estate PLC ("IRE"), the property investment
company, who has previously been granted leave to appeal to the House of Lords
in its continuing court action against Stratford UK Properties LLC ("Oaktree")
announces that the appeal hearing will be held on 10 and 11 May 2004.


                                    - ends -

Date: 6 November 2003

For further details contact:

International Real Estate PLC
Tel: 020-7839-8686

Rolf L Nordstrom, Chairman
Mobile: 07776-137400

Daniel Akselson, Managing Director
Mobile: +31-653-304590






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