Holding(s) in Company

RNS Number:3219J
North Real Estate Opportunities Fd
06 December 2007

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company 2. Name of shareholder having a major interest

North Real Estate Opportunities Fund Limited Aberdeen Indirect Property Partners II

3. Please state whether notification indicates 4. Name of the registered holder(s) and, if more than
that it is in respect of holding of the one holder, the number of shares held by each of
shareholder named in 2 above or in respect of them
a non-beneficial interest or in the case of
an individual holder if it is a holding of
that person's spouse or children under the
age of 18

5. Number of shares/ 6. Percentage of issued 7. Number of shares/amount 8. Percentage of issued
amount of stock class of stock disposed class
acquired

14,200,000
14.20% - -

9. Class of security 10. Date of transaction 11. Date company
informed

05 december 2007
Ordinary NPV 05 december 2007

12. Total holding following this notification 13. Total percentage holding of issued class
following this notification

16.75%
16,750,000

14. Any additional information 15. Name of contact and telephone number for queries

Ian Price / Nikie Coquelin

+44 (0) 1481 715601

16. Name and signature of authorised company official

responsible for making this notification

mourant guernsey limited

company secretary
Date of notification 06 December 2007