New website launch & Rule 26

RNS Number:4692C
North Real Estate Opportunities Fd
20 August 2007


            North Real Estate Opportunities Fund Ltd ("the Company")
             (Renamed to "Absolute Real Estate Opportunities Fund")


                Launch of New Website and AIM Rule 26 Compliance


The Company is pleased to announce the launch of its enhanced and upgraded
website at www.abcapproperty.com offering easier navigation and access to core
company information.

In addition, the Company announces that the information required to be disclosed
in accordance with AIM Rule 26 is available on the new website, in the investor
relations section, www.abcapproperty.com/index.php?page=128.



Further Enquiries

North Real Estate Opportunities Fund Ltd                 +44 (0)20 7535 4000
                                                                            
Robert Provine
Oriel Securities Limited (Nominated Adviser)             +44 (0)20 7710 7600
                                                                            
Tom Durie
Luke Webster
Cardew Group                                             +44 (0)20 7930 0777
                                                                            
Tim Robertson
Shan Shan Willenbrock
David Roach


Notes to Editors

Absolute Capital Management Holdings Limited (AIM: ACMH), the fund management
company focused on delivering investment returns through the management of
absolute return funds, acquired the North Asset Management's interest in the
management contract of North Real Estate Opportunities Fund Ltd in July 2007.
The Company is an AIM listed property investment and development company which
raised Euro100m at IPO in August 2006 and has since substantially committed its IPO
proceeds to property investments in Romania, Ukraine and Moldova.




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

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