OREANDA-NEWS. November 26, 2010. Real Estate Development plc (FRA: TR61) (the "Company" or "TMM") announces that it has published revised Consolidated Financial Statements under IFRS for the years 2007 and 2008 audited by KPMG Limited and Ernst & Young Cyprus Limited respectively.

After the revision, the key financial indicators of TMM Real Estate Development plc are as follows:

Revised Consolidated Financial Statements for the year ended 31 December 2007

Revenue:                       USD 57,682 thousand;

Net Income:                   USD 13,117 thousand;

Total Assets:                  USD 474,535 thousand.

Revised Consolidated Financial Statements for the year ended 31 December 2008

Revenue:                       USD 89,779 thousand;

Net Income:                   USD 23,048 thousand;

Total Assets:                  USD 419,594 thousand.

Developing its financial reporting practices, TMM made certain reclassifications and corrections in its Consolidated Financial Statements for 2007 and 2008 to conform to the presentation of Consolidated Financial Statements of the Company for the year ended 31.12.2009.

The details of the corrections and reclassifications introduced to the TMM's financial statements are disclosed in the reissued Consolidated Financial Statements for 2007 and 2008 published on the Company's web-site in the Investor Relations section.