Real Estate Opportunities Limited                       

HEADLINE: Monthly portfolio disclosure

Real Estate Opportunities Limited announces that, as at 30 November 2003, it
held the following investments in listed investment companies (including
investment trusts) that have not declared a policy to invest less than 15% in
other listed investment companies.

Security                                            % of income  % of gross 
                                                    portfolio*     assets*  
                                                                            
Investec European Growth & Income Ord 0.1p             0.67%        0.03%   
                                                                            
Morley Absolute Growth Ord 1p                          0.15%        0.01%   
                                                                            
Investment Trust of Investment Trusts Pref Inc       0.43%         0.00%    
Shares 1p                                                                   
                                                                            
Gartmore Absolute Growth & Income Ord Inc 1p           0.11%        0.00%   
                                                                            
Britannic UK Income Ord 1p                             0.08%        0.00%   
                                                                            
Framlington Global Financial & Income Fund Ord 25p     0.03%        0.00%   
                                                                            
Investment Trust of Investment Trusts Ord 5p           0.03%        0.00%   
                                                                            
Enhanced Zero Trust Ord 1p                             0.02%        0.00%   
                                                                            
Edinburgh Leveraged Income Trust Ord 1p                0.01%        0.00%   
                                                                            
Exeter Selective Assets Ord 1p                         0.00%        0.00%   

* Subject to successful settlement of trades outstanding on the relevant date.

This announcement is made in accordance with Paragraph 21.20(l)(i) of the
Listing Rules.

INVESCO Asset Management Limited

3 December 2003



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