RNS Number:7850S
Red Leopard Holdings PLC
12 March 2007


PRESS RELEASE


Red Leopard Holdings PLC moves forward with First Broughton opportunity


Red Leopard Holdings PLC ("Red Leopard" or "the Company"), the AIM listed leisure and
hospitality company, has today entered an agreement to take advantage of
Britain's booming residential property market.



It will undertake new residential property developments through an agreement
with First Broughton Group UK Limited ("First Broughton"), a privately-owned
property development group with more than 50 years experience.



The two companies aim to secure their first development site within the next two
months and to deliver a completed project before the end of 2008. Project sites
targeted for development range from small housing estates to large scale
apartment blocks with more than 200 units.



Under the terms of the agreement, Red Leopard will provide First Broughton with
#20,000 per month over a six month period, in return for which Broughton Homes
Development (1) Limited, a wholly owned subsidiary of First Broughton will
identify and acquire a property site, and develop residential apartments and
houses. First Broughton will divide profits from the venture with Red Leopard.



Red Leopard Director John May said: "With the Government estimating that a
minimum of 200,000 homes a year need to be built over the next 10 years, we
believe this relationship has the potential to give us a steady deal flow moving
forward. The agreement with First Broughton Group takes us in a direction
closely in line with our existing business model for the development of
apart-hotels in the UK. "

looks like a deal may be in the offing, plenty of buying after 2.30pm this afternoon.

RNS tomorrow perhaps?