MATRIX EUROPEAN REAL ESTATE INVESTMENT TRUST LTD - Intention to list on the London Stock Exchange.

For immediate release Matrix European Real Estate Investment Trust Limited Announces its intention to list on the London Stock Exchange and raise up to [pounds sterling]150 million `Matrix launches its first closed-ended European property fundwith gross assets of some [pounds sterling]550million ' London, 22 March 2007 - Matrix European Real Estate new launch condo Investment Trust Limited ("MEREIT"), a European commercial real estate investment company managed by Matrix