RNS Number:1343Z
Ionian Estates PLC
01 March 2006


Stock Exchange Announcement


For immediate release


1st March 2006



                     Ionian Estates PLC("Ionian" or the "Company")


                          White Star - Sale of Shares


The Company was infored on the 28th February that White Star (Formerly Euro
Capital) had disposed of 7.5m ordinary shares of Ionian at 0.4p per share, and
now holds no interest in the Company.


                                     -End-


Press enquiries:

Enquiries:

Ionian Estates PLC
Vince Nicholls                                 07767 420160

Nabarro Wells
David Nabarro                                  0207 710 7409




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

END
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