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ORE
 ORE                                                                             
ORE - Orion Real Estate Limited - Change in auditors                            
Orion Real Estate Limited                                                       
(formerly Alpina Investment Holdings Limited)                                   
Incorporated in the Republic of South Africa)                                   
(Registration number: 1997/021085/06)                                           
Share Code: ORE       ISIN: ZAE000075651                                        
("Orion Real Estate" or "the company")                                          
CHANGE IN AUDITORS                                                              
In compliance with paragraph 3.75 of the Listings Requirements of the JSE       
Limited ("JSE"), shareholders are advised that the present auditors of Orion    
Real Estate, namely Horwath Leveton Boner, has resigned and that SAB & T        
Chartered Accountants has been appointed with immediate effect.                 
Orion Real Estate wishes to thank Horwath Leveton Boner for their services and  
advice during their time as auditors to the company.                            
Johannesburg                                                                    
16 April 2007                                                                   
Sponsor                                                                         
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 16/04/2007 13:06:00 Produced by the JSE SENS Department.

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