Church and East Press Release Relating to the Recent News of Sealand Being For Sale.

Following consultation with Sealand's Bureau of the Interior, Church and East Ltd would like to take this opportunity to set out certain facts with reference to Press reports that the Principality of Sealand is for sale.

Church and East are the exclusive developers within the Principality of Sealand.  For the past few months following the fire, we have been undertaking major repairs to the structure as well as updating certain systems and facilities to enable further business to operate from Sealand.  The Principality of Sealand is now in a position to invite offers for the use of some of the available business units.  All such uses will be compatible with Sealand's existing business users and Principality laws.  One business unit has already been assigned and is currently being prepared for use by Church and East.  None of the recent speculation will in anyway hinder the operations of HavenCo or Church and East Ltd from within Sealand's jurisdiction.