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2016-02-01

Eurocastle Investment Limited: Eurocastle Announces Mr. Keith Dorrian's Intention to Retire from its Board of Directors and Appointment to the Board of Claire

Guernsey. 1 February 2016 - Eurocastle Investment Limited (Euronext Amsterdam:
ECT) ("Eurocastle" or the "Company") announces that after over a decade of
valuable service, Keith Dorrian has indicated his intention to retire from
its Board of Directors later this year.

Eurocastle is at the same time delighted to announce that Ms. Claire Whittet
has agreed to join the Board and her appointment became effective on 29
January 2016.

Ms. Whittet brings over 30 years of proven business leadership experience to
the table. Ms. Whittet is Co-Head and Managing Director of Rothschild Bank
International Limited and is a Director of Rothschild Bank (CI) Limited and
various in-house Rothschild companies. In addition, Ms. Whittet serves as a
Non-Executive Director on a number of Guernsey registered London listed
funds.

About Eurocastle

Eurocastle Investment Limited is a publicly traded closed-ended investment
company that focuses on investing in performing and non-performing loans and
other real estate related assets primarily in Italy, and actively managing
its legacy business-commercial real estate assets in Germany and European
real estate related debt. The Company is Euro denominated and is listed on
Euronext Amsterdam under the symbol "ECT". Eurocastle is managed by an
affiliate of Fortress Investment Group LLC, a leading global investment
manager. For more information regarding Eurocastle Investment Limited and to
be added to our email distribution list, please visitwww.eurocastleinv.com.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eurocastle Investment Limited via Globenewswire

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