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2015-04-24

Eurocastle Investment Limited: Eurocastle Sells Wave Portfolio

EUROCASTLE INVESTMENT LIMITED

FOR IMMEDIATE RELEASE

Contact:
International Administration Group (Guernsey) Limited
Company Administrator
Attn: Mark Woodall
Tel: +44 1481 723450

Eurocastle Sells Wave Portfolio

Guernsey. 24 April 2015

In line with its strategy to accelerate recoveries from its legacy real estate
assets in Germany, Eurocastle Investment Limited (Euronext Amsterdam: ECT)
today announced that it has agreed to sell its Wave portfolio. The sale is
expected to generate approximately €30 million of net proceeds to the Company
before expected historic taxes in the range of €6 million to €8 million. The
portfolio is comprised of 44 office buildings with a net lettable area of c.
109,000 sqm spread across 41 cities and towns throughout Germany. The
transaction, which is subject to customary closing conditions, is expected to
close before the end of September 2015.

About Eurocastle

Eurocastle Investment Limited is a closed-ended investment company that owns
Italian loans and real estate related assets, German commercial real estate
and European real estate securities and loans. 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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