EUROCASTLE INVESTMENT LIMITED



                                                                                                            FOR IMMEDIATE RELEASE

Contact:

International Administration Group (Guernsey) Limited

Company Administrator
Attn:  Mark Woodall

Tel:  +44 1481 723450                                                              


Share Buyback Programme: Transactions in Week Ten



Guernsey, 15 October 2018 – Eurocastle Investment Limited (“Eurocastle” or the “Company”) today announces that between 8 October 2018 and 12 October 2018, as part of the previously announced buyback programme entered into with Liberum Capital Limited (acting as the Company's broker), it bought back 17,703 of its ordinary shares at an average price of €6.58 per ordinary share. These purchases were made pursuant to the authority granted at its Annual General Meeting on 20 June 2018. The purchased shares will all be held as treasury shares.


The purpose of the share buyback programme is to reduce the share capital of the Company and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.


The following transactions have been made under the buyback programme:

Accumulated, most recent announcement Platform code Volume Volume Weighted Average Price Gross Value (€)
08/10/2018 BATE 133 6.64 883
  XLON 2,568 6.63 17,034
  CHIX 314 6.63 2,082
  TRQX 400 6.64 2,656
  Total 3,415 6.63 22,654
         
09/10/2018 BATE 129 6.66 859
  XLON 3,135 6.65 20,834
  CHIX 299 6.64 1,985
  TRQX 395 6.66 2,631
  Total 3,958 6.65 26,309
         
10/10/2018 BATE 115 6.64 764
  XLON 3,177 6.57 20,858
  CHIX 273 6.64 1,813
  TRQX 213 6.64 1,414
  Total 3,778 6.58 24,849
         
11/10/2018 BATE 111 6.52 724
  XLON 3,147 6.51 20,482
  CHIX 272 6.52 1,773
  TRQX 202 6.52 1,317
  Total 3,732 6.51 24,297
         
12/10/2018 BATE 110 6.54 719
  XLON 2,278 6.54 14,888
  CHIX 249 6.55 1,630
  TRQX 183 6.54 1,197
    2,820 6.54 18,434


Following the above transactions:


  • The total number of ordinary shares of the Company in issue is 66,121,054


  • The total number of ordinary shares held by Eurocastle in treasury is 18,550,546 (equal to 28.1% of the Company’s share capital)


  • The total number of voting rights exercisable by holders of ordinary shares of the Company is 47,570,508, as voting rights of shares held in treasury are suspended.




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. 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 visit www.eurocastleinv.com.



Set out below are all trades completed between 8 October 2018 and 12 October 2018:



  Platform code Volume Price Gross Value (€)
08/10/2018 CHIX 21 6.76 141.96
  XLON 320 6.66 2,131.20
  XLON 335 6.66 2,231.10
  XLON 83 6.66 552.78
  XLON 96 6.66 639.36
  CHIX 7 6.64 46.48
  TRQX 7 6.64 46.48
  BATE 133 6.64 883.12
  TRQX 393 6.64 2,609.52
  XLON 170 6.62 1,125.40
  CHIX 121 6.62 801.02
  XLON 416 6.62 2,753.92
  CHIX 165 6.62 1,092.30
  XLON 45 6.62 297.90
  XLON 147 6.62 973.14
  XLON 105 6.62 695.10
  XLON 122 6.62 807.64
  XLON 120 6.62 794.40
  XLON 491 6.62 3,250.42
  XLON 118 6.62 781.16
  Total 3,415 6.63 22,654.40
         
09/10/2018 XLON 260 6.66 1,731.60
  TRQX 83 6.66 552.78
  BATE 114 6.66 759.24
  TRQX 11 6.66 73.26
  XLON 160 6.66 1,065.60
  TRQX 301 6.66 2,004.66
  XLON 441 6.66 2,937.06
  XLON 1,924 6.64 12,775.36
  XLON 10 6.64 66.40
  CHIX 299 6.64 1,985.36
  BATE 15 6.64 99.60
  XLON 340 6.64 2,257.60
  Total 3,958 6.65 26,308.52
         
10/10/2018 XLON 486 6.64 3,227.04
  CHIX 273 6.64 1,812.72
  BATE 115 6.64 763.60
  TRQX 213 6.64 1,414.32
  XLON 136 6.62 900.32
  XLON 1,446 6.58 9,514.68
  XLON 57 6.58 375.06
  XLON 52 6.56 341.12
  XLON 1,000 6.50 6,500.00
  Total 3,778 6.58 24,848.86
         
11/10/2018 XLON 147 6.52 958.44
  XLON 200 6.52 1,304.00
  TRQX 94 6.52 612.88
  CHIX 141 6.52 919.32
  CHIX 131 6.52 854.12
  BATE 4 6.52 26.08
  XLON 418 6.52 2,725.36
  XLON 276 6.52 1,799.52
  BATE 107 6.52 697.64
  XLON 306 6.52 1,995.12
  TRQX 108 6.52 704.16
  XLON 1,457 6.50 9,470.50
  XLON 343 6.50 2,229.50
  Total 3,732 6.51 24,297
         
12/10/2018 CHIX 20 6.58 131.60
  CHIX 40 6.56 262.40
  XLON 279 6.54 1,824.66
  XLON 455 6.54 2,975.70
  XLON 368 6.54 2,406.72
  CHIX 32 6.54 209.28
  CHIX 10 6.54 65.40
  CHIX 23 6.54 150.42
  CHIX 21 6.54 137.34
  BATE 109 6.54 712.86
  XLON 322 6.54 2,105.88
  XLON 332 6.54 2,171.28
  BATE 1 6.54 6.54
  TRQX 183 6.54 1,196.82
  CHIX 103 6.54 673.62
  XLON 300 6.52 1,956.00
  XLON 114 6.52 743.28
  XLON 108 6.52 704.16
  Total 2,820 6.54 18,433.96