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 ending 29 March 2019

Guernsey, 1 April 2019 - Eurocastle Investment Limited ("Eurocastle" or the "Company") today announces that between 25 March 2019 and 29 March 2019, under its non-discretionary share buyback programme with Liberum Capital Limited (acting as the Company's broker) announced on 7 March 2019 (the "Third Buyback Programme"), it bought back 9,626 of its ordinary shares at an average price of €6.97 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

Platform code

Volume

Volume Weighted

Gross Value (€)

recent announcement

Average Price

25/03/2019

BATE

85

7.03

597

XLON

1,731

7.00

12,117

CHIX

99

7.01

694

TRQX

110

7.03

773

Total

2,025

7.00

14,181

26/03/2019

BATE

76

6.98

530

XLON

1,269

6.98

8,861

CHIX

96

6.98

670

TRQX

107

7.00

749

Total

1,548

6.98

10,811

27/03/2019

BATE

74

6.96

515

XLON

2,026

7.01

14,193

CHIX

97

6.97

676

TRQX

71

6.98

496

Total

2,268

7.00

15,880

28/03/2019

BATE

69

6.95

479

XLON

1,944

6.95

13,506

CHIX

98

6.94

681

TRQX

105

6.94

729

Total

2,216

6.95

15,394

29/03/2019

BATE

30

6.92

208

XLON

1,433

6.89

9,869

CHIX

45

6.90

311

TRQX

61

6.87

419

Total

1,569

6.89

10,806

Following the above transactions:

The total number of ordinary shares of the Company in issue is 63,813,362

The total number of ordinary shares held by Eurocastle in treasury is 18,757,921 (equal to 29.4% of the Company's share capital)

The total number of voting rights exercisable by holders of ordinary shares of the Company is 45,055,441, 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 25 March 2019 and 29 March 2019:

Platform code

Volume

Price

Gross Value (€)

25/03/2019

TRQX

35

7.10

248.50

BATE

18

7.06

127.08

BATE

18

7.06

127.08

XLON

90

7.02

631.80

CHIX

32

7.02

224.64

TRQX

68

7.00

476.00

CHIX

67

7.00

469.00

BATE

49

7.00

343.00

XLON

715

7.00

5,005.00

XLON

24

7.00

168.00

XLON

193

7.00

1,351.00

XLON

259

7.00

1,813.00

XLON

4

7.00

28.00

XLON

272

7.00

1,904.00

XLON

1

7.00

7.00

XLON

59

7.00

413.00

XLON

4

7.00

28.00

XLON

4

7.00

28.00

XLON

38

6.98

265.24

XLON

8

6.98

55.84

XLON

24

6.98

167.52

XLON

36

6.98

251.28

TRQX

1

6.96

6.96

TRQX

1

6.96

6.96

TRQX

1

6.96

6.96

TRQX

1

6.96

6.96

TRQX

1

6.96

6.96

TRQX

1

6.96

6.96

TRQX

1

6.96

6.96

Total

2,025

7.00

14,180.70

26/03/2019

TRQX

22

7.06

155.32

TRQX

21

7.02

147.42

XLON

96

7.02

673.92

CHIX

96

6.98

670.08

BATE

76

6.98

530.48

TRQX

14

6.98

97.72

TRQX

50

6.98

349.00

XLON

669

6.98

4,669.62

XLON

327

6.98

2,282.46

XLON

167

6.98

1,165.66

XLON

10

6.98

69.80

Total

1,548

6.98

10,811.48

27/03/2019

XLON

325

7.06

2,294.50

XLON

164

7.06

1,157.84

XLON

231

7.06

1,630.86

XLON

200

7.02

1,404.00

XLON

56

7.02

393.12

TRQX

26

7.02

182.52

CHIX

30

6.98

209.40

CHIX

27

6.98

188.46

XLON

100

6.98

698.00

XLON

19

6.98

132.62

XLON

34

6.98

237.32

XLON

63

6.98

439.74

TRQX

10

6.98

69.80

XLON

228

6.96

1,586.88

XLON

423

6.96

2,944.08

XLON

100

6.96

696.00

BATE

74

6.96

515.04

CHIX

40

6.96

278.40

TRQX

35

6.96

243.60

XLON

83

6.96

577.68

Total

2,268

7.00

15,879.86

28/03/2019

BATE

14

6.98

97.72

XLON

381

6.96

2,651.76

XLON

263

6.96

1,830.48

XLON

130

6.96

904.80

CHIX

19

6.96

132.24

TRQX

20

6.94

138.80

TRQX

25

6.94

173.50

BATE

55

6.94

381.70

CHIX

79

6.94

548.26

TRQX

60

6.94

416.40

XLON

2

6.94

13.88

XLON

100

6.94

694.00

XLON

100

6.94

694.00

XLON

100

6.94

694.00

XLON

200

6.94

1,388.00

XLON

395

6.94

2,741.30

XLON

148

6.94

1,027.12

XLON

64

6.94

444.16

XLON

55

6.92

380.60

XLON

6

6.9

41.40

Total

2,216

6.95

15,394.12

29/03/2019

CHIX

23

6.94

159.62

BATE

15

6.92

103.80

BATE

15

6.92

103.80

XLON

225

6.90

1,552.50

XLON

273

6.90

1,883.70

XLON

332

6.88

2,284.16

XLON

348

6.88

2,394.24

XLON

255

6.88

1,754.40

TRQX

38

6.88

261.44

CHIX

22

6.86

150.92

TRQX

23

6.86

157.78

Total

1,569

6.89

10,806.36

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Disclaimer

Eurocastle Investment Ltd. published this content on 01 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 April 2019 07:16:17 UTC