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REG-Eurocastle Inv. Ltd Offering Price
RNS Number:0027O 
Eurocastle Investment Limited 
24 June 2005 
HSBC Securities Services Guernsey Limited 
Company Administrator 
Attn: Julian Carey 
Tel: + 44 1481 707000 
            Eurocastle Priced 5,218,300 New Shares in Public Offering 
Guernsey. 24 June 2005 - Eurocastle Investment Limited (LSE: ECT) today 
announces the successful pricing of its offering of 5,218,300 new shares at a 
price of e17.25 per share, for gross proceeds of approximately e90 million (not 
including the 10 per cent over-allotment option, which may be exercised). The 
proceeds of the offering will be used to pay down debt and to invest in European 
credit-leased real estate and real estate debt. 
The new shares represent approximately 22 per cent of Eurocastle's enlarged 
share capital as of immediately after the closing of the offering (not including 
the 10 per cent over-allotment option, which may be exercised). In connection 
with the offering, Eurocastle has agreed to not issue any additional ordinary 
shares for a period of 120 days following the completion of the offering without 
the prior written consent of the Joint Global Coordinators of the offering. 
Morgan Stanley and Deutsche Bank acted as Joint Global Coordinators, and Swiss 
Finance and Property Corporation acted as Co-manager, of the offering. 
It is expected that admission of the new shares to the Official List of the UK 
Listing Authority will become effective, and that dealings of the new shares on 
the London Stock Exchange will commence, on 29 June 2005. 
Supplementary Listing Particulars relating to the offering are expected to be 
submitted to the Document Viewing Facility for publication later today. 
About Eurocastle 
Eurocastle Investment Limited is an investment company that invests in and 
manages a diverse portfolio consisting primarily of European real estate related 
debt and real estate assets. Eurocastle is managed by Fortress Investment Group 
                                     * * * 
This announcement does not constitute, or form part of, an offer or invitation 
to sell or issue, or any solicitation of an offer to purchase or subscribe for 
securities and any subscription for or purchase of, or application for, shares 
in the Company should only be made on the basis of information contained in the 
listing particulars published on 15 June 2005, and the supplementary listing 
particulars to be published on or about 24 June 2005, in connection with the 
offering. The listing particulars, as so supplemented, contain certain detailed 
information about the Company and its management, as well as financial 
statements and other financial data. 
This announcement does not constitute an offer of securities for sale in the 
United States, nor may the Company's securities be offered or sold in the United 
States absent registration or an exemption from registration as provided in the 
U.S. Securities Act of 1933, as amended, and the rules and regulations 
thereunder. There is no intention to register any portion of any offering in the 
United States or to conduct a public offering of securities in the United 
States. The Company is not, and will not be, registered under the U.S. 
Investment Company Act of 1940, as amended, and investors will not be entitled 
to the benefits of such Act. 
The information contained herein shall not constitute an offer to sell or the 
solicitation of an offer to buy, nor shall there be any sale of the securities 
referred to herein in any jurisdiction in which such offer, solicitation or sale 
would be unlawful prior to registration, exemption from registration or 
qualification under the securities laws of any such jurisdiction. 
The contents of this announcement include statements that are, or may deemed to 
be "forward-looking statements". These forward-looking statements can be 
identified by the use of forward-looking terminology, including the terms 
"believes", "estimates", "anticipates", "expects", "intends", "may", "will" or 
"should". By their nature, forward-looking statements involve risks and 
uncertainties and readers are cautioned that any such forward-looking statements 
are not guarantees of future performance. The Company's actual results and 
performance may differ materially from the impression created by the 
forward-looking statements. The Company undertakes no obligation to publicly 
update or revise forward-looking statements, except as may be required by 
applicable law and regulation (including the Listing Rules). 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
small e before a number denotes euros