REG-Eurocastle Inv. Ltd Dividend Declaration

Released: 24/01/2006

EUROCASTLE INVESTMENT LIMITED

FOR IMMEDIATE RELEASE

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

Eurocastle Announces a Dividend of €0.37 Per Share for the Fourth Quarter 2005

Guernsey. 24 January 2006 – Eurocastle Investment Limited (“Eurocastle”) (Euronext Amsterdam: ECT) announced today that its Board of Directors has declared a quarterly cash dividend of €0.37 per share for the quarter ended 31 December 2005, unchanged from the prior quarter and a 23% increase from Eurocastle’s initial IPO dividend of €0.30 per share. The €0.37 per share dividend is payable on 17 February 2006 to holders of record of Eurocastle’s shares on 25 January 2006.

About Eurocastle
Eurocastle Investment Limited is a Euro denominated Guernsey closed-ended investment company that invests in and manages a diverse portfolio consisting primarily of European credit leased real estate and real estate related debt. Eurocastle is managed by Fortress Investment Group, a global alternative investment and asset management firm with approximately $16 billion in equity capital currently under management. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.

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