Eurocastle Announces 2006 AGM Results

Released: 27/06/2006

Guernsey. 27 June 2006 – Eurocastle Investment Limited (“Eurocastle”) (Euronext Amsterdam: ECT) announces the results of its 2006 Annual General Meeting held on 31 May 2006. The shareholders of Eurocastle voted for the approval of the profit and loss account and balance sheet of the Company and the reports of the Directors and the Auditors, for the year ended 31 December 2005. In addition, Mr. Keith Dorrian was re-elected as a director and Ernst & Young LLP was reappointed as the independent Auditors of Eurocastle for the following year. The shareholders further elected to adopt the resolution which allows the directors to determine the remuneration of Ernst & Young LLP. The meeting adjourned without any additional items being brought forth.

About Eurocastle
Eurocastle Investment Limited is a Euro-denominated Guernsey closed-end investment company listed on Euronext Amsterdam. It 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 LLC, a global alternative investment and asset management firm with approximately US$21 billion of equity capital currently under management. For more information regarding Eurocastle and to be added to our email distribution list, please visit www.eurocastleinv.com.

Contact:

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