Released: 22/11/2005

RNS Number:4721U 
Eurocastle Investment Limited 
22 November 2005 
 
 
                          EUROCASTLE INVESTMENT LIMITED 
 
 
Contact: 
 
International Administration (Guernsey) Limited 
Company Administrator 
Attn: Mark Woodall 
Tel: + 44 1481 723450 
 
 
                Eurocastle Announces Proposed Change of Listing 
 
Guernsey: 22 November 2005 - Eurocastle Investment Limited (the "Company") (LSE: 
ECT) today announces that it intends to list its Shares on Euronext Amsterdam. 
The Directors consider that a listing on Euronext Amsterdam better reflects the 
Company's investment focus in mainland Europe and the denomination of both its 
reporting currency and Share price in Euros. It is currently expected that the 
Company's Shares will be listed and admitted to trading on Euronext Amsterdam 
during the week commencing 12 December 2005. 
 
The Directors also consider that, as and when the Company has a Euronext 
Amsterdam listing, its London listing be cancelled, which is expected on or 
about 22 December 2005. 
 
In the event the Company's Shares are listed on Euronext and thereafter its 
listing on London Stock Exchange is cancelled, the UK Takeover Code and the 
shareholder/stakebuilding protections it contains will nonetheless continue to 
apply to ECT and the FSA will continue to approve prospectuses issued by ECT in 
connection with any future capital raises. 
 
The requirements that will apply to the Company under the Euronext rules once it 
has a listing on Euronext Amsterdam differ in a number of respects from those 
that currently apply to it under the UK listing rules. 
 
In the event the Company's Shares are listed solely on Euronext, the London 
rules which would cease to apply to it include: 
 
Rules (generally real-estate specific) on portfolio spreading, rental 
concentration and vacancy limits; 
 
Rule that prohibits material changes to investment policies without the approval 
of shareholders (but requirement for Board approval for any such changes remain 
unchanged); 
 
Rules relating to significant property disposals and acquisitions that, amongst 
other things, require shareholder approval of such transactions where they 
exceed a certain size. 
 
The Company will make further announcements regarding progress in implementing 
the proposals outlined above and of any changes to them, including any changes 
to the expected timetable. The Company will also be required to prepare a 
prospectus in connection with its application for a listing on Euronext 
Amsterdam. This prospectus will be made publicly available in due course through 
the usual channels and, amongst other things, will contain further information 
about Euronext Amsterdam (including regarding trading, clearing and settlement 
on that market). 
 
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. 
For more information regarding Eurocastle Investment Limited and to be added to 
our email distribution list, please visit www.eurocastleinv.com. 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
 
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