Eurocastle Investment Ltd (EUIVF)

[Enterprising Investor]

Eurocastle Announces doBank Application to List Shares on Milan Stock Exchange (6/14/17)

Guernsey, 14 June 2017 - Eurocastle Investment Limited ("Eurocastle" or the "Company") today announces that doBank, the largest and highest rated independent non-performing loan servicing group in Italy and in which Eurocastle holds a 50% stake, has taken a further key step in its potential initial public offering ("IPO").

doBank has today submitted an application to list its ordinary shares on the Mercato Telematico Azionario managed by Borsa Italiana S.p.A. In addition, the Company has also prepared a Prospectus which has been filed for approval with the Italian Securities and Exchange Commission, Consob.

Subject to the receipt of these approvals and prevailing market conditions at the time, it is expected that the IPO will be completed by the end of July.

Further information regarding the listing application can be found under the Communications section of doBank's website (www.doBank.com). The Company will continue to update its shareholders as further steps are taken towards a potential IPO.

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.

https://globenewswire.com/news-release/2017/06/14/1018488/0/en/Eurocastle-Investment-Limited-Eurocastle-Announces-doBank-Application-to-List-Shares-on-Milan-Stock-Exchange.html