An update from Eurocastle on a tax issue in Germany.

Eurocastle Investment Limited (Euronext Amsterdam: ECT) has issued an updated report on a tax issue in Germany. Following an appeal against an additional tax payment in relation to a subsidiary that is linked to real estate in Germany, Eurocastle has received a final audit report from the German tax authorities for the period from 2008 to 2012.

The company has already paid €4.8 million in respect of the years 2008-2012 and has assessed its maximum potential liability of €5.6 million remaining for the years 2013-2015.

Eurocastle Investment Limited is a closed-end venture capital investment company and plans to focus on real estate opportunities in Greece and southern Europe.

Further information can be found on their official website at www.eurocastleinv.com.