'An update from Eurocastle on a tax issue in Germany.'

Обновление от Eurocastle о проблеме налогового характера в Германии.

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.

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Eurocastle intends to continue to appeal the results of the tax audit and seek reimbursement of all amounts paid including accrued interest. The Company believes that the additional tax imposed on it is unreasonable and''will hold reserves until a final settlement is reached.

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.