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Eastern European Property Fund Limited ("the Company")

Investing Policy

Eastern European Property Fund Limited announces its investing policy pursuant to Rule 8 of the AIM Rules for Companies.

Investing Policy

Investment Objective

Eastern European Property Fund Limited ("the Company") and its subsidiaries' (together, the "Group") investment objective is to provide Shareholders with a high level of income and potential for significant capital growth by investing in property in the major urban centres of Turkey, Romania and Bulgaria (the "Target Countries"). 

Investment Strategy

The Group invests in a range of office, retail, industrial and residential properties in the Target Countries. The initial focus has been on office and retail property. The Group  primarily invests in income-producing properties in or around major urban centres in the Target Countries. 

The Group has no investment restrictions in terms of levels of investment in different property classes or by country. The Group's primary policy, however, is to provide the equity financing to purchase existing or newly built properties and, through the Investment Adviser, actively manage the leasing of its property investments. 

The Group may also invest in the construction and development or refurbishment of properties, either wholly owned by the Group or in conjunction with other investors. 

No single investment, at the time of its acquisition, will represent more than 20% of the Group's gross asset value, although there is no guarantee that this will always be the case.

Borrowings

The Group may, either directly or through its subsidiary property-holding companies, borrow amounts of up to 70% of any single investment's purchase price such that for the Group, as a whole, only up to 60% of the aggregate value of all investments may be financed from third party debt financing.

Enquiries:

Elysium Fund Management Limited No 1 Le Truchot St Peter Port Guernsey  GY1 3JX	Azhic Basirov / Siobhan Sergeant Smith & Williamson Corporate Finance Ltd Tel: +44 207 131 4000
www.elysiumfundman.com
www.eepfl.com

26 October 2009

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