Eurocastle Announces an Investment in Two Non-Performing Loan Portfolios

Guernsey. 8 December 2015 - Eurocastle Investment Limited (Euronext Amsterdam: ECT) ("Eurocastle" or the "Company") announces that the Company has acquired or committed to  acquire a 25% share in two portfolios of non-performing loans with a combined Gross Book Value ("GBV") of approximately €65 million from two different sellers. Portfolio #1 has a gross book value of approximately €18 million of which ~85% is secured by first lien mortgages. It was acquired as part of a series of anticipated transactions with an Italian banking group. Portfolio #2 is larger and more secured, with €47 million gross book value of which 96% is secured by first lien mortgages.

Affiliates of Fortress Investment Group LLC have invested alongside Eurocastle by acquiring the remaining interest in these portfolios.

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, and actively managing its legacy business-commercial  real estate assets in Germany and European real estate related debt. 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.