Eurocastle Announces Retirement of Mr. Keith Dorrian from its Board of Directors

Guernsey. 19 May 2015 - Eurocastle Investment Limited (Euronext Amsterdam: ECT) ("Eurocastle" or the "Company") announces that after over a decade of valuable service, Keith Dorrian has retired from Eurocastle's Board of Directors as well as from the Company's Audit Committee. As previously announced, Ms. Claire Whittet was appointed to the Board as an additional director in January 2016 and her appointment was approved at the Company's 2016 Annual General Meeting held on 18 May 2016. 

Eurocastle and its Board of Directors thank Mr. Dorrian for his dedicated service and contribution to the Company during his tenure at the Board and wish him all the best in his future endeavors.

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.