Eurocastle Sells the Remaining Asset in the Mars Fixed II Portfolio

Guernsey. 6 August 2015 - In line with its strategy to accelerate recoveries from its real estate assets in Germany, Eurocastle Investment Limited (Euronext Amsterdam: ECT) today announces that it has agreed to sell the remaining asset in the Mars Fixed II Portfolio at a price in line with its current valuation. The sale, after the repayment of debt and transaction costs, is expected to generate approximately €11.5 million of net proceeds to the Company. The transaction, which is subject to customary closing conditions, is expected to close towards the end of November 2015.

About Eurocastle
Eurocastle Investment Limited is a closed-ended investment company that owns Italian loans and real estate related assets, German commercial real estate and European real estate securities and loans. 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.

Contact:
International Administration Group (Guernsey) Limited
Company Administrator
Attn:  Mark Woodall
Tel:  +44 1481 723450