Construction Finance Facility Secured

    RNS Number : 1847B
  Dawnay, Day Carpathian PLC
  13 August 2008
   

    Date:                      13 August 2008
    On behalf of:           Dawnay, Day Carpathian PLC ("Carpathian" or "the Company")
    Embargoed until:    0700hrs


    Dawnay, Day Carpathian PLC
    EUR 62,500,000 Construction Finance Facility secured for Romanian Development

    Carpathian (AIM: DDC), the Central and Eastern Europe retail property investment company, is pleased to announce that it has secured a
construction finance facility of EUR 62,500,000 from MKB Bank to fund the development of Atrium Center Arad, its city centre retail project
in Arad, Romania.  Atrium Center Arad is one of four retail projects that Carpathian is currently developing in Romania. It is due for
completion in 2009.

    Commenting on the financing, Rupert Cottrell, Chairman of Carpathian, said:

    "We are delighted to have secured this construction finance facility from MKB Bank for this key project in Romania. This further
reinforces the market's confidence in our approach and the quality of the assets we are developing."

    - Ends -

    Enquiries:
    
 
    
 Carpathian Asset Management                    020 3178 2892
 LimitedPaul Rogers / Balazs Csepregi
                                                             
 Numis Securities Limited Nominated             020 7260 1000
 Adviser:Anthony Richardson/Nick
 Westlake Corporate Broking:Charlie
 Farquhar
                                                             
 Redleaf CommunicationsEmma Kane/Adam                020 7822
 Leviton/Henry Columbine                      0200carpathian@
                                                redleafpr.com


    Notes to Editors:

    *     Carpathian was created in 2005 for the purpose of investing in Eastern European commercial real estate.
    
 
    *     Its primary focus is on shopping centres, supermarkets and retail warehousing in several target countries in Central and Eastern
Europe including the Czech Republic, Hungary, Poland, Romania and the Baltics.
    
 
    *     Carpathian Asset Management Limited is the Property Investment Adviser to Carpathian. It is responsible for identifying
acquisition targets, managing transactions, developments and portfolios within Central and Eastern Europe.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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