Issue of Equity

    RNS Number : 8450Y
  Dawnay, Day Carpathian PLC
  11 July 2008
   
    Dawnay, Day Carpathian PLC
    ("DDC" or the "Company")
    Share Subscription

    Dawnay, Day Carpathian PLC, the retail property investment company established to invest in Central and Eastern Europe, is pleased to
announce that it has reached agreement with the Dawnay, Day Group on the final amount and terms on which the Dawnay, Day Group will
subscribe for new ordinary shares in the Company. This agreement is in relation to the Dawnay Day Group's commitment to invest an amount
equal to the profit made by members of the Dawnay, Day, Group on the sale of assets to the Company, as was referred to in the initial
Admission Document. 
    The total profit amount on the sales of certain properties made by the Dawnay, Day Group to the Company to date has been agreed at
£5,759,236. This sum represents the aggregate profits made on the sales of properties in Hungary and Romania and is in line with the
Company's previous announcements made at the time of these acquisitions.
    It has been agreed with the Dawnay, Day Group that the sum of £2,840,523, which represents the net profit made in respect of the
Hungarian properties by members of the Dawnay, Day, Group, will be subscribed now at a price of £1.02 per share. 
    The Dawnay Day Group has, as previously announced, similar re-investment obligations amounting in aggregate to £2,918,713 in respect of
four Romanian properties acquired by DDC. This subscription has been agreed in principle and the details are being finalised with the
Dawnay, Day Group and an announcement will follow.

    Enquiries: 
 Dawnay, Day PanTerra                                    020 7834 8060
 Paul Rogers
 Balazs Csepregi 
 Simon Killick

 Numis Securities Limited                                020  7260 1000
 Nominated Adviser   Anthony Richardson / Nick Westlake

 Corporate Broking   Charlie Farquhar


      Redleaf Communications                         020 7822 0200 
      Emma Kane



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