Notice of EGM

RNS Number:2373G
Reconstruction Capital II Ltd
24 October 2007




Reconstruction Capital II Limited

Proposed increase in authorised share capital


The Board of Reconstruction Capital II Limited ('the Company') announces that it
is convening an extraordinary general meeting of Shareholders to be held on the
19 November 2007 in order to increase its authorised share capital from
Euro1,000,000 to Euro3,000,000 by the creation of an additional 200,000,000 new
ordinary shares of Euro0.01 par value each.

The majority of the funds raised at the time of the Company's admission to AIM
and the subsequent placing in May 2006 have now been invested and the Directors
are satisfied that the Company has an interesting prospective deal flow which
will shortly absorb the remaining cash balances and would require further funds
in order to exploit such further opportunities.

The Directors wish to continue the current investment strategy and are therefore
considering a placing of new ordinary shares, subject to market conditions.

A further announcement will be made in due course in respect of the proposed
placing.

As detailed in the Company's AIM admission document dated 19 December 2005,
whilst the Directors have authority to allot the authorised but unissued share
capital of the Company on a non-pre-emptive basis, such authority shall only be
exercised at a subscription price which is not less than the net asset value per
ordinary share.

In the light of this, the Directors are proposing an increase in the authorised
share capital of the Company large enough to cover the reasonable future capital
needs of the Company, including the placing of new shares currently being
considered.

Copies of the EGM notice will also be available, free of charge from the offices
of New Europe Capital Limited, 33 Marloes Road, London W8 6LG, United Kingdom
(tel: [phone]), for a period of 30 days from the date of this
announcement.


24 October 2007


End


For more information:

Reconstruction Capital II Limited
Ion Florescu
Tel: [phone]

LCF Edmond de Rothschild Securities (Broker)
Hiroshi Funaki / Claire Heathfield
Tel: [phone]

Grant Thornton Corporate Finance (Nominated Adviser)
Philip Secrett
Tel: [phone]




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