Guernsey. 30 September 2009 - Eurocastle Investment Limited (Frankfurt Stock Exchange: EUI1 and Euronext Amsterdam: ECT) today announced that it had secured a short term extension to a subsidiary's acquisition facility that was due to mature on 30 September 2009. Eurocastle Investment Limited has a guarantee obligation limited to €30 million in respect of such facility. More detail on this facility can be found in Eurocastle's recently published semi-annual results announcement. Eurocastle continues to be in negotiations with the lender and is working toward a comprehensive restructuring of this facility.

About Eurocastle
Eurocastle Investment Limited is an investment company which primarily owns and manages German commercial real estate assets. The Company is Euro denominated and is listed on Frankfurt Stock Exchange under the symbol "EUI1" and on Euronext Amsterdam under the symbol "ECT." Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a leading global alternative asset manager. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com