Eurocastle Expands Its Board of Directors

Guernsey (ots) - Eurocastle Investment Limited ("Eurocastle")
(Euronext Amsterdam: ECT) is pleased to announce our three newest
board members: Dr. Udo Scheffel, Dr. Simon John Thornton and Mr.
Randal A. Nardone.

As Eurocastle seeks to become the leading German commercial
property owner, we have expanded the board to include members with
local in-depth real estate knowledge as well as continued focus on
corporate governance.

Dr. Scheffel is an experienced German real estate professional
with over 15 years of experience in the German property sector. Most
recently, he was the chief executive officer of the Bayerische
Immobilien Gruppe, a major German privately held commercial property
company.
Dr. Thornton is a managing director of the Praxis Group, one of the
largest independently owned financial services groups in the Channel
Islands. At Praxis, he advises corporate and private clients
providing fiduciary, accounting and auditing, taxation and fund
administration services in the Channel Islands. Dr. Thornton joined
the Praxis Group in 1992 and is a qualified chartered accountant.

Mr. Nardone is a principal and member of the management committee
of Fortress Investment Group LLC, Eurocastle's external manager. Mr.
Nardone oversees Fortress's structured finance and legal matters.

In addition, Mr. Edens has been appointed Chairman of the Board,
replacing Mr. Paolo Bassi who will remain a director. Mr. Edens has
been a director of Eurocastle since its inception in August 2003. He
is currently a principal and chairman of the management committee of
Fortress.

About Eurocastle

Eurocastle Investment Limited is a closed-ended investment company
which invests primarily in German commercial real estate assets and
real estate related debt. The Company is Euro denominated and is
listed on Euronext Amsterdam under the symbol "ECT." Eurocastle is
managed by Fortress Investment Group, a global alternative investment
and asset management firm with over $23 billion in equity capital
currently under management. For more information regarding Eurocastle
Investment Limited and to be added to our email distribution list,
please visit www.eurocastleinv.com.

Originaltext: Eurocastle Investment Limited
digital press kits: http://presseportal.de/story.htx?firmaid=60662
press kits via RSS: feed://presseportal.de/rss/pm_60662.rss2

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