Eurocastle Announces an Investment in Two Non-Performing Loan Portfolios and the Sale of the Zama Portfolio

Guernsey. 5 January 2016 - Eurocastle Investment Limited (Euronext Amsterdam: ECT) ("Eurocastle" or the "Company") announces that the Company has acquired a 25% share in two portfolios of non-performing loans with a combined Gross Book Value ("GBV") of approximately €96 million from two different sellers. Portfolio #1 consists of 108 borrowers and is approximately 63% secured by first lien mortgages. Portfolio #2 consists of unsecured residual leasing contracts to 320 borrowers.

Affiliates of Fortress Investment Group LLC have invested alongside Eurocastle by acquiring the remaining interest in this portfolio.

Separately, in line with its strategy to accelerate recoveries from its legacy real estate assets in Germany, Eurocastle announces that it has agreed to sell its Zama portfolio. The sale, after the repayment of debt and transaction costs, is expected to generate approximately €3.6 million of net proceeds to the Company. The transaction, which is subject to customary closing conditions, is expected to close in the first quarter of 2016.

About Eurocastle
Eurocastle Investment Limited is a publicly traded closed-ended investment company that focuses on investing in performing and non-performing loans  and other real estate related assets primarily in Italy, and actively managing its legacy business-commercial real estate assets in Germany and European real estate related debt. The Company is Euro denominated and is listed on Euronext Amsterdam under the symbol "ECT". Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a leading global investment manager. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.