RNS Number:0322O 
Eurocastle Investment Limited 
24 June 2005 
 
 
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR PUBLICATION, 
DISTRIBUTION OR RELEASE IN, OR INTO, DIRECTLY OR INDIRECTLY, THE UNITED STATES, 
CANADA, AUSTRALIA OR JAPAN. 
 
 
EUROCASTLE INVESTMENT LIMITED 
 
 
Contact: 
 
HSBC Securities Services Guernsey Limited 
Company Administrator 
Attn: Julian Carey 
Tel: + 44 1481 707000 
 
 
         Eurocastle New Share Offering Over-Allotment Option Exercised 
 
 
Guernsey. 24 June 2005 - Eurocastle Investment Limited (LSE: ECT) today 
announces that Morgan Stanley Securities Limited, as the stabilisation manager 
of the Company's previously disclosed public offering of new shares, has 
exercised in full its over-allotment option over 521,700 new shares of 
Eurocastle at the offering price of e17.25 per share. The additional gross 
proceeds from the over-allotment option of approximately e9 million raises the 
total gross proceeds of the offering to approximately e99 million. The proceeds 
of the offering will be used to pay down debt and to invest in European 
credit-leased real estate and real estate debt. 
 
Morgan Stanley and Deutsche Bank acted as Joint Global Coordinators, and Swiss 
Finance and Property Corporation acted as Co-manager, of the offering. 
 
It is expected that admission of the new shares to the Official List of the UK 
Listing Authority will become effective, and that dealings of the new shares on 
the London Stock Exchange will commence, on 29 June 2005. 
 
 
About Eurocastle 
 
Eurocastle Investment Limited is an investment company that invests in and 
manages a diverse portfolio consisting primarily of European real estate related 
debt and real estate assets. Eurocastle is managed by Fortress Investment Group 
LLC. 
 
                                     * * * 
 
This announcement does not constitute, or form part of, an offer or invitation 
to sell or issue, or any solicitation of an offer to purchase or subscribe for 
securities and any subscription for or purchase of, or application for, shares 
in the Company should only be made on the basis of information contained in the 
listing particulars published on 15 June 2005, and the supplementary listing 
particulars to be published on or about 24 June 2005, in connection with the 
offering. The listing particulars, as so supplemented, contain certain detailed 
information about the Company and its management, as well as financial 
statements and other financial data. 
 
This announcement does not constitute an offer of securities for sale in the 
United States, nor may the Company's securities be offered or sold in the United 
States absent registration or an exemption from registration as provided in the 
U.S. Securities Act of 1933, as amended, and the rules and regulations 
thereunder. There is no intention to register any portion of any offering in the 
United States or to conduct a public offering of securities in the United 
States. The Company is not, and will not be, registered under the U.S. 
Investment Company Act of 1940, as amended, and investors will not be entitled 
to the benefits of such Act. 
 
The information contained herein shall not constitute an offer to sell or the 
solicitation of an offer to buy, nor shall there be any sale of the securities 
referred to herein in any jurisdiction in which such offer, solicitation or sale 
would be unlawful prior to registration, exemption from registration or 
qualification under the securities laws of any such jurisdiction. 
 
The contents of this announcement include statements that are, or may deemed to 
be "forward-looking statements". These forward-looking statements can be 
identified by the use of forward-looking terminology, including the terms 
"believes", "estimates", "anticipates", "expects", "intends", "may", "will" or 
"should". By their nature, forward-looking statements involve risks and 
uncertainties and readers are cautioned that any such forward-looking statements 
are not guarantees of future performance. The Company's actual results and 
performance may differ materially from the impression created by the 
forward-looking statements. The Company undertakes no obligation to publicly 
update or revise forward-looking statements, except as may be required by 
applicable law and regulation (including the Listing Rules). 
 
Stabilisation/FSA 
 
 
 
 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
 
END 
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small e before a number denotes euros