Eurocastle Releases First Quarter 2021 Interim Management Statement and Announces Annual General Meeting on 16 June 2021

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Oak Fund Services (Guernsey) Limited
Company Administrator
Attn: Mark Woodall
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Eurocastle Releases First Quarter 2021 Interim Management Statement and
Announces Annual General Meeting on 16 June 2021

Guernsey, 14 May 2021 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) today has released its interim management statement for the quarter ended 31 March 2021.

Q1 2021 BUSINESS HIGHLIGHTS

• Adjusted Net Asset Value (“NAV”)¹ of €16.3 million, or €8.77 per share², up €0.31 per share vs. €8.46 per share at 31 December 2020 (after payment in Q1 2021 of €0.54 per share of 2020 capital distribution) due to:
  
  

Valuation increases:

• €0.27 per share increase (7%) in the valuation of the remaining three real estate fund investments.
• €0.04 per share increase (7%) in the valuation of the remaining three NPL and other loan interests.

			Q4 2020 NAV			Q1 Cash Movement			Q1 FV Movement			Q1 2021 NAV
			€ million	€ per share		€ million	€ per share		€ million	€ per share		€ million	€ per share
Real Estate Funds			7.4	4.01		(2.8)	(1.51)		0.5	0.27		5.1	2.77
Italian NPLs & Other Loans			1.2	0.67		(0.0)	(0.01)		0.1	0.04		1.3	0.70
Net Corporate Cash3			8.0	4.32		1.8	0.98		-	-		9.8	5.30
Adjusted NAV