Ablon Group Limited : Directorate Change

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

For Immediate Release                                                                       28 March 2013

Ablon Group Limited

("Ablon" or the "Company")

Board Changes

The board of Ablon ("Board") announces the appointment to the Board of Mr Radovan Vitek (aged 42), Mr Martin Nemecek (aged 37) and Mr Jiri Dedera (aged 38) with effect from 27 March 2013 ("New Directors").

Mr Wolfhard Fromwald has stepped down from the Board with effect from 28 March 2013.

Alex Borrelli, Chairman of Ablon, commented,"We welcome the new directors from CPI Group which is completing its successful cash offer for the Company. We are grateful to Mr Fromwald for his contribution."

Mr Radovan Vítek is currently a director of Czech Property Investments, a.s. and each New Director is also a director of CPI Group, a.s. as well as certain of the subsidiaries of each of these two companies. A further announcement will follow setting out the directorships and partnerships of each New Director, both as at today's date and those which they have held in the past five years.

Enquiries:
Alex Borrelli / Adrienn Lovro

Ablon Group Limited

+44 7747 020 600/+36 1 225 6600

Roland Cornish/Emily Staples

Beaumont Cornish Limited

+44 207 628 3396

Each member of the Board accepts responsibility for the information contained in this announcement and, to the best of each member of the Board's knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Beaumont Cornish Limited ("Beaumont Cornish") which is authorised and regulated in the United Kingdom by The Financial Services Authority is acting for the Company in relation to the matters described in this announcement and is not advising any other person, and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to customers of Beaumont Cornish or for providing advice in relation to the matters described in this announcement.

A copy of this announcement will be made available (subject to certain restrictions relating to persons resident in restricted jurisdictions) at http://www.ablon-group.com by no later than 12 noon (London time) on 29 March 2013, being the business date following the date of this announcement.

About ABLON Group Limited

Founded in 1993 in Budapest (Hungary), ABLON and its subsidiaries (together the "ABLON Group") has properties at 33 locations, of which there are 15 completed projects and 23 development projects in Budapest, Prague, Bucharest and Warsaw. Its portfolio comprises a diversified mix of office, residential, retail, logistics and hotel developments valued at approximately €370 million by external independent appraiser (Colliers International)as at 31 December 2012. The ABLON Group had, as at 31 December 2012, approximately 208,800 square metres of existing and income generating office, residential, hotel, retail and logistics assets (at 15 locations) in Budapest and Prague, with a significant development land bank comprising a further circa. 1,164,500 square metres (at 23 locations) in Budapest, Prague, Bucharest and Warsaw. ABLON's shares are traded on the Main Market of the London Stock Exchange under the ticker 'ABL'.