Eastern European Property Fund Limited

('EEP' or the 'Company')

Sale of Property

21 March 2016

On 18 March 2016, EEP completed the disposal of the shop on the ground floor and basement in the Nils Passaj property in Beyoglu, Istanbul, for a cash consideration of USD 372,000 (including VAT).

The proceeds from this disposal are in line with the latest independent property valuation. Following this disposal, the Company's only remaining interest in the Nils Passaj property is one office unit located on the fifth floor.

For further information, please contact:

Tom Fyson

Liberum Capital Limited

Tel: +44 203 100 2000

Keiran Gallagher

Pera Pera

Tel: +90 212 252 1641

Bob Locker

CNC Property Fund Management Limited

Tel: +44 1784 424 740

Company website:www.eepfl.com.

Eastern European Property Fund Ltd. issued this content on 21 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 March 2016 00:32:27 UTC

Original Document: http://www.eepfl.com/news_regulatory?article=2398986195435520