Reconstruction Capital II Limited Reports Earnings Results for the Full Year Ended December 31, 2022

Reconstruction Capital II Limited is a closed-end investment company. The Company's investment objective is focused principally on the provision of capital growth. The Company’s investment objective is to achieve a long term total return for shareholders primarily by investment in a diversified portfolio of unlisted equities in Romania. The Company is focused on achieving its capital appreciation and/or generating investment income returns through the acquisition of real estate assets in Romania, including the development of such assets, and/or the controlling stakes in companies established in, or operating predominantly in Romania, primarily in the real estate sector. It invests in private and listed equity securities and fixed-income securities, including convertible and other mezzanine instruments, primarily in Romania and Bulgaria. The Company’s investment advisor is New Europe Capital SRL.