Eastern European Property Fund : Strategic review

FOR IMMEDIATE RELEASE

Eastern European Property Fund Limited

Strategic Review

16 November 2017

Eastern European Property Fund Limited ('EEP' or the 'Company') continues to procure and progress negotiations with interested parties with a view to securing the disposal of EEP's remaining key property asset as soon as possible. However, as highlighted in the Company's Interim Report for the period to 30 June 2017, the Board is cognisant of the Company's ongoing operating costs relative to progress being made on the disposal of that asset.

With that in mind, the Board wishes to consult with shareholders shortly to seek views on:

(i) the future of EEP as a quoted company and potential cost-savings through a de-listing; and

(ii) the sale strategy in respect of the Company's principal asset which may include seeking an anchor tenant for the property in the short-term in order to better facilitate a more attractive disposal in the medium-term.

Liberum Capital, as the Company's Nominated Adviser and Broker, will consult shortly with key shareholders on the Company's behalf. Any shareholders not contacted by Liberum wishing to discuss the Company's future are invited to contact Liberum.

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Contacts

Elysium Fund Management Limited 1Floor, Royal Chambers St Julian's Avenue St Peter Port Guernsey GY1 3JX	Steve Pearce (nominated adviser) Henry Freeman (corporate broker) Liberum Capital Limited Ropemaker Place, Level 12 25 Ropemaker Street London EC2Y 9LY
Tel: [phone]	Tel: [phone]
Elysium website: www.elysiumfundman.com	Email: [e-mail]
EEP website: www.eepfl.com	Website: www.liberum.com