Ablon Group

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,

DISTRIBUTION OR RELEASE IN, OR INTO, DIRECTLY OR INDIRECTLY, THE UNITED STATES

OF AMERICA, CANADA, JAPAN OR AUSTRALIA.

This press release does not constitute or form part of any offer or invitation

to sell or issue, or any solicitation of any offer to purchase or subscribe, nor

shall it (or any part of it) or the fact of its distribution, form the basis of,

or be relied on in connection with, any contract or commitment whatsoever. The

offer and the distribution of this press release and other information in

connection with the proposed private placement and admission to AIM in certain

jurisdictions may be restricted by law and persons into whose possession any

document or other information referred to herein comes should inform themselves

about and observe any such restriction. Any failure to comply with these

restrictions may constitute a violation of the securities laws of any such

jurisdiction.

FIRST DAY OF DEALING ON AIM

Ablon Group Limited ("Ablon" or "the Company"), a leading real estate owner and

developer in Budapest with a well-established presence in Prague and new sites

in Bucharest, is pleased to announce that the Company's shares have today been

admitted unconditionally to trading on AIM ("AIM") following the closing and

settlement of its offering to institutional investors (the "Offering"). The

Company's ticker is "ABL".

The Offering was priced at £ 2.50 per share and comprised 35,000,000 newly

issued shares. The new shares issued represent 33.33% of the Company's enlarged

share capital. On Admission, the Company had 105,000,002 shares in issue and a

market capitalisation, at the placing price, of £ 262 million.

Credit Suisse Securities (Europe) Limited acted as Global Coordinator, Sole

Bookrunner and Lead Manager of the Offering, and Nominated Adviser to Ablon. The

Company has granted an over allotment option to the Lead Manager of up to

5,250,000 shares. The option is exercisable until 2 March 2007 and would

increase the Offering from approximately 33.33% to 36.51% of the Company's

post-offering share capital.

The definitions of the terms used in this release are included in the Admission

Document which was published on 2 February 2007.

For further information, please contact:

Ablon Group Limited Shared Value Limited

Daniel Avidan, CFO Matthew Hooper /

Tel. +36 1 225 6600 Nicolas Duperrier

Tel. +44 (0)20 7321 5010

ablon@sharedvalue.net

Credit Suisse Securities (Europe) Limited

Richard Crawley / Saydam Salaheddin

Tel. +44 (0)20 7888 8888

NOTES TO EDITORS

Founded in 1993 in Budapest (Hungary), the Group has successfully completed

properties at 13 locations comprising 15 completed projects (including two

completed projects that have been sold) and currently has properties at 19

locations comprising 34 development projects (including properties being

developed in multiple phases) in Budapest (Hungary), Prague (Czech Republic) and

Bucharest (Romania). Its portfolio comprises a diversified mix of office,

residential, retail, logistics and hotel developments valued at EUR 405.8

million by King Sturge, an independent valuation firm, as at 30 September

2006(1). Ablon has to date developed approximately 140,000 square meters of real

estate and its current development projects are expected to comprise

approximately a further 690,900 square meters. For the nine months ended 30

September 2006, Ablon generated gross rental income of EUR 6.7 million and

generated gross residential income of EUR 2.7 million.

Over the last ten years, Ablon Group has obtained bank financing for the

development of its projects exclusively from Volksbank and Investkredit (a

subsidiary of Volksbank). The Company intends to continue to benefit from its

relationship with the Volksbank Group. It may seek to refinance its portfolio

with the Volksbank Group and/or other financing providers in order to maximise

returns to all shareholders and to diversify and broaden its sources of

financing.

Ablon has appointed Dennis Twining as independent non-executive Chairman, and

Robert Glatter and Gerald Williams as the Company's two other independent

non-executive Directors. Dennis Twining is also Chairman of the UK Management

Committee of INVESCO Asset Management, whilst Robert Glatter was a Senior

Partner of Blick Rothenberg, Chartered Accountants and Gerry Williams is the

Chief Executive Officer of the Bachmann Group.

This document is an advertisement and does not constitute or form part of any

offer or invitation to sell or issue or any solicitation of any offer to

purchase or subscribe for any securities. Investors should not subscribe for or

purchase any shares referred to in this document except on the basis of

information in the admission document proposed to be issued in due course by the

Company in connection with the admission of its ordinary shares to AIM. In the

event of any discrepancy between this document and the admission document, the

admission document will prevail. It is not the purpose of this document to

provide, and you may not rely on this document as providing, a complete and

comprehensive analysis of the Company's financial or commercial position or

prospects.

Some of the information in this press release may contain projections or other

forward-looking statements regarding future events or the future financial

performance of the Company. You can identify forward looking statements by terms

such as "expect", "believe", "anticipate", "estimate", "intend", "will",

"could", "may" or "might", the negative of such terms or other similar

expressions. The Company wishes to caution you that these statements are only

predictions and that actual events or results may differ materially. The Company

does not intend to update these statements to reflect any events or

circumstances occurring after the date hereof or to reflect the occurrence of

unanticipated events except as may be required by applicable law and regulation.

Many factors could cause the actual results to differ materially from those

contained in projections or forward-looking statements of the Company,

including, among others, general economic conditions, the competitive

environment, market change in the real estate market, as well as many other

risks specifically related to the Company and its operations.

This announcement does not constitute an offer to sell or issue, or the

solicitation of an offer to buy or subscribe for ordinary shares in the Company

in any jurisdiction to whom or in which such offer or solicitation is unlawful

and, in particular, is not for release, publication or distribution in or into

the United States, Australia, Canada or Japan or (including their territories,

possessions and all areas or territories subject to their jurisdiction) or to

any national, resident or citizen of the United States of America, Canada,

Australia or Japan or to any corporation, partnership or other entity created or

organised under the laws thereof, or to any persons in any other country outside

the United Kingdom where such release, publication or distribution may lead to a

breach of any legal or regulatory requirement.

This document is not a prospectus and constitutes neither an offer for sale of

nor a solicitation to buy or subscribe for any securities of the Company in the

United States of America. The information contained herein is restricted and is

not for publication, distribution or release, directly or indirectly, in the

United States. The Offer Shares and any securities of the Company may not be

offered or sold in the United States absent registration or an exemption from

registration under the US Securities Act of 1933, as amended, and applicable

state laws. The Company has not registered and does not intend to register any

portion of the Offering in the United States or to conduct a public offering of

any securities in the United States. No money, securities or other consideration

is being solicited and if sent in response to the information contained herein,

will not be accepted.

This communication has been issued on behalf of the Company and is the sole

responsibility of the Company. The contents of this announcement have been

approved by Credit Suisse Securities (Europe) Limited of One Cabot Square,

London E14 4QJ ("Credit Suisse") solely for the purposes of section 21(2)(b) of

The Financial Services and Markets Act 2000. Credit Suisse is acting exclusively

for the Company and no-one else in connection with the Offering and will not be

responsible to anyone other than the Company for providing the protections

afforded to clients of Credit Suisse or for providing advice in relation to the

Offering, the contents of this announcement or any transaction or arrangement

referred to herein.

Credit Suisse's responsibilities as nominated adviser to the Company are owed

solely to the London Stock Exchange and are not owed to the Company or to any

Director or to any other person, whether in respect of any decision to acquire

shares in the Company, in relation to any part of this document or otherwise.

This document does not constitute a recommendation concerning the Offering. The

value of shares can go down as well as up. Past performance is not a guide to

future performance. Potential investors should consult a professional adviser as

to the suitability of the Offering for the investor concerned.

Stabilisation/FSA

(1) The King Sturge valuation reports are presented as at 30 September 2006 and

therefore do not include the Ablon group's two recently acquired properties in

Bucharest, which the Company has valued at their combined cost of EUR 15.7

million.

For more information and to contact AFX: www.afxnews.com andwww.afxpress.com