Guernsey. 30 October 2015 - Eurocastle Investment Limited (Euronext Amsterdam: ECT) ("Eurocastle" or the "Company") announces that, together with other affiliates of Fortress Investment Group LLC, it has completed the acquisition of UniCredit Credit Management Bank S.p.A. ("UCCMB") from UniCredit. Eurocastle acquired a 50% share of the deal for an equity investment of approximately €250 million, subject to certain post-closing adjustments.

As previously announced, the acquisition includes a portfolio of non-performing loans ("NPLs") with a GBV of approximately €2.4 billion and an NPL servicing business (the "Servicer"). The Servicer has been renamed from UCCMB to doBank and is now the largest third party servicer in Italy. doBank has a banking license, over €45 billion assets under management and a wide network of branches throughout Italy. In addition to the acquisition of the NPLs and the Servicer, the transaction includes a 10-year servicing contract on future sub-performing and non-performing loans with balances below €1 million and selected assets above €1 million.