ABL Ablon

    

Ablon Group



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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,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. OVER-ALLOTMENT OPTION EXERCISED

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, today announced that in connection with the initial public
offering of the Company (the "Offering"), it has received notice that the
over-allotment option, which was granted by the Company, has been exercised by
the Company's Stabilising Manager - Credit Suisse.

The over-allotment option covers 3,864,097 additional new ordinary shares (the
"Over-Allotment Shares"), which have been allotted and issued by the Company to
Credit Suisse today. Following the exercise and upon completion of the
over-allotment option, the Company has a total of 108,864,099 ordinary shares in
issue, with the Over-Allotment Shares comprising 3.6% of such enlarged issued
share capital of the Company.

Unconditional trading in the Company's shares on AIM commenced at market opening
on 7 February 2007.

For further information, please contact:

Ablon Group Limited Shared Value Limited

Daniel Avidan, CFO Matthew Hooper / Nicolas Duperrier

Tel. +36 1 225 6600 Tel. +44 (0)20 7321 5010

ablon@sharedvalue.net

Credit Suisse Securities (Europe) Limited

Richard Crawley / Saydam Salaheddin

Tel. +44 (0)20 7888 8888


ABOUT ABLON GROUP

Founded in 1993 in Budapest (Hungary), Ablon 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. Ablon's shares are traded
on the AIM market of the London Stock Exchange under the ticker 'ABL'.

                                           ***

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. 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 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. 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.

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