ABL Ablon

    

Ablon Group

ABLON GROUP ACQUIRES ITS FIRST PLOT OF LAND IN WARSAW, POLAND, FOR DEVELOPMENT
OF LUXURY APPARTMENTS

Ablon Group Limited ("Ablon" or "the Company"), a leading real estate owner and
developer in Central and Eastern Europe, today announces that the Company has
completed the acquisition of a new 5,290 square metre plot of land located in
the centre of Warsaw, Poland. The plot is strategically situated within close
proximity of the Daewoo / World Trade Tower and the new Hilton Hotel and
Residential Towers. The site is located in one of the most exclusive and highly
sought after locations in central Warsaw, and is within walking distance of main
offices, transport networks and the key commercial and cultural centres in the
capital.

The Company plans to build up to 13 floors of residential space at the site,
occupying approximately 17,000 square metres for a total development cost of EUR
40 million. Construction at the site will commence in the third quarter of 2008
and is expected to last 2 years. The total revenues from the project are
expected to be between EUR 70 and EUR 85 million.

The acquisition, which is Ablon Group's first residential venture in Poland,
reflects the Company's strategy of building a solid portfolio of assets in the
most attractive cities in Central and Eastern Europe.

Uri Heller, Founder and Chief Executive of Ablon, commented: "We are delighted
to have secured a deal for our first development in Poland and are confident
that this new development in Warsaw will add substantial value to our portfolio.
Warsaw is one of Central Europe's most dynamic real estate markets, with some of
the highest per square metre real estate prices in the region. There is strong
demand in the city for newly built and quality residential space, which is what
Ablon Group is renowned for. We continue to look at other selective
opportunities in Central Europe in the office, residential and other
sub-segments that will enable Ablon Group to deliver further growth and generate
increasing value for our shareholders."

For further information, please contact:

Ablon Group Limited
Daniel Avidan
Tel. +36 1 225 6600
ablon@sharedvalue.net

Shared Value Limited
CFO Nicolas Duperrier
Tel. +44 (0)20 7321 5010

Credit Suisse Securities (Europe) Limited
Chris Byrne / Richard Probert
Tel. +44 (0)20 7888 8888

ING
Aur�lie Barry
Tel. +44 (0)20 7767 6572

ABOUT ABLON GROUP

Founded in 1993 in Budapest (Hungary), Ablon Group has properties at 27different
locations split into 50 different projects or phases, of which there are 13
completed projects and 22 development projects in Budapest, Prague and
Bucharest. Its portfolio comprises a diversified mix of office, residential,
retail, logistics and hotel developments valued at EUR 540.7 million by King
Sturge, an independent valuation firm, as at 30 June 2007. Ablon has to date
approximately 119,100 square metres of existing and income generating office and
retail assets (at 11 locations) in Budapest and Prague, with a significant
development land bank comprising a further 991,900 square metres in the next
five years (at 22 locations) in Budapest, Prague and Bucharest. Ablon's shares
are traded on the AIM market of the London Stock Exchange under the ticker
'ABL'.

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