ABL Ablon

    


Ablon Group



                            CHANGE IN DIVIDEND POLICY

Ablon Group Limited ("Ablon" or "the Company"), a leading real estate owner and
developer in Central and Eastern Europe, today announces that, as a result of
increased volatility in the global financial markets, and the resulting
uncertainty, the Company's Board of Directors has decided it would not be
prudent to recommend the payment of a dividend for the current year.

Ablon has taken this step to support the Company's growth initiatives during the
current challenging market environment. The Company's Management and Board of
Directors believe that shareholders' interests will be better served by
retaining its earnings. The board will revisit the dividend policy when it will
discuss the 2008 full year financial statements.

In May 2008, Ablon paid its first dividend to shareholders since the Company's
initial public offering in February 2007. The Company paid a dividend of �4.0
million (or 2 per cent of Ablon's net asset value (NAV) on September 2006) on
account of the Company's profits in 2007. Subject to several factors and where
it was otherwise appropriate to do so, the Company had intended to declare a
dividend payment of 7.5% of net asset value of the group as of 30 September
2006, in the second quarter of 2009.

For further information, please contact:

Ablon Group Limited                          Shared Value Limited
Daniel Avidan, CFO                           Nicolas Duperrier
Tel. +36 1 225 6600                          Tel. +44 (0)20 7321 5010
ablon@sharedvalue.net

KBC Peel Hunt Ltd                            ING Wholesale Banking
(Nominated Adviser and Broker)               (Joint Corporate Broker)
Capel Irwin / Alex Vaughan / Daniel Harris   Aur�lie Barry
Tel. +44 (0)20 7418 8900                     Tel. +44 (0)20 7767 6572

ABOUT ABLON GROUP

Founded in 1993 in Budapest (Hungary), Ablon Group has properties at 28
different locations split into 54 different projects or phases, of which there
are 13 completed projects and 16 development projects in Budapest, Prague,
Bucharest, Warsaw and Gdansk. Its portfolio comprises a diversified mix of
office, residential, retail, logistics and hotel developments valued at EUR
617.4 million by King Sturge, an independent valuation firm, as at 31 December
2007. Ablon has to date approximately 149,400 square metres of existing and
income generating office and retail assets (at 13 locations) in Budapest and
Prague, with a significant development land bank comprising a further 1,328,800
square metres in the next five years (at 26 locations) in Budapest, Prague,
Bucharest, Warsaw and Gdansk. Ablon's shares are traded on the AIM market of the
London Stock Exchange under the ticker 'ABL'.

Grafico Azioni Ablon (LSE:ABL)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Ablon (LSE:ABL)
Storico
Da Lug 2023 a Lug 2024