ABL Ablon

TIDMABL

Ablon Group Limited

20 April 2011

For Immediate Release 20 April 2011

ABLON Group Limited

("ABLON" or "the Company")

Opening of Europeum Shopping Centre, Budapest

ABLON Group Limited, a leading real estate owner and developer in Central and Eastern Europe, is delighted to announce that on 14 April 2011, the Group opened its Europeum shopping centre in Budapest. The shopping centre comprises 6,500m(2) and is centrally located on Blaha Lujza square on the three lower ground floors under the Marriott Courtyard Hotel, which the Group opened in April 2010. This is the first mixed use site that the Group has developed.

The Blaha Lujza square is a major traffic hub on the Pest side of Budapest with over 300,000 people passing through daily. The centre is close to both the airport and train lines and minutes away from tourist attractions including the Rudas Thermal Bath, Gellert Hill, Buda Castle and Erzsebet Bridge.

The Europeum shopping centre anchor tenants are Muller, H&M and Deichmann. Other retail tenants include Samsonite, Triumph, Tally Weijl, Brigitte Bijou and Yves Rocher. The centre opened with 90% occupancy with an expected annual rental income of over EUR1.3 million. The remaining available areas for rent are expected to be let shortly.

Uri Heller, Chief Executive of ABLON, commented:

"We are delighted to have opened the Europeum shopping centre in the heart of Budapest and to have secured a series of well known retail tenants. Our tenants have given positive feedback to date and importantly turnover and visitor numbers to date are ahead of our expectations. This centre marks our first mixed use site development and we look forward to its ongoing success."

Further information on the Europeum can be found at www.europeum.hu/fooldal and pictures of the opening ceremony can be found at http://www.europeum.hu/hirek/20110419/megnyito-kepekben

For further information, please contact:

ABLON Group Limited Uri Heller / Adrienn Lovro

Tel. +36 1 225 6600

Religare Capital Markets

James Pinner / Derek Crowhurst (Nominated Adviser)

Daniel Briggs (Joint Corporate Broker)

Tel. +44 (0)20 7444 0500

ING Wholesale Banking

(Joint Corporate Broker)

Nathalie Bachich de Recina / Julie Wakkie

Tel. +44 (0)20 7767 8362

Buchanan Communications

(Financial PR)

Tim Thompson / Richard Darby / Christian Goodbody / Jonathan Rivlin

Tel. +44 (0)20 7466 5000

About ABLON Group Limited

Founded in 1993 in Budapest (Hungary), ABLON and its subsidiaries (together the "ABLON Group" or the "Group") has properties at 34 locations, of which there are 18 completed projects and 24 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 EUR527 million by external independent appraisers (GVA and King Sturge), as at 30 June 2010. ABLON has, as at 30 June 2010, 201,150 square metres of existing and income generating office, hotel and retail assets (at 15 locations) in Budapest and Prague, with a significant development land bank comprising a further 1,234,800 square metres (at 24 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'.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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