Eurocastle Announces Annual General Meeting

ST PETER PORT, Guernsey - Eurocastle Investment Limited (Frankfurt Stock Exchange: EUI1 and Euronext Amsterdam: ECT) announces the Company will hold its Annual General Meeting on Monday, 15 June 2009, at the Company’s registered office at 12:00 noon (1:00 p.m. CET). Notices and proxy statements have been mailed out to all shareholders on record as of 7 May 2009.

About Eurocastle

Eurocastle Investment Limited is an investment company which primarily owns and manages German commercial real estate assets. The Company is Euro denominated and is listed on Frankfurt Stock Exchange under the symbol “EUI1″ and on Euronext Amsterdam under the symbol “ECT.” Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a leading global alternative asset manager. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.

International Administration (Guernsey) Limited Company Administrator

Attn: Mark Woodall

Tel: +44-1481-723450

Source: Eurocastle Investment Limited

Attn: Mark Woodall, Tel: +44-1481-723450