Adams Regulatory News (ADA)

Date:

05 August 2011

On behalf of:

Carpathian PLC ("Carpathian", the "Company" or the "Group")

For immediate release

Carpathian PLC

Rory Macnamara, Non-executive Chairman

 Via Redleaf Communications

Collins Stewart Europe Limited

 020 7523 8350

Bruce Garrow

Redleaf Communications

 020 7566 6720

Luis Mackness

carpathian@redleafpolhill.com

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Carpathian was created in 2005 for the purpose of investing in Central and Eastern European commercial real estate.

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Carpathian was admitted to trading on AIM in July 2005.

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CPT LLP is the Property Investment Adviser to Carpathian. CPT LLP owns 100% of Carpathian Asset Management Limited ("CAM"). CAM, which was previously owned as to 50% by the Company, became fully externalised when the Company and CPT LLP implemented the new portfolio management agreement on 1 March 2010. CAM, together with its parent undertaking, CPT LLP, is responsible for managing the core portfolio of assets and transactions within Central and Eastern Europe.