Directorate Change

24 Jul 2008 07:00



Date: 24 July 2008

On behalf of: Dawnay, Day Carpathian PLC

Embargoed until: 0700hrs

Dawnay, Day Carpathian PLC

("Carpathian" or the "Company")

Board Change & Director's Dealings

The Board of Carpathian, (AIM: DDC), the retail property investment company established to invest in Central and Eastern Europe, announces that on 23 July 2008, Mr Peter Klimt resigned as a Director of the Company.

Chairman of the Company, Rupert Cottrell, commented:

"Peter Klimt was heavily involved with the formation of the Company and the Board would like to thank him for his contribution and guidance since launch and also to wish him well for the future."

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Enquiries: 

Dawnay, Day Carpathian PLC 

Paul Rogers 020 7834 8060 

Numis Securities Limited:  020 7260 1000 

Nominated Adviser: 

Anthony Richardson, Nick Westlake 

Corporate Broking: Charlie Farquhar

IOMA Fund and Investment Management Limited

Philip Scales 01624 681250

Redleaf Communications carpathian@redleafpr.com

Adam Leviton/Henry Columbine 020 7822 0200