IMG EMEA Conference

17 May 2007 07:02

Fabian Romania Property Fund Ltd17 May 2007 17 May 2007 Fabian Romania Property Fund Limited ("Fabian" or the "Fund") Participation in ING EMEA Real Estates Conference in London and Investment Property Information as at 31 March 2007 Fabian, the AIM listed property fund established to invest in Romanian property,announces that it is participating in the ING EMEA Real Estates Conference inLondon on 17 and 18 May 2007. The Fund further announces the following information relating to its twoinvestment properties as at 31 March 2007. Investments (as at 31 March 2007) Banu Antonache Cascades Independent valuation per DTZMarket valuation (•'000) 15,200 14,700Core yield assumed (%) 7.20% 7.20%Implied NOI (•'000) 1,094 1,058 Operating statistics (annualised)Net lettable area (sqm) 4,395 4,300Gross rental revenue (•'000pa) 1,144 1,100 Office space let (sqm) 3,788 3,742Average rent (•pcm/sqm) 19.2 18.5Office rent roll (•'000pa) 871 831 Restaurant/retail rental revenue (•'000pa) 154 171Other rental revenue incl. parking (•'000pa) 119 98 Vacancy space (%) 0% 0%Average lease length (years) 4.1 5.0Parking spaces (no.) 85 46 Mortgage Debt (•'000)Principal 9,056.6 9,424.9Annualised interest 550.6 568.0Principal repayments in 2007 250.1 245.3Remaining 2007 principal repayments 187.9 183.8 For further information, please contact: Fabian Romania Property Fund Limited Mark Holdsworth 020 7499 9988 This information is provided by RNS The company news service from the London Stock Exchange