Increased shareholding in Subsidiary

22 December 2014

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Increased investment in subsidiary

BCRE is pleased to announce that it continues to increase its stake in its subsidiary, Brack Capital Properties N.V. ("BCP"), and has exercised an option to purchase 18,658 shares for a total consideration of USD 1,058,980 (purchase price and the option exercise price). The effective price per share is around NIS 224, which reflects the option purchase price and the option exercise price. Exercising this option takes the Company's holding in the issued share capital of BCP to 34.64%. BCP is the real estate investment platform of BCRE in Germany whose shares are traded on the TASE.

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About BCRE

BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany, Russia, India and the UK.

The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.