Net Asset Value(s)

23 Apr 2007 07:01

Fabian Romania Property Fund Ltd23 April 2007 23 April 2007 Fabian Romania Property Fund Limited ("Fabian" or the "Fund") Net Asset Value ("NAV") as at 31 March 2007 Fabian, the AIM listed property fund established to invest in Romanian property,announces that its unaudited NAV per Ordinary Share as at 31 March 2007 was€1.390. This represents an increase of +2.5 per cent. versus the €1.356 reported for 31December 2006. The NAV is calculated in accordance with the Fund's articles of association. The market valuations of the portfolio used within unaudited NAV per OrdinaryShare are: Market Value Bank (Debt)/Cash Other NAV Original InvestmentCascades office €14.7m (€9.4m) €0.3m €5.6m €12.2mBanu office €15.2m (€9.1m) €0.2m €6.3m €12.3mNew Town * €10.0m (€1.2m) €0.9m €9.7m €5.75mLakeview * €8.3m (€5.1m) - €3.2m €5.3mBank Cash - €46.4m - €46.4mOther - - (€0.5m) (€0.5m)Sub-total €48.2m €21.6m €0.9m €70.7m * represents Fabian's share of the development The pipeline to invest the €40m raised on admission to AIM continues to beactively progressed in line with the stated strategy. For further information, please contact: Fabian Romania Property Fund LimitedMark Holdsworth 020 7499 9988 Shore Capital Stockbrokers LimitedDru Danford 020 7408 4090 Deloitte Corporate Finance James Lewis 020 7936 3000 This information is provided by RNS The company news service from the London Stock Exchange