Acquisition

Dawnay, Day Carpathian PLC
01 October 2007






                           Dawnay, Day Carpathian PLC

                            ('DDC' or the 'Company')


 Announces the Acquisition of a portfolio of 4 properties in the Czech Republic
                                  and Hungary



Dawnay, Day Carpathian PLC, the retail property investment company established
to invest in Central and Eastern Europe, is pleased to announce that it has
acquired a retail portfolio of four properties from MID Group based in Austria
for a total consideration of £46.7m (€67.7m).


The portfolio comprises two properties in the Czech Republic; a 22,000 sqm
shopping centre in Hradec Kralove and a 7,700 sqm supermarket in Znojmo, and two
properties in Hungary; a 10,000 sqm retail park in Ozd and a 9,000 sqm
supermarket in Gyula. The majority of the portfolio is let to major
international brand retailers on long leases with 87% of the income secured
against leases with Interspar and Baumax. The average unexpired lease term in
the portfolio is in excess of 10 years.


After purchase costs, the portfolio will produce net initial returns of
approximately 6.45% rising with lease indexation. The purchase was closed and
simultaneously part financed with a 3 year loan from Hypo Real Estate
International. Equity invested is £9.7m, (€14.07m)


The properties offer predominantly convenience-based retailing activities with
car parking in areas of strong resident population. The average rent per sqm is
approximately €8.00 per month.


Commenting on the acquisition, Rupert Cottrell, Chairman of Dawnay, Day
Carpathian PLC said 'This is an excellent strategic purchase for the Company,
bringing a secure, long term income flow to our diverse portfolio. These
properties leased to high quality retailers compliment well the more active
asset management led investments within the portfolio and the development
activity we are also now undertaking.'






Enquiries:

Dawnay, Day PanTerra   Peter Klimt               020 7834 8060
                       Paul Rogers
                       Balazs Csepregi

Cardew Group           Tim Robertson             020 7930 0777
                       Catherine Maitland

Numis Securities       Bruce Garrow              020 7260 1000
                       Anthony Richardson






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