Acquisition

Dawnay, Day Carpathian PLC
07 November 2006


                          DAWNAY, DAY CARPATHIAN PLC

07 November 2006


           €82.5m acquisition of the Interfruct portfolio in Hungary


Dawnay Day Carpathian PLC ('Dawnay, Day' or the 'Company') is pleased to
announce that it has acquired a portfolio of 23 Interfruct properties in a sale
and leaseback deal from SCD International Ltd, for a purchase price of €82.5m
representing an initial yield of 7.80%, net of acquisition costs. This
acquisition represents the tenth transaction by the Company since the IPO in
July 2005.


The 23 cash and carry stores are located in Budapest and major regional cities
throughout Hungary, and have a total gross lettable space of 105,000 metre sq.
The stores are let on new 15 year leases to Interfruct kft, Hungary's largest
cash and carry retailer, at an average rent of €5.00 per metre sq per month. The
properties are situated on land plots totalling 345,000 metre sq, several of
which offer development potential in the longer term. On one of the sites in
Budapest, which overlooks the Danube, terms have been agreed with the tenant to
explore shorter term development opportunities.


The portfolio is being purchased in 2 phases, with the first phase of the
purchase comprising 17 properties, financed by equity of €49,5m, having already
completed. The additional properties will be transferred to the portfolio on or
before 30 March 2007 once the vendor has fulfilled a number of conditions.
Dawnay, Day expects to refinance part of the equity used for the initial
purchase within the next 6 weeks.


Commenting on this announcement, Rupert Cottrell, Chairman of Dawnay, Day
Carpathian said: 'This is an excellent transaction, which adds a large portfolio
of property assets with a well established tenant and has the added advantage of
providing potential development opportunities. Today's announcement also
represents the fund making good progress towards meeting its investment targets
for 2006.'


Enquiries:

Dawnay, Day Carpathian PLC  Peter Klimt             020 7834 8060
                            Paul Rogers

Cardew Group                Tim Robertson           020 7930 0777
                            Catherine Maitland


Notes to Editors


DDC listed on the AIM market in July 2005 and raised new funds to create a
geared €1 billion portfolio of retail properties. To date, the Company has
purchased four shopping centres with a property valuation of €64.5 million in
Poland, the Antana Warehouse Park in Hungary valued at €21.0 million, the
Varyada Shopping Centre in the Czech Republic valued at €37.0 million, the
Promenada Shopping and Business Centre in Poland for an initial €127.0 million,
the Plaza Portfolio of four shopping centres in Hungary for an initial €61.0
million, Macro Mall shopping centre in Brasov, Romania for approximately €19m
and Babilonas shopping centre in Panevezys, Lithuania for €32.5m and the
Ericsson Property, in Budapest for €17m.




                      This information is provided by RNS
            The company news service from the London Stock Exchange