Net Asset Value(s)

Dawnay, Day Carpathian PLC
12 March 2007


                         DAWNAY, DAY CARPATHIAN PLC

      Twenty nine percent adjusted NAV uplift for Dawnay, Day Carpathian.


Dawnay, Day Carpathian PLC ('DDC' or the 'Company') is pleased to announce that
DTZ Debenham Tie Leung Limited has completed its revaluation of the Company's
property portfolio.

The portfolio has been valued as at 31 December 2006 at £368.7 million, giving a
net uplift of £36.8 million compared  to the 31 December 2005 valuation or the
purchase price if acquired thereafter.

The unaudited net asset value per share adjusted to exclude goodwill and any
deferred tax liabilities arising on the  property valuations, has risen to
126.7p from 98.2p, an increase of 29%.

Non adjusted, unaudited net asset value per share has risen to 114.2 p from 97.4
p at 31 December 2005, an increase of  17.2%.

As noted in the trading update on 1 February 2007, the pipeline of potential
future transactions remains strong and now  significantly exceeds the remaining
liquidity within the Company.  In addition, as was also noted in the trading 
update, a substantial number of forward commitment development opportunities
exist which the Company is seeking to  pursue.  Overall, the Directors'
objective is to ensure that the Company is able to maintain the existing
positive  momentum.

Rupert Cottrell, Chairman of Dawnay, Day Carpathian said: 'As we expected DTZ's
report has reflected the attractive  transactions undertaken since flotation.
This valuation uplift is a positive recognition of the Company's acquisition 
strategy and asset management capabilities.  The immediate and longer term
pipelines remain strong and we look forward  to providing further updates.'

The financial results in this statement are unaudited, the audited preliminary
results for the 12 months ended 31 December 2006 will be announced in April
2007. A results date will be announced shortly.


Enquiries:

Dawnay, Day PanTerra         Peter Klimt                   020 7834 8060
                             Paul Rogers
                             Balazs Csepregi
Cardew Group                 Tim Robertson                 020 7930 0777
                             Catherine Maitland




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