Refinance of Acquisition

Dawnay, Day Carpathian PLC
14 March 2008


                           DAWNAY, DAY CARPATHIAN PLC
                            ('DDC' or the 'Company')




            Announces the refinance of six supermarkets in Croatia

Dawnay, Day Carpathian PLC (DDC), the retail property investment company
established to invest in Central and Eastern Europe, is pleased to announce the
refinance of a recent acquisition in Croatia, with a €40.5 million debt
facility, representing a loan to cost of over 74%.

This follows an announcement on 21 December 2007, when DDC acquired six stores
leased to Konzum d.d. ('Konzum'), the largest retailer in Croatia, and announced
its intention to refinance the acquisition with debt upon completion.

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 in Poland, the Antana Warehouse Park in Hungary,
the Varyada Shopping Centre in the Czech Republic, the Promenada Shopping and
Business Centre in Poland, the Plaza Portfolio of four shopping centres in
Hungary, Macro Mall shopping centre in Brasov, Romania, Babilonas shopping
centre in Panevezys, Lithuania, four retail developments at Cluj, Arad, Baia
Mare and Satu Mare in Romania, the Mid portfolio across Hungary and the Czech
Republic and Marina Mokotow in Poland.



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