Acquisition of Shares

Dolphin Capital Investors Limited
26 April 2007


26 April 2007

                      Dolphin Capital Investors Limited (DCI.L)

               Further re: acquisition of Aristo Developers Plc and Public
                           Offer to acquire the remaining shares

On 25 April 2007, and further to previous announcements, Dolphin Capital
Atlantis Ltd ('DCA' or the 'Company'), a subsidiary of Dolphin Capital Investors
Ltd, acquired on market an additional 4.377% of the share capital in Aristo
Developers Plc ('Aristo') at prices not exceeding €2.15 per share.

DCA has already acquired 26.32% of the share capital of Aristo and has also
secured the acquisition of 59.54% of Aristo from Mr. Theodoros Aristodemou (and
persons associated to him), the principal shareholder and founder of Aristo. 
The transfer of the stake of 59.54% to DCA is subject to the approval of the
Commission for the Protection of Competition and any other competent authority.

Accordingly, DCA directly holds 30.697%, and a further 59.54% is held via escrow
agents, representing a total of 90.237% of the share capital of Aristo.

The Public Offer ('PO') document was filed yesterday. The process for approval
of the PO document by the Cyprus Stock Exchange Committee ('CySec') is expected
to be completed in less than 2 weeks. The Cyprus Anti-monopoly Commission
('AMC') is expected to give its approval in approximately 6 weeks. Subject to
all of the abovementioned approvals and to the 90% threshold level, reached by
DCA on 25 April 2007, the Company will, upon termination of the 30-day PO
acceptance period, proceed to activate the 'squeeze-out' provision to acquire
the rest of the free float of Aristo at the PO price.

Contacts:
Dolphin Capital Investors                                 www.dolphincapitalinvestors.com
Miltos E Kambourides
[e-mail]
Pierre A Charalambides
[e-mail]

Adventis Financial PR
Annie Evangeli                                            020 7034 4757 / 07778 507 162
[e-mail]

Grant Thornton Corporate Finance (Nominated Adviser)      020 7383 5100
Philip Secrett

Panmure Gordon                                            020 7459 3600
(Broker)
Richard Gray / Dominic Morley / Andrew Potts




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