Portfolio Valuation

Aisi Realty Public Limited
13 March 2008


13 March 2008

                           Aisi Realty Public Limited
                           ('Aisi' or the 'Company')

                    Founding Investment Portfolio Valuation

Aisi Realty Public Limited, the property investment group focusing on developing
real estate projects and related investments in Ukraine, is pleased to announce
the valuation of its investment portfolio as of 1st February 2008.

As set out in the Company's admission document dated 25 July 2007, the Company
held interests in five projects at the time of its Admission to AIM ('Founding
Investment Portfolio'). DTZ, the property consultant, conducted a valuation of
four out of the five projects in the Founding Investment Portfolio as at 1st
August 2007 and also at 1st February 2008 as part of the calculations for the
warrants to be issued to pre-IPO shareholders. The fifth investment in the
Founding Investment Portfolio is held as a loan.

DTZ have undertaken their valuations (as at 1 August 2007 and 1 February 2008)
of the projects in the Founding Investment Portfolio on the basis of 100 per
cent. ownership of the projects. On this basis the aggregate value of the
projects in the Founding Investment Portfolio as at 1st February 2008 is 
$67.6 million an increase of $27.1 million, over the valuation of the projects
Founding Investment Portfolio at 1st August 2008 which was $40.5 million.

Taking into account the Company's partial ownership interest in the Tsymlianskiy
Lane project and project related costs, the net valuation increase of the
Company's interests in the Founding Investment Portfolio is approximately $12.8
million.

The number of warrants to be issued will be based upon the net valuation
increase of the Company's interests in the Founding Investment Portfolio
together with the net sale proceeds received by the Company from the disposal of
its interest in the Tarasovskaya Street project in May 2007. The number of
warrants to be issued will be announced at the time of completing the audit of
the Company's financial results and pre-IPO shareholders will be informed of
their individual entitlement at that time.

Commenting on the valuation, director of Aisi, Beso Sikharulidze, said: 'The
Board is very pleased with the performance of the Company's Founding Investment
Portfolio. The increase in value endorses our approach to quality investments
and indeed, to Ukraine itself. We continue to explore opportunities to enhance
returns to shareholders.'

Information on the warrants to be issued to the pre-IPO investors and the
Company's Founding Investment Portfolio is set out in the Company's admission
document which is available to be viewed on the Company's website at
www.aisicap.com

Enquiries

Aisi Realty:
Beso Sikharulidze                               0038 044 459 3000

Corfin Communications:
Neil Thapar, William Cullum                     020 7977 0020

Libertas Capital:
Andrew Hardy, Aamir Quraishi                    020 7569 9650




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