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Interim Results for the six months ended June 30, 2008

30 July 2008
Aisi Realty Public Limited
(“Aisi” or “the Company”)

Interim Results for the six months ended June 30, 2008

Aisi, a property investment company focusing on development projects and related investments in Ukraine, announces its unaudited results for the six months ended June 30, 2008.
Financial Highlights
• As of June 30, 2008, the investment portfolio, net of capitalized construction costs, was valued by DTZ at $89.9m, an increase of 197% over a year ago and 59% from December 31, 2007.
• Adjusted Net Asset Value was $142.5m - an increase of 93% since June 30, 2007.
• Adjusted Net Asset Value per share of $0.74 (June 30, 2007: $0.64).
• Net income of $26.2m (June 30, 2007: $0.3m net loss).

Operational Highlights
• Completed acquisition of remaining 10% stake in Terminal Brovary. Construction of the property is nearing completion.
• Commenced construction on Bela Logistics Park in Odessa, comprising three independent warehouses with a gross area of 108,000 sq. m. Completion due in Q4, 2009.

Post-period Highlights
• Pre-lease agreement for Brovary Logistics Park signed with one of the leading Ukrainian logistics operators, UVK. The lease terms are in-line with market rates for a 10 year period commencing on January 1, 2009.
• Land lease extension obtained for Terminal Brovary to 49 years through 2055.
• Facility agreement signed for the construction and post-construction loan of up to $65m for the development of the Bela Logistics Park in Odessa.

Commenting on the results, Paul Ensor, Chairman of Aisi, said: “Aisi has continued to execute its strategy of establishing itself as a quality developer in the robust Ukraine real estate market. Management remains very upbeat about the prospects for both portfolio and pipeline projects. The Company’s potential pipeline is extremely robust with total project development and construction costs of about $800m. We look forward with considerable confidence.”

A copy of the full text and report may be found on this web site Interim Results for the six months ended June 30, 2008

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