ABL Ablon

    


Ablon Group



                              Dealings by Director

Ablon Group Limited ("Ablon" or "the Company"), a leading real estate owner and
developer in Central and Eastern Europe, announces that Mr. Dennis Twining,
Non-Executive Chairman of the Board of Directors, today purchased 10,000
Ordinary shares each at a price of 268p. per share. As a result of this
transaction, Mr. Twining has a total holding of 10,000 shares.

                          _____________________________

For further information, please contact:

Ablon Group Limited                                                   Shared Value Limited
Daniel Avidan, CFO                                                    Nicolas Duperrier
Tel. +36 1 225 6600                                                   Tel. +44 (0)20 7321 5010
                                                                      ablon@sharedvalue.net

Credit Suisse Securities (Europe) Limited
Chris Byrne / Richard Probert
Tel. +44 (0)20 7888 8888

                                       ***

ABOUT ABLON GROUP

Founded in 1993 in Budapest (Hungary), Ablon Group has successfully completed
properties at 13 locations comprising 15 completed projects (including two
completed projects that have been sold) and currently has properties at 19
locations comprising 34 development projects (including properties being
developed in multiple phases) in Budapest (Hungary), Prague (Czech Republic) and
Bucharest (Romania). Its portfolio comprises a diversified mix of office,
residential, retail, logistics and hotel developments valued at EUR 405.8
million by King Sturge, an independent valuation firm, as at 30 September 20061.
Ablon has to date developed approximately 140,000 square meters of real estate
and its current development projects are expected to comprise approximately a
further 690,900 square meters. Ablon's shares are traded on the AIM market of
the London Stock Exchange under the ticker 'ABL'.

1 Property valuation (EUR 414.7m plus EUR 19.6m payment for Romanian assets)
less IFRS Investment property (EUR 269.7m), investment property under
development (EUR 22.9m) and inventories (EUR 22.2m)

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