TIDMABL 
 
 




  RESULT OF ANNUAL GENERAL MEETING OF SHAREHOLDERS 


 




  Ablon Group Limited ("Ablon" or "the Company"), a leading real estate owner and developer in Central and Eastern Europe, today held the Company's Annual General Meeting of the Shareholders (the "AGM"), at the registered office of the Company, located at Frances House, Sir William Place, St Peter Port, Guernsey GY1 4HQ. All of the resolutions proposed at the AGM were duly passed with the exception of the following special resolution: 


 




  "2. In accordance with Article 42.4.4, to authorise the acquisition of additional ordinary shares in the Company's issued share capital ("Ordinary Shares") by Aura Holding GmbH ("Aura"), a company that is, at the date of this resolution, interested in more than 30 per cent of the Ordinary Shares, provided that: 


 




  (a) the maximum number of Ordinary Shares authorised to be acquired by Aura shall not exceed such number of Ordinary Shares as shall, when combined with Aura's then interest in Ordinary Shares, equal 40 per cent of the Ordinary Shares in the Company's issued share capital (rounded up to the nearest whole number); 


 




  (b) such authority shall expire at the Annual General Meeting of the Company in 2011 unless such authority is varied, revoked or renewed prior to such date by an ordinary resolution of the Company in general meeting in accordance with Article 42.4.4; and 


 




  (c) Aura may make a contract to purchase Ordinary Shares under such authority prior to its expiry which will or may be executed wholly or partly after its expiration and Aura may make a purchase of Ordinary Shares pursuant to any such contract." 


 




  For further information, please contact: 


 




  Ablon Group LimitedUri Heller / Adrienn LovroTel. +36 1 225 6600 


 




  KBC Peel Hunt Ltd(Nominated Adviser and Broker)Capel Irwin / Alex Vaughan / Nicholas MarrenTel. +44 (0)20 7418 8900 


 




  ING Wholesale Banking(Joint Corporate Broker)Nathalie Bachich de Recina / Julie WakkieTel. +44 (0)20 7767 8362 


 




  Shared Value LimitedNicolas Duperrier / Mark WalterTel. +44 (0)20 7321 5010ablon@sharedvalue.net 


 




  NOTES TO EDITORS 


 




  About Ablon Group 


 




  Founded in 1993 in Budapest (Hungary), Ablon Group has properties at 34 locations, of which there are 15 completed projects and 19 development projects in Budapest, Prague, Bucharest, Warsaw and Gdansk. Its portfolio comprises a diversified mix of office, residential, retail, logistics and hotel developments valued at EUR525 million by external independent appraisers (GVA and King Sturge), as at 31 December 2009. Ablon has, to date, approximately 177,090 square metres of existing and income generating office and retail assets (at 13 locations) in Budapest and Prague, with a significant development land bank comprising a further 1,273,230 square metres (at 24 locations) in Budapest, Prague, Bucharest, Warsaw and Gdansk. Ablon's shares are traded on the AIM market of the London Stock Exchange under the ticker 'ABL'.
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