Ablon Group



APPOINTMENT OF NEW NOMINATED JOINT-BROKER

Ablon Group Limited ("Ablon" or "the Company"), a leading real estate owner and
developer in Central and Eastern Europe, today announces that the Company has
appointed ING Corporate Finance, the corporate finance division of ING Bank
N.V., London Branch ("ING Bank") as its Joint-Nominated Broker with immediate
effect.

Uri Heller, Founder and Chief Executive of Ablon, commented: "We are pleased to
announce the appointment of ING Bank as the Company's new Joint Broker. ING
Bank's experience as an AIM Broker, in Central and Eastern Europe and in the
international capital markets reflects Ablon's ambition to broaden and deepen
its investor base".

                          ____________________________

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

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ABOUT ABLON GROUP

Founded in 1993 in Budapest (Hungary), Ablon Group has properties at 27
different locations split into 50 different projects or phases, of which there
are 13 completed projects and 16 development projects in Budapest, Prague and
Bucharest. Its portfolio comprises a diversified mix of office, residential,
retail, logistics and hotel developments valued at EUR 540.7 million by King
Sturge, an independent valuation firm, as at 30 June 2007. Ablon has to date
approximately 103,400 square meters of existing and income generating office and
retail assets (at 11 locations) in Budapest and Prague, with a significant
development land bank comprising a further 817,900 square meters in the next
five years (at 19 locations) in Budapest, Prague and Bucharest. Ablon's shares
are traded on the AIM market of the London Stock Exchange under the ticker
'ABL'.


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