Ablon Group

NOTICE 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 announces that an Annual General
Meeting of the Shareholders (the "AGM") of Ablon Group will be held on Tuesday
17 June 2008 at 10:00 AM (UK time), at the registered office of the Company,
located at Frances House, Sir William Place, St Peter Port, Guernsey GY1 4HQ.
The following resolutions will be proposed at the AGM:

ORDINARY RESOLUTIONS

1. To receive and adopt the Financial Statements and Chairman's report for the
year ended 31 December 2007.

2. To re-appoint Uri Heller as a Director of the Company.

3. To re-appoint Daniel Avidan as a Director of the Company.

4. To re-appoint KPMG Hungaria KFT as Auditors of the Company.

5. To authorise the Directors to fix the remuneration of the Company's Auditors.

6. To authorise the Company in accordance with the Companies (Purchase of Own
Shares) Ordinance, 1998 to make market purchases (as defined in such Ordinance),
provided that:

(a) the maximum number of Ordinary Shares authorised to be purchased is up to
14.99 per cent of the Ordinary Shares in issue (rounded up to the nearest whole
number);

(b) the minimum price which may be paid for any such Ordinary Share is EUR 0.01;

(c) the maximum price which may be paid for any such Ordinary Share is not more
than 5 per cent above the average of the middle market quotations taken from the
London Stock Exchange's FTSE AIM All-Share Index for the shares for the five
business days before the purchase is made;

(d) such authority shall expire at the annual general meeting of the Company in
2009 unless such authority is varied, revoked or renewed prior to such date by
an ordinary resolution of the Company in general meeting; and

(e) the Company 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 the Company may make a purchase of Ordinary Shares
pursuant to any such contract.

SPECIAL RESOLUTIONS

7. To amend the Articles of Association of the Company by the insertion of the
following new Article 42.4.10 and to renumber the existing Article 42.4.10
accordingly;

"42.4.10 (Scrip Dividends) the acquisition results from an issue of Ordinary
Shares pursuant to any scrip dividend, dividend reinvestment plan or other
payment of any dividend approved by the Company in general meeting by way of an
allotment of Ordinary Shares credited as fully paid; and".

Notes:

1. Any Members entitled to attend and vote at the meeting is entitled to appoint
one or more proxies to attend and vote instead of him. A proxy need not be a
Member of the Company.

2. The Form of Proxy, together, if appropriate, with the power of attorney or
other authority (if any) under which it is signed, must be deposited at the
office of the Company's Registered Office not later than forty-eight hours
before the time appointed for holding the meeting.

3. Return of a completed Form of Proxy will not preclude a Member from attending
and voting personally at the meeting.

4. As at the date of this notice (i) the Company's issued share capital consists
of 108,864,000 ordinary shares, all carrying one vote each; and (ii) the total
voting rights in the Company are 108,864,000.

Explanatory Notes:

Resolution 1

This resolution is to approve the Directors' remuneration report for the
financial period ended on 31 December 2007. You can find the report in the
report and accounts for the period ended on 31 December 2007.

Resolution 2

Following Mr Heller's performance evaluation, the Directors consider that it is
appropriate that he be retained as a director of the Company because his
performance continues to be effective and to demonstrate commitment to the role.

Resolution 3

Following Mr Avidan's performance evaluation, the Directors consider that it is
appropriate that he be retained as a director of the Company because his
performance continues to be effective and to demonstrate commitment to the role.

Resolution 6

The Company is proposing to renew its authority to make market purchases of
shares in the Company issued share capital. In line with best practice, this
authority will be limited to up to 14.99 per cent of the Company's issued share
capital at a price no greater than 5 per cent above the average of the middle
market quotations for the shares for the five business days before the purchase
is made.

Resolution 7

The current Articles of Association permit the Board at its discretion, and
provided that the Company has so approved in general meeting, to pay any
dividend in respect of shares in the capital of the Company by an allotment of
additional shares in the capital of the Company. Article 42.4 currently
specifies that certain acquisitions of Ordinary Shares are "Permitted
Acquisitions" (as defined in Article 42.4), but such Permitted Acquisitions do
not include any acquisition of Ordinary Shares pursuant to any payment of
dividends by way of an allotment of Ordinary Shares. This resolution amends the
Articles of Association in order to ensure that any such allotment of Ordinary
Shares will be a Permitted Acquisition (for the purposes of Article 42).

Copies of the full notice of the AGM have been posted to shareholders and are
available at the above registered office.

A copy of the new Articles of Association and a copy of the current Articles of
Association marked to show changes being proposed by special resolution are
available for inspection.

The Company's 2007 Report and Accounts are available in electronic format on
Ablon Group's website at www.ablon-group.com. Printed copies have also been
posted to shareholders.

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    ING
Chris Byrne / Richard Probert                Aur�lie Barry
Tel. +44 (0)20 7888 8888                     Tel. +44 (0)20 7767 6572

ABOUT ABLON GROUP

Founded in 1993 in Budapest (Hungary), Ablon Group has properties at 28
different locations split into 54 different projects or phases, of which there
are 13 completed projects and 16 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 EUR
617.4 million by King Sturge, an independent valuation firm, as at 31 December
2007. Ablon has to date approximately 139,700 square metres of existing and
income generating office and retail assets (at 12 locations) in Budapest and
Prague, with a significant development land bank comprising a further 1,040,600
square metres in the next five years (at 23 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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