Announcement re Doric Nimrod Air Finance Alpha Ltd

FOR IMMEDIATE RELEASE

DORIC NIMROD AIR TWO LIMITED

Announcement re Doric Nimrod Air Finance Alpha Limited

29 June 2012

DORIC NIMROD AIR FINANCE ALPHA LIMITED

ANNOUNCES PRICING OF $587.5 MILLION AIRCRAFT FINANCING

St. Peter Port, Guernsey, June 29, 2012- Doric Nimrod Air Finance Alpha Limited ("Doric Alpha"), a wholly-owned subsidiary of Doric Nimrod Air Two Limited ("DNA2"), announced today that it priced an offering of Class A and Class B enhanced equipment trust certificates (the "Certificates") with an aggregate face amount of approximately $587.5 million. Doric Alpha intends to use the proceeds from the offerings to finance the acquisition of four new Airbus A380 aircraft to be leased to Emirates scheduled to be delivered from September 2012 to November 2012.

The Class A certificates, with a face amount of approximately $434 million, will bear interest at an annual rate of 5.125% and will have a final expected distribution date of November 30, 2022. The Class B certificates, with a face amount of approximately $154 million, will bear interest at an annual rate of 6.500% and will have a final expected distribution date of May 30, 2019. The offerings are expected to close on July 11, 2012, subject to customary conditions.

Moody's Investors Service rated the Class A Certificates A3 and the Class B Certificates Baa3. Goldman, Sachs & Co. acted as Sole Structuring Agent and Sole Bookrunner. A diversified pool of 37 institutional investors participated in the offerings, which were more than three times oversubscribed. The distribution by investor type was as follows: 74% asset managers, 9% pension funds, 12% fund managers, 3% insurance companies and 2% banks. The distribution by investment volume was 75% USA, 20% Europe and 5% Asia, involving a number of first time EETC investors.

Application has been made to the Financial Services Authority (the "UK Listing Authority") for the Certificates to be admitted to the official list of the UK Listing Authority and to the London Stock Exchange for the Certificates to be admitted to trading on the regulated market of the London Stock Exchange.

DNA2 is a limited liability company organized under the laws of Guernsey that is listed on the London Stock Exchange (LSE: DNA2, DN2C). DNA2 is engaged in the business of acquiring, leasing and selling aircraft.

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This release is not for PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. this press release shall not constitute an offer to sell or the solicitation of an offer to buy the Certificates, nor shall there be any sales of the Certificates in the united states or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

The Certificates were not and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") and were offered and sold in the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act, and to certain persons outside the United States in reliance on Regulation S under the Securities Act. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. There are no registration rights associated with the Certificates.

The Certificates may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

THIS COMMUNICATION IS AN ADVERTISEMENT AND FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER TO ACQUIRE ANY SECURITIES AND IS NOT INTENDED TO PROVIDE THE BASIS FOR ANY CREDIT OR ANY OTHER THIRD PARTY EVALUATION OF THE CERTIFICATES OR THE TRANSACTION (THE "TRANSACTION") AND SHOULD NOT BE CONSIDERED AS A RECOMMENDATION THAT ANY INVESTOR SHOULD SUBSCRIBE FOR OR PURCHASE ANY OF THE CERTIFICATES. ANY INVESTOR WHO SUBSEQUENTLY ACQUIRES THE CERTIFICATES MUST RELY SOLELY ON THE FINAL PROSPECTUS WHICH WILL BE PUBLISHED BY DORIC ALPHA IN CONNECTION WITH THE TRANSACTION, ON THE BASIS OF WHICH ALONE PURCHASES OF OR SUBSCRIPTION FOR THE CERTIFICATES MAY BE MADE.

Following publication, copies of any final prospectus will be made available in an electronic form on the website of the regulated market of the London Stock Exchange, at: www.londonstockexchange.com/exchange/news/market-news/market-news-home.html

This communication is directed only at persons who (i) are outside the United Kingdom or (ii) have professional experience in matters relating to investments or (iii) are persons falling within Article 49 (2)(a) to (d) ("high net worth companies, unincorporated associations etc") of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.

 For further information, please contact:

For administrative and company information:

Anson Fund Managers Limited

+44 (0) 1481 722260

For shareholder information:

Nimrod Capital LLP

Richard Bolchover

Marc Gordon

+44 (0) 20 3355 6855