Notice of NAV and Trading Update

1 June 2011

DOLPHIN CAPITAL INVESTORS LIMITED

("Dolphin" or the "Company")

Notice of Q1 2011 NAV Announcement and Trading Update

Dolphin Capital Investors, a leading global investor in the residential resort sector in emerging markets and the largest real estate investment company listed on AIM by Net Asset Value, will announce its NAV

for Q1 2011 and a Trading Update on Wednesday 8 June 2011.

-ENDS-

For further information, please contact:

Dolphin Capital Partners

Miltos E. Kambourides [email protected]

Pierre A. Charalambides [email protected]

Katerina G. Katopis [email protected]

Eleni Florou [email protected]

Financial Dynamics, London +44 (0)20 7831 3113

Stephanie Highett [email protected]

Will Henderson

Olivia Goodall