Publication of Prospectus

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

This announcement is not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer or invitation to sell, issue, purchase or subscribe for, or any solicitation of any offer to sell, issue, purchase or subscribe for, any shares in the Company or securities in any other entity nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. This announcement does not constitute a recommendation regarding any securities.

Any investment decision must be made exclusively on the basis of the final prospectus published by the Company and any supplement thereto (the "Prospectus"). Particular regard should be given to the "Risk Factors" section of the Prospectus before a decision to invest is made.

5 August 2011

Duet Real Estate Finance Limited

(the "Company")

Publication of Prospectus

Further to the announcement by the Company on 26 July 2011 that it is seeking to raise additional capital by way of a placing of ordinary shares targeting in excess of £25 million, the Company announces the publication of the Prospectus.

The Prospectus has been approved by the UK Listing Authority. To view the full document, please place the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/8504L_1-2011-8-5.pdf

Copies of the Prospectus will shortly be available for inspection at the registered office of the Company, which is situated at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey, GY1 1WW.

A copy of the prospectus has also been submitted to the National Storage Mechanism (which has replaced the UK Listing Authority's Document Viewing Facility) and will shortly be available for inspection at www.hemscott.com/nsm.do.

For further information, please contact: