Refinancing of Bank loans in Russia - extension

11 August 2017

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Extension of completion date for the refinancing of bank loans in Russia

Further to the announcement on 21 December 2016, the Company hereby announces that the date for the completion of the conditions precedent with respect to the refinancing of the existing bank loan facilities entered into by subsidiaries or associates of BCRE Russia in December 2016 has been extended until 1 December 2017. The Company shall make further announcements of the final key amendments when the refinancing will be completed.

ENQUIRIES:

BCRE-Brack Capital Real Estate Investment N.V.

Ariel Podrojski, Chief Executive Officer

Nansia Koutsou, Chief Financial Officer / Chief Operating Officer +31 20 514 1004

Novella Communications

Tim Robertson

Toby Andrews +44 203 151 7008

About BCRE

BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets in the markets it operates.

The Company has established local management team platforms with significant local market expertise. At present, the Company has offices and teams in New York, London, Moscow, Kazan, New Delhi, Amsterdam and Limassol.