Subsidiary Accounts Filed and Published

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Subsidiary Accounts Filed and Published on the Tel Aviv Stock Exchange (the "TASE")

The Company (LSE: BCRE) announces that Brack Capital Properties N.V. ("BCP"), a subsidiary of the Company, whose shares are traded at the TASE, has published today its interim financial reports for the second quarter of 2014 (a period ending 30.06.2014).

The interim financial reports for the second quarter published by BCP includes:

1. Board of Directors' Report for the second quarter of 2014.

2. Interim consolidated financial statement as of 30.06.2014 (unaudited).

3. Presentation of financial data from interim consolidated financial statements attributed to BCP itself as of 30.06.2014 (unaudited).

For ease of reference, we have provided an uncertificated English translation of the above documents along with the Hebrew certified version on the Company website www.brack-capital.com.

Key highlights relating to the principal results of the second quarter of 2014:

1. Profitability - during the second quarter of 2014 net income relating to the BCP's shareholders reached EUR 11.4 million compared to income of EUR 11.6 million in the equivalent quarter in the previous year. The following is the contribution of income generating real estate and the activities of the residential flats venture to the BCP's results:

- Income generating real estate: the FFO total EUR 4.8 million in the reported quarter compared to EUR 4.4 in the previous quarter.

- Entrepreneur activities for residential purposes: BCP recognized a consolidated net income of EUR 5.1 million of which EUR 4.3 million is the BCP's share as a result of delivering 68 flats at the A phase (202 residential units) of the Grafental project.

2. NAV - shareholders' equity relating to the BCP's shareholders totaled EUR 252.9 million increase of 15% compared to quarter end previous year. The adjusted EPRA NAV totaled EUR 310 million.

3. High level of financial stability - the net debt ratio to the total of the statement of financial position is approximately 55% and the debt ratio to net CAP is 64% as of the reporting date.

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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, predominantly located in the USA, Germany, Russia, India and the UK.

The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.