Refinancing of Subsidiaries

    RNS Number : 8574F
  Prospect Epicure J-REIT Val Fd PLC
  14 October 2008
   
    14 October 2008

    Prospect Epicure J-REIT Value Fund PLC

    The Board of Prospect Epicure J-REIT Value Fund PLC is pleased to announce that it has proposed to its various wholly-owned subsidiary
companies that it will acquire from them a portfolio of holdings in listed Japanese REIT's held by them at prevailing market prices for a
total gross consideration of approximately �5m.  The cash realised by the various subsidiaries will be used by them to reduce their net
indebtedness under their prime brokerage agreements.

    Citigroup Global Markets Limited, prime broker, welcomes and is supportive of the action taken.

    Contact: 

 Leonard O'Brien, Director
 Prospect Epicure J-REIT Value Fund PLC     +41 (22) 908 1190

 Curtis Freeze
 Prospect Asset Management, Inc              +1 808 396 7077 

 Ian Dungate / Suzanne Jones
 Galileo Fund Services Limited           +44 (0) 1624 692 600

 Richard Gray / Andrew Potts
 Panmure Gordon (UK) Limited             +44 (0) 20 7459 3600

 Tim Draper Marylene Guernier
 M:Communications                        +44 (0) 20 7153 1269



                     


                         

                 

                

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