Update re: Proposed Placing

Reconstruction Capital II Ltd
14 November 2007

14 November 2007

Reconstruction Capital II Limited

Proposed Placing

On 29 October 2007, the Board of Reconstruction Capital II Limited ('the
Company') announced its intention to raise €100 million by way of a placing of
new Ordinary Shares (the 'Placing').

Following the publication of the 31 October 2007 net asset value, the Company
can announce that the placing price per new Ordinary Share will be €1.54.

For additional information, please contact:

For more information:

Reconstruction Capital II Limited
Ion Florescu
Tel: [phone]

LCF Edmond de Rothschild Securities (Broker)
Hiroshi Funaki / Claire Heathfield
Tel: [phone]

Grant Thornton Corporate Finance (Nominated Adviser)
Philip Secrett
Tel: [phone]




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