Board Appointment

Aisi Realty Public Limited
16 October 2007


16 October 2007
                           Aisi Realty Public Limited
                           ('Aisi' or 'the Company')

                               Board Appointment

Aisi Realty Public Limited, a property investment company focusing on
development projects and related investments in Ukraine, is pleased to announce
the appointment of Dr. Franz Hoerhager to the Board as a non-executive director.

Dr. Hoerhager, aged 51, has extensive experience in Central and Eastern Europe.
He is a founding partner and executive director of Mezzanine Management GmbH,
the manager of Accession Mezzanine Capital, which is the leading fund provider
of subordinated debt to businesses in Central and Eastern Europe. Prior to this
he was a member of the managing board of Bank Austria Creditanstalt
International AG where he was responsible for all international commercial
banking activities with an emphasis on the countries of the former Soviet Union,
Slovenia, Slovakia, Croatia, and the USA. He is an Austrian citizen and has
worked in both Moscow and New York.

Commenting on the appointment, Beso Sikharulidze, Director of Aisi, said: 'We
are delighted that Franz has agreed to join the Board. We look forward to
working with him and believe that his extensive experience will help to grow the
Company.'

Dr Hoerhager is currently a director of:

Lux Med, a Polish Health Care provider, since 2005
Telelink, a Bulgarian systems integrator, since 2006
Capital Bank, an Austrian financial institution, since 2005

There are no further details specified by paragraph (g) of Schedule Two to the
AIM Rules for Companies to be disclosed in respect of Dr Hoerhager.

Enquiries

Aisi Realty:
Beso Sikharulidze                               0038 044 459 3000

Corfin Communications:
Neil Thapar, William Cullum                     020 7977 0020

Libertas Capital:
Andrew Hardy, Aamir Quraishi                    020 7569 9650






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