Terminal Brovary Update

Aisi Realty Public Limited
01 November 2007


1 November 2007

                           Aisi Realty Public Limited

                            Terminal Brovary Update

Aisi Realty Public Limited ('Aisi' or 'the Company'), a property investment
company focusing on development projects and related investments in Ukraine,
announces that it has received building approval from Brovary City Council of
Kiev Region for its Terminal Brovary logistics complex. Following the receipt of
the building permit all necessary permissions and approvals have now been
received to allow the commencement of construction. Furthermore, the general
contractor has been selected for construction of the building, following
completion of ground works. It is expected that building construction work will
begin immediately. Completion of the project is expected in mid-2008.

Terminal Brovary is some 27 kilometres from Kiev and will be one of Ukraine's
first Class A logistics warehouses. Over 42,800 square metres of warehouse space
will be built together with office units. Terminal Brovary is located
approximately 17 kilometres from Kiev-Borispil airport and is strategically
positioned to serve key markets in Europe and Russia being situated on the
intersection of two major highways leading north-east to Moscow and south to
Kiev-Borispil airport.

In addition, it has been decided to increase the Company's interest in Terminal
Brovary to 90% through the acquisition of a further 30% stake from the original
vendors for US$1.25 million, in accordance with the sales and purchase agreement
entered into in September 2006. The remaining 10% held by the original vendors
will be acquired following the signing of a lease agreement for the logistics
centre.

Commenting on the project, Director of Aisi, Beso Sikharulidze said: 'We are
very pleased to start work at the Brovary Warehouse and we have had good early
indications of interest from international and local logistics companies. This
is our first green-field venture and a flagship project in the local region.'

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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