Re Agreement

Equest Investments Balkans Ltd
19 July 2007



                       Equest Investments Balkans Limited


      Agreement to acquire stake in electronics retail business in Romania


Equest Investments Balkans Ltd ('EIB' or the 'Company'), today announces the
signing of an agreement by its 75% owned subsidiary, Lynx Property B.V.
('Lynx'), for the acquisition by Lynx of a 75% shareholding in Domo Retail S.A.
('Domo').  Domo is a consumer electronics and household appliances retailer in
Romania.  Domo's founding shareholders will retain the remaining 25%
shareholding in Domo.  The transaction is subject to customary completion
conditions.  EIB expects Lynx to fund the purchase consideration through a
combination of debt and equity financing, including from EIB.

Lynx will enter into a shareholders agreement with Domo's founding shareholders,
which will include, inter alia, rights and obligations in certain circumstances
to acquire the remaining 25% from Domo's founding shareholders, with
consideration to be based on Domo's financial performance in 2007 and 2008.

Domo currently operates 113 retail shops located in major cities throughout
Romania, with an average size of over 420 sq m.  In the year ended 31 December
2006, Domo had sales of €121 million, up from €116 million in the year ended 31
December 2005.  Domo's pre tax profit for the year ended 31 December 2006 was
€11.3 million, up 390% from €2.3 million in the year ended 31 December 2005.
Domo's consolidated gross assets as at 31 December 2006 were €56.7 million.

Domo's founding shareholders, who will retain a 25% stake in Domo following
completion, include Mr. Lorand Szarvadi-Teglas (Domo's Chief Executive Officer),
Mrs. Zsuzsanna Szarvadi-Teglas (Chief Development Officer), Ferenc Hegedus and
Alexandru Mnohoghitnei (CFO).

Commenting on this acquisition, Petri Karjalainen, Managing Partner of Equest
Partners Limited, EIB's Investment Adviser, said today:

'Following our recent investments in Technomarket and Technomobile, completion
of the Domo acquisition will further strengthen EIB's position in the
fast-growing electronics retail sector in the Balkan region.

Domo is a company we have admired for some time and we very much look forward to
working with the management team, whose efforts have been instrumental in Domo's
success to date.'

                                     --oo--


For further information please contact:

Equest Partners Limited                                + 44 20 7240 7600
Petri Karjalainen
Naomi Kora

Collins Stewart Europe Limited                         [phone]
Hugh Field

Financial Dynamics                                     + 44 20 7831 3113
Ed Gascoigne-Pees
Nick Henderson


Notes to Editors:

Equest Investments Balkans Ltd is traded on AIM, a market operated by the London
Stock Exchange, and the Irish Stock Exchange. The Company is one of the leading
international investment companies for the South East European region focusing
on sectors that are set to benefit from the growth in consumer spending and
disposable income in the region. The principal investment sectors of EIB include
retail, financial services, land and property development and infrastructure
opportunities. The Company has holdings in 12 companies in the region. As at 31
March 2007 the Company had Net Assets of €310.3m.

Equest Partners Limited, EIB's Investment Adviser, is an independent investment
management and advisory firm regulated by the FSA. Headquartered in London and
with offices in Sofia, Bucharest and Belgrade, Equest Partners comprises more
than 40 professionals with experience of investing in emerging markets,
particularly Central and Eastern Europe. Equest Partners is currently one of the
largest dedicated investment and advisory companies for the Balkan region.


                      This information is provided by RNS
            The company news service from the London Stock Exchange