Statement re ABLON GROUP ISSUES NEW SHARES FOR SENIOR MANAGEMENT AS PART OF ITS LONG TERM INC

Ablon Group

  ABLON GROUP ISSUES NEW SHARES FOR SENIOR MANAGEMENT AS PART OF ITS LONG TERM
                                 INCENTIVE PLAN

Ablon Group Limited ("Ablon" or "the Company"), a leading real estate owner and
developer in Central and Eastern Europe, today announces that the Board has
approved the issuing of 744,820 new shares as part of the senior management
team's long term incentive plan, approved during the Company's IPO in February
2007.

The Board approved the awarding of these incentives as the Company successfully
reached Net Asset Value (NAV) growth criteria for 2007. Of the 744,820 shares
that will be rewarded, 481,338 will be granted to two board members, Mr. Uri
Heller, CEO of Ablon Group, and Mr. Daniel Avidan, CFO. The shares will be kept
in a trust account for a period of 12 months before being awarded to the
respective members of the management team. A similar set of NAV growth targets
will also determine incentives awarded to senior management for 2008.

                           ___________________________

For further information, please contact:

Ablon Group Limited                             Shared Value Limited
Daniel Avidan, CFO                              Nicolas Duperrier
Tel. +36 1 225 6600                             Tel. +44 (0)20 7321 5010
                                                ablon@sharedvalue.net

Credit Suisse Securities (Europe) Limited       ING
Chris Byrne / Richard Probert                   Aurélie Barry
Tel. +44 (0)20 7888 8888                        Tel. +44 (0)20 7767 6572

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ABOUT ABLON GROUP

Founded in 1993 in Budapest (Hungary), Ablon Group has properties at 28
different locations split into 54 different projects or phases, of which there
are 13 completed projects and 16 development projects in Budapest, Prague,
Bucharest, Warsaw and Gdansk. Its portfolio comprises a diversified mix of
office, residential, retail, logistics and hotel developments valued at EUR
617.4 million by King Sturge, an independent valuation firm, as at 31 December
2007. Ablon has to date approximately 139,700 square metres of existing and
income generating office and retail assets (at 12 locations) in Budapest and
Prague, with a significant development land bank comprising a further 1,040,600
square metres in the next five years (at 23 locations) in Budapest, Prague,
Bucharest, Warsaw and Gdansk. Ablon's shares are traded on the AIM market of the
London Stock Exchange under the ticker 'ABL'.