Eastern European Property Fund Limited ("the Company")

Buy-back of shares

Eastern European Property Fund Limited (EPIC: EEP.L) announces that on 13 July 2010, it completed the buy-back of 200,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 52p per share.

The Ordinary Shares purchased by the Company are to be cancelled.  Following the cancellation, the Company's capital consists of 19,800,000 Ordinary Shares of which 608,750 are held in Treasury.

Therefore the total number of voting rights in the Company is 19,191,250. The voting rights on all these shares are identical.   This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.

13 July 2010

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