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Fabian Capital Employees Buy Shares In Fund
Hamilton, Bermuda, December 15, 2006 - The Fabian Romanian Property Fund announces today the following transactions in the Fund's shares completed by two employees of Fabian Capital Limited, the Fund's investment manager.
Graham Atkinson purchased 27,407 of the Fund's ordinary shares and Mark Owen purchased 1,096 of the Fund's ordinary shares at the opening of trading on 15 December 2006 at the placing price of E1.35 a share. After these transactions, Graham Atkinson holds 27,407 of the Fund's ordinary shares, representing approximately 0.054 per cent. of the issued ordinary shares of the Fund and Mark Owen holds 1,096 ordinary shares, representing approximately 0.002 per cent. of the issued ordinary shares of the Fund.
In addition, Laura Murphy, assistant at Fabian Capital, acquired 5,472 ordinary shares in the placing.
Mark Holdsworth, Director of the Fund commented:
€˜I am delighted that the employees of Fabian Capital have decided to acquire shares in the Fund on the first day of trading. This is a vote of confidence in the prospects of the Fund'