DORIC NIMROD AIR ONE LIMITED

REPLACEMENT - DIVIDEND DECLARATION

The Dividend Declaration released at 5.30 p.m. on 28 December 2011 under RNS number 6987U contained an incorrect web address for the quarterly fact sheet posted on the Company's website.  The below announcement contains corrected web address and replaces the previous announcement in its entirety.

Overview
Doric Nimrod Air One Limited (LSE:DNA) (the "Company") is a Guernsey domiciled company which is listed on the Specialist Fund Market of the London Stock Exchange and on the Channel Islands Stock Exchange.

Declaration of Dividend
In line with the Distribution policy the directors of the Company have declared a fourth interim dividend of 2.25 pence per Ordinary Preference Share for the financial period ending 31 March 2012.

This dividend will be payable on or around 20 January 2012 to holders on record 6 January 2012.  The corresponding ex-dividend date will be 4 January 2012.

Future dividend payments are anticipated to be declared and paid on a quarterly cycle and as per the Prospectus are targeted at 2.25 pence per Ordinary Preference Share per quarter subject to compliance with applicable laws and regulations.

A quarterly fact sheet is posted on the Company's website http://www.dnairone.com/investors/quarterly-factsheet.html

Investment Objectives and Policy
The Company's investment objective is to obtain income returns and a capital return for its Shareholders by acquiring, leasing and then selling a single aircraft.
The Company has purchased one Airbus A380-861 aircraft, manufacturer's serial number 016 which it has leased to Emirates Airlines ("Emirates"), the national carrier owned by the Investment Corporation of Dubai based in Dubai, United Arab Emirates.

For further information please contact: Marc Gordon or Richard Bolchover