NEP - New Europe Property Investments plc - Issue of equity and total voting

NEP - New Europe Property Investments plc - Issue of equity and total voting    
rights                                                                          
New Europe Property Investments plc                                             
(Incorporated and registered in the Isle of Man with registered number          
001211V)                                                                        
(Registered as an external company with limited liability under the laws of     
South Africa, registration number 2009/000025/10)                               
AIM share code: NEPI                                                            
JSE share code: NEP                                                             
ISIN Code:   IM00B23XCH02                                                       
("NEPI" or "the Company")                                                       
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS                                         
The Company advises that it has issued a total of 2,000,000 new ordinary        
shares of EUR0.01 each ("Scheme Shares") at EUR2.99 per share, pursuant to      
the The NEPI Share Purchase Scheme.                                             
Application has been made for the Scheme Shares to be admitted to trading on    
AIM and the JSE Limited and the Scheme Shares are expected to be admitted to    
trading on 16 May 2011.                                                         
Following the admission to trading of the Scheme Shares, NEPI`s share capital   
will consist of 78,933,734 ordinary shares of EUR 0.01 each ("Ordinary          
Shares") with voting rights.  Therefore, the total number of voting rights in   
NEPI as at 16 May 2011 is 78,933,734.                                           
The above figure of 78,933,734 Ordinary Shares 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, NEPI    
under the FSA`s Disclosure and Transparency Rules with effect from 16 May       
2011.                                                                           
10 May 2011                                                                     
For further information please contact:                                         
New Europe Property Investments plc           +40 74 432 8882                   
Martin Slabbert                                                                 
Smith & Williamson Corporate Finance Limited  +44 20 7131 4000                  
Azhic Basirov / David Jones                                                     
                                                                                
South African sponsor                         +27 11 283 0042                   
Java Capital (Proprietary) Limited                                              
Date: 10/05/2011 15:00:02 Supplied by www.sharenet.co.za                     
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