NEP - New Europe Property Investments plc - Update regarding NEPI`S prospective

NEP - New Europe Property Investments plc - Update regarding NEPI`S prospective 
listing on the Bucharest Stock Exchange                                         
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:   IM00B23XCH02                                                            
("NEPI")                                                                        
UPDATE REGARDING NEPI`S PROSPECTIVE LISTING ON THE BUCHAREST STOCK EXCHANGE     
As stated in the 2010 Annual Report, NEPI, a company which is currently listed  
on the AIM market of the London Stock Exchange and the main market of the JSE   
Limited, initiated procedures for admission to trading of its shares on the     
regulated market of the Bucharest Stock Exchange ("BVB").                       
A prospectus for admission to trading of NEPI`s shares on BVB was prepared by   
managers Banca Comerciala Romana SA and SSIF Intercapital Invest SA. The        
prospectus was approved by the National Securities Commission ("CNVM"), the     
regulating authority of the capital markets in Romania, through decision no. 469
of 18 May 2011 and was consequently published on NEPI`s website                 
(www.nepi.uk.com).                                                              
Following this decision by the CNVM, NEPI will continue to pursue formalities   
required by the BVB for admission to trading on the BVB. A further announcement 
regarding the date of commencement of trading of its shares on the BVB will be  
published in due course.                                                        
                                                                                
Nominated Adviser and Broker:                                                   
Smith & Williamson Corporate Finance Limited                                    
Azhic Basirov/Siobhan Sergeant                                                  
                                                +44 20 7131 4000                
South African Sponsor:                                                          
Java Capital                                     +27 11 283 0042                
                                                                                
19 May 2011                                                                     
Date: 19/05/2011 11:35:01 Supplied by www.sharenet.co.za                     
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