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

NEP - New Europe Property Investments plc - Update regarding NEPI`S 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" or "the company")                                                       
UPDATE REGARDING NEPI`S LISTING ON THE BUCHAREST STOCK EXCHANGE                 
Shareholders are referred to the previous announcement, released on SENS and    
RNS on 19 May 2011 in respect NEPI`s proposed listing on the regulated market   
of the Bucharest Stock Exchange ("BVB").                                        
The company which is currently listed on the AIM market of the London Stock     
Exchange and the main market of the JSE Limited advises that it has secured     
formal approval from National Securities Commission ("CNVM"), the regulating    
authority of the capital markets in Romania, and from the Bucharest Stock       
Exchange for the company`s shares to be admitted to trading on the BVB with     
effect from Monday, 20 June 2011.                                               
For further information please contact:                                         
                                                                                
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   
                                                                                
Romanian Advisor                                                                
Intercapital Invest SA                                                          
Razvan Pasol                                                  +40 21 222 8731   
17 June 2011                                                                    
Date: 17/06/2011 14:30:00 Supplied by www.sharenet.co.za                     
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