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NEP - New Europe Property Investments plc - Victoria City Centre - Update regarding project development plan 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 BVB share code: NEP JSE share code: NEP ISIN: IM00B23XCH02 ("NEPI") VICTORIA CITY CENTRE - UPDATE REGARDING PROJECT DEVELOPMENT PLAN Shareholders are referred to the announcements regarding the proposed development of the Victoria City Centre shopping centre released on 17 November 2011 and 20 December 2011. As per the announcement of 20 December 2011 the proposed development is subject to the shareholders of the development company, being NE Property Cooperatief U.A. (NEPI`s wholly-owned subsidiary), Kitma Holdings Limited and Grenoui Holdings Limited, approving a project development plan. It was intended that the project development plan would be approved at a meeting of the shareholders of the development company on 28 February 2012. However, shareholders of the development company are still finalising the project development plan and accordingly have agreed to postpone the meeting at which the project development plan will be adopted. Further announcements will be released in this regard in due course. 1 March 2012 For further information please contact: New Europe Property Investments plc +40 74 432 8882 Martin Slabbert Nominated Adviser and Broker +44 20 7131 4000 Smith & Williamson Corporate Finance Limited Azhic Basirov/Siobhan Sergeant JSE sponsor +27 11 283 0042 Java Capital Romanian advisor +40 21 222 8731 SSIF Intercapital Invest SA Razvan Pasol Date: 01/03/2012 09:00:05 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
