NEP - New Europe Property Investments plc - Notification of acquisition of

NEP - New Europe Property Investments plc - Notification of acquisition of      
beneficial interest in shares - holding over 10%                                
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" or the "Company")                                                       
NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SHARES - HOLDING OVER 10% 
For purposes of compliance with the rules of the Bucharest Stock Exchange and   
the AIM Market, shareholders are advised that the Company has received          
notification from Capital Property Fund of the acquisition of ordinary NEPI     
shares such that Capital Property Fund`s total beneficial interest in the       
Company is now 10.87% of NEPI`s issued ordinary share capital.                  
                                                                                
Securities holder                                                               
identification:                                                                 
- Natural person                 N/A                                            
- Legal person                   Capital Property Fund (A portfolio in          
                                Capital Property Trust Scheme, a                
Collective Investment Scheme in Property        

                                established in terms of the Collective          
                                Investment Schemes Control Act, No 45 of        
                                2002)                                           
Managed by Property Fund Managers Limited       

                                (Registration No. 1980/009531/06)               
                                4th Floor, Rivonia Village                      
                                Rivonia Boulevard, Rivonia                      
Republic of South Africa                        

                                +27 11 612 6870                                 
                                                                                
- Major units holders of the     Capital Property Fund is a property unit       
holder of securities:            trust listed on the Johannesburg Stock         
                                Exchange.                                       
                                                                                
                                                                                
Number of shares previously      6 713 692 (as at 21 May 2012)                  
held:                                                                           
                                                                                
The way in which they have been                                                 
acquired /alienated:                                                            
- on the company`s set up                                                       
- trading on the secondary                                                      
market                                                                          
- public sale offer                                                             
- public purchase / takeover                                                    
bid                                                                             
- Authority for the                                                             
Privatisation and Management of                                                 
State Ownership (A.P.A.P.S)                                                     
contract                                                                        
- other ways                     Private placing                                


Number of shares held after the  13 413 692 (as at 22 May 2012)                 
transaction                                                                     
                                                                                
Percentage of share capital      10.87%                                         
which accounts for the shares                                                   
held after the transaction and                                                  
the number of votes the issuer                                                  
holds within the Extraordinary                                                  
General Shareholders Meeting:                                                   
                                                                                
Date of transaction:             22 May 2012                                    
Date on which issuer was         22 May 2012                                    
notified:                                                                       
Threshold(s) crossed or          10%                                            
reached:                                                                        


23 May 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                 
Intercapital Invest SA                                                          
Razvan Pasol                                                                    
Date: 23/05/2012 17:31:00 Supplied by www.sharenet.co.za                     
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