Rights Offer Circular 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 BVB share code: NEP ISIN: IM00B23XCH02 (“NEPI” or “the company”) RIGHTS OFFER CIRCULAR Shareholders are referred to the announcements released on the Stock Exchange News Service of the JSE, the Regulatory News Service of the London Stock Exchange and the Bucharest Stock Exchange (the “BVB”) on 5 October 2012 and 12 October 2012 in relation to the rights offer by NEPI under the terms of which NEPI shareholders will be offered a total of 12 345 680 new NEPI shares (“the rights offer”) and are advised that the circular to NEPI shareholders in respect of the rights offer will today, 29 October 2012 be posted to NEPI shareholders on the SA share register and the UK share register and will furthermore be made available on the company’s website www.nepinvest.com and on the BVB website www.bvb.ro. 29 October 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 Corporate advisor, legal advisor as to South African law and JSE sponsor +27 11 283 0042 Java Capital Romanian advisor +40 21 222 8731 SSIF Intercapital Invest SA Razvan Pasol Date: 29/10/2012 09:00:00 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.