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NEW EUROPE PROPERTY INVESTMENTS PLC - Acquisition of land and proposed development

Release Date: 23/11/2012 11:45
Code(s): NEP     PDF:  
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Acquisition of land and proposed development

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”)


ACQUISITION OF LAND AND PROPOSED DEVELOPMENT

The Company is pleased to announce that its wholly-owned subsidiary, NEPI Nine Investment Development SRL
(“NEPI Nine”), has concluded an agreement for the purpose of acquiring a plot of land of approximately
12.7 hectares in Galati, Romania from a local Romanian company (“the Galati transaction”).

Galati is the seventh largest Romanian city and the largest Romanian port town on the Danube River. It is some
25 kilometres from Promenada Mall Braila, NEPI’s regional shopping centre in Braila. There are no major retail
centres in Galati.

NEPI Nine has entered into the Galati transaction with the intention of developing a retail centre anchored by a
hypermarket and several international value brands (“the proposed Galati development”). The site for the proposed
Galati development is located on one of the main boulevards of Galati, which has good vehicular access.
The Galati transaction is subject to the fulfilment of a number of conditions.

The Galati transaction is not categorisable in terms of the Listings Requirements of the JSE Limited. Further
announcements in relation to the proposed Galati development will be made as and when appropriate.


For further information please contact:

New Europe Property Investments plc
Martin Slabbert                                                              +40 74 432 8882

Nominated Adviser and Broker
Smith & Williamson Corporate Finance Limited
Azhic Basirov/Siobhan Sergeant                                               +44 20 7131 4000

JSE sponsor:
Java Capital                                                                 +27 11 283 0042

Romanian advisor
SSIF Intercapital Invest SA
Razvan Pasol                                                                 +40 21 222 8731

23 November 2012

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