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NEW EUROPE PROPERTY INVESTMENTS PLC - Update on Investments

Release Date: 02/08/2013 08:00
Code(s): NEP     PDF:  
Wrap Text
Update on Investments

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”)

UPDATE ON INVESTMENTS

Acquisition of an interest in the Mega Mall development in Bucharest
Shareholders are advised that NEPI has concluded, via its subsidiaries NE Property Cooperatief U.A. and NEPIOM
Limited, a framework agreement with Real Holding Lithium Kft., a Hungarian company, and Real4You Holding
GmbH, its Austrian holding company (“Real4You”). In terms of the framework agreement, the parties are obliged to
perform various actions and conclude various separate agreements to implement the acquisition by the NEPI group of
a 70% interest in ELJ VATRA SRL, a limited liability company duly incorporated and organised under the laws of
Romania (“ELJ”). The framework agreement is subject to various conditions precedent to be fulfilled or waived by
the end of August 2013 and includes the right for NEPI to perform its payment obligations fully or partially by means
of a vendor consideration placement.

Real4You is an Austrian property developer and investor with property interest in various central European countries.
ELJ is the owner of a permitted development site called Mega Mall, in Bucharest, Romania. The site, which is the
location of the former ElectroAparataj factory consists of 5.1 hectares, has good visibility and access to public
transport and is located in a very densely populated part of Eastern Bucharest in close proximity to the Romanian
national football stadium. The building permit allows for the development of a shopping centre of up to 70 000 square
metres of GLA and it is the intention of the parties to the framework agreement to develop a dominant shopping centre
on this site and open it by mid 2015. Tenant commitments of approximately 30% of the planned GLA have already
been received.

Other highlights

NEPI has also concluded and/or committed to a number of other acquisitions in the past few days, following the
successful closure of the recent approximately EUR100 million rights issue in July 2013.

None of the transactions mentioned within this announcement are individually categorisable in terms of the Listings
Requirements of the JSE Limited. However, NEPI intends to present further details of these acquisitions, including the
pro forma financial effects thereof, shortly after the issue of its 30 June 2013 interim results, scheduled for release on
6 August 2013.

2 August 2013

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

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