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NEW EUROPE PROPERTY INVESTMENTS PLC - Aupark Zilina Acquisition

Release Date: 06/08/2013 17:31
Code(s): NEP     PDF:  
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Aupark Zilina Acquisition

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”)


AUPARK ZILINA ACQUISITION


In addition to a number of other acquisitions disclosed in the Company’s half-yearly report for the six months ended
30 June 2013 and further to the announcement made on 25 April 2013, the Company announces that the Group
completed the acquisition of HB Reavis’ 100% interest in the Aupark Shopping Centre in Zilina (“Aupark Zilina”)
through the acquisition of the entire issued share capital of AUPARK Žilina SC a.s. and AUPARK Žilina, spol. s r.o.
(together the “SPVs”) with effect from 31 July 2013 (the “Acquisition”). The consideration for the Acquisition
consisted of €32.4 million payable in cash for the entire issued share capital of the SPVs together with the assumption
of €55.1 million of existing bank debt and deferred tax. The SPVs generated distributable earnings of approximately
€2.8 million in the six months ending 30 June 2013

Aupark Zilina is a regional mall of approximately 22,000 square metres of retail GLA, situated in the city centre of
Zilina in Slovakia. Major tenants in the mall include international brands such as Billa, C&A, Deichmann, H&M and
New Yorker. Slovakia, a European Union ("EU") member, has a population of approximately 5.4 million residents
with the second highest purchasing power per capita in the CEE region. Aupark is located in the historic centre of
Zilina, the third largest city in the country, with a population of approximately 85,000 residents. Zilina is an important
industrial centre and the seat of the region with a population of approximately 700,000 residents. The city is located
around 200 kilometres from the capital Bratislava, close to the Czech and Polish borders.

The information set out in this announcement is provided in terms of the rules of AIM. The Acquisition is not
categorisable in terms of the Listings Requirements of the JSE Limited and thus the information presented in this
announcement is for information purposes.

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

6 August 2013

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