Voluntary Announcement: Update on Developments NEW EUROPE PROPERTY INVESTMENTS PLC Incorporated and registered in the Isle of Man: registration 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” or “the Group”) UPDATE ON DEVELOPMENTS Opening of Shopping City Galati NEPI has completed Shopping City Galati and it opened on 21 November 2013. The development, which has 27,000 m2 of Gross Leasable Area (GLA), is fully let and houses various international brands, including Carrefour, CCC, C&A, Deichmann, DM, H&M, Intersport, KFC and New Yorker. It was completed within six months of the issue of the building permit. Commencement of works regarding Mega Mall development in Bucharest As announced on 2 August 2013, the Group has acquired a 70% interest in a permitted development known as Mega Mall, which will include over 75,000 m2 of GLA. NEPI and its development partner have agreed improvements in the design of Mega Mall. Construction commenced in October and leasing is progressing well due to strong tenant demand. Buy out of partner at Vulcan Value Centre development in Bucharest NEPI has acquired the interests of its former partner in the Vulcan Value Centre on favourable terms. More than 70% of the development has been let, and the Group, subject to the receipt of the necessary permits, intends to commence construction in January 2014. NEPI’s acquisition of the partner’s interests is not categorisable in terms of the Listings Requirements of the JSE Limited. Opening of four Kaufland Value Extensions Further to the opening of the Kaufland strip mall extension in Alexandria, mentioned in NEPI’s Unaudited Condensed Consolidated Financial Results for the six months ended 30 June 2013, released on 6 August 2013, another three Kaufland extensions were completed and opened in Petrosani, Sfantu Gheorghe and Sighisoara during October and November 2013. Commencement of development of Targu Jiu Shopping City NEPI has obtained a building permit for the development of a 27,000 m2 shopping centre in Targu Jiu. The Group intends to commence construction before the end of the year. This announcement is for information purposes only. To the extent required, announcements in compliance with the Listings Requirements of the JSE Limited, the AIM Rules for Companies and the rules of the BVB will be made in due course. 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 Adviser SSIF Intercapital Invest SA Razvan Pasol +40 21 222 8731 22 November 2013 Date: 22/11/2013 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.