Acquisition of land 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 Shareholders are referred to the Investors' Update presentation dated 18 November 2014 that has been posted to the Company's website (www.nepinvest.com) and the announcement released on 31 October 2014 relating to the acquisition of the Promenada Mall situated in Bucharest and are advised that NEPI has completed the acquisition of approximately 1.2 hectares of land adjacent to the Promenada Mall. This land, with an existing office structure that is undergoing demolition, is zoned for the development of approximately 50,000 square metres of new above ground offices. NEPI intends applying for re-zoning of the land so that it can pursue a mixed use expansion of the Promenada Mall integrated with a new A-grade office development on the land plot. The acquisition of the land is not categorisable under the JSE Listings Requirements. This announcement is for information purposes only 24 November 2014 Contact details: New Europe Property Investments plc Victor Semionov +40 744 388 023 JSE Sponsor Java Capital +27 11 283 0042 Nominated Adviser and Broker Smith & Williamson Corporate Finance Limited Azhic Basirov +44 20 7131 4000 Romanian advisor SSIF Intercapital Invest SA Razvan Pasol +40 21 222 8731 Date: 24/11/2014 08:30:00 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.