NEW EUROPE PROPERTY INVESTMENTS PLC - Results of distribution election, issue of new shares and total voting rights

Results of distribution election, issue of new shares and total voting rights

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”)


RESULTS OF DISTRIBUTION ELECTION, ISSUE OF NEW SHARES AND TOTAL VOTING RIGHTS


Shareholders are referred to the previous announcements in respect the election by shareholders to receive a return of
capital by way of an issue of 2.05 new NEPI shares (“new NEPI shares”) for every 100 NEPI shares held on the
relevant record date, being Friday, 20 March 2015 (“return of capital”) or a cash distribution of 17.35 Euro cents per
share (225.64716 ZAR cents per share for shareholders on the SA share register) (“cash distribution”) in respect of
the six months ended 31 December 2014.

Following completion of the election, the company hereby announces that in respect of the return of capital, a total of
4 285 745 new NEPI shares will be issued on market as listed shares on Monday, 30 March 2015 on the JSE, the AIM
Market of the London Stock Exchange and the Bucharest Stock Exchange. The new NEPI shares will rank pari passu
in every respect with existing listed shares of the company and are fully fungible with effect from the date of listing.

Following the issue of the new NEPI shares in the company, the total issued share capital of the company will increase
to 282 423 985 ordinary shares with a par value of €0.01 per share. Therefore, the total number of voting rights in
NEPI will be 282 423 985 with effect from 30 March 2015, which may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to notify their interest in, or a change to their
interest in, NEPI under the UK Financial Conduct Authority's Disclosure and Transparency Rules.

Certificated shareholders who elected to receive the new NEPI shares should note that share certificates will be posted
to shareholders on Monday, 30 March 2015. The cash distribution will be distributed by bank transfer, therefore
shareholders on the UK share register who have not yet provided bank details to the company, are asked to contact the
company at its registered office which is Lord Street, Douglas, Isle of Man, IM1 4LN, 2nd Floor, Anglo International
House, Phone +44 (0) 2031 801 547, to make the necessary arrangements.

Dematerialised shareholders should note that the CREST, CSDP, broker and the (Romanian) Central Depository
accounts holding dematerialised shares are in the process of being credited with either a cash distribution or new NEPI
shares, according to the elections made.

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
JSE sponsor                                               +27 11 283 0042
Java Capital
Romanian advisor                                          +40 21 222 8731
SSIF Intercapital Invest SA
Razvan Pasol

27 March 2015

Date: 27/03/2015 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.