Notification of major interest in shares 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 “issuer”) NOTIFICATION OF MAJOR INTEREST IN SHARES For purposes of compliance with the rules of Romanian Financial Supervisory Authority, the Listings Requirements of the JSE and the AIM Market, NEPI has been advised of the following information relating to dealings in its securities. TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer New Europe Property Investments Plc of existing shares to which voting rights are ISIN: IM00B23XCH02 attached: 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the Investec Asset Management Pty Ltd notification obligation: 4. Full name of shareholder(s) N/A (if different from 3.): 5. Date of the transaction and date on which the threshold is crossed or 30 November 2015 reached: 6. Date on which issuer notified: 2 December 2015 7. Threshold(s) that is/are crossed or 5% reached: 8. Notified details: A: Voting rights attached to shares Class/type of Situation previous Resulting situation after the triggering transaction shares to the triggering transaction if possible using Number Number Number Number of voting % of voting rights the ISIN CODE of of of shares rights Shares Voting Direct Direct Indirect Direct Indirect Rights NEP Ordinary EUR0.01 15,377,141 15,377,141 - - 14,025,721 - 4.70% IM00B23XCH02 B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion Period rights that may be rights acquired if the instrument is exercised/ converted. NONE N/A N/A N/A N/A C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting rights instrument price date Conversion instrument refers to period Nominal Delta NONE N/A N/A N/A N/A - - Total (A+B+C) Number of voting rights Percentage of voting rights 14,025,721 4.70% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: N/A Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease N/A to hold: 12. Date on which proxy holder will cease to hold N/A voting rights: 13. Additional information: N/A 14. Contact name: Ian Gartshore 15. Contact telephone number: 020 7597 1825 4 December 2015 For further information please contact: New Europe Property Investments plc Mirela Covasa +4 021 232 1398 Nominated Adviser and Broker Smith & Williamson Corporate Finance Limited Azhic Basirov/Katy Birkin +44 20 7131 4000 JSE sponsor Java Capital +27 11 722 3050 Romanian advisor SSIF Intercapital Invest SA Razvan Pasol +40 21 222 8731 Date: 04/12/2015 09:01:00 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.