Update in respect of the distribution for the six months ended 31 December 2015 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”) UPDATE IN RESPECT OF THE DISTRIBUTION FOR THE SIX MONTHS ENDED 31 DECEMBER 2015 NEPI shareholders are referred to the distribution declaration announced today, 19 February 2016, and are advised that shareholders on the South African share register will receive their cash dividend in South African Rand converted from Euro at an exchange rate of EUR1.00 : ZAR17.16510. Accordingly, the cash dividend of 17.17 Euro cents per share will be equal to 294.72477 ZAR cents per share. Dividend tax (and therefore the information provided in this paragraph) is only of direct application to shareholders on the South African share register. The gross local dividend amount is 294.72477 ZAR cents per share for shareholders exempt from paying South African dividends tax. The net local divided amount is 250.51605 ZAR cents per share for shareholders liable to pay the dividends tax rate of 15%. There is no withholding tax payable in the Isle of Man. With respect to the return of capital, shareholders are advised that the reference price will be announced on or before Friday, 26 February 2016. For further information please contact: New Europe Property Investments plc Mirela Covasa +40 21 232 1398 AIM nominated Advisor and Broker Smith & Williamson Corporate Finance Limited Azhic Basirov/Katy Birkin +44 20 7131 4000 JSE sponsor Java Capital +27 11 722 3050 BVB advisor SSIF Intercapital Invest SA Razvan Pasol +40 21 222 8731 19 February 2016 Date: 19/02/2016 12:00:00 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.