Appointment of alternate director - Replacement announcement 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”) Shareholders are advised that the ‘Appointment of Alternate Director’ announcement with RNS number 6968H released at 1.45pm on the Regulatory News Service of the LSE, at 2:45pm on the Stock Exchange News Services of the JSE and at 3:45pm on the Bucharest Stock Exchange on 19 August 2016 has been amended. Additional disclosures pursuant to Schedule 2 paragraph (g) of the AIM Rules in relation to Mr Andries de Lange are as follows: Past Directorships/Partnerships Fortress Income 8 Ltd Ilanga Lifestyle Centre (Pty) Ltd Resilient Africa (Pty) Ltd Sunice Investments CC The full amended text is shown below. APPOINTMENT OF ALTERNATE DIRECTOR - REPLACEMENT Mr Andries de Lange has been appointed as an alternate director to Mr Desmond de Beer, an independent non-executive director of NEPI, with effect from 9 August 2016. After qualifying as a Chartered Accountant, Mr de Lange joined the Industrial Development Corporation of South Africa Limited and then Nedbank Limited where he gained experience in debt finance, debt and equity restructurings and private equity. He joined Resilient REIT Limited, a South African based property focused company listed on the JSE, in 2004 and acts as Chief Operating Officer. Resilient REIT Limited holds 28,290,000 ordinary shares representing 8.87 per cent of the issued share capital of the Company. Mr de Lange is a Chartered Accountant in South Africa and is a Chartered Financial Analyst. Disclosures under Schedule 2 paragraph (g) of the AIM Rules for Mr de Lange are as follows: Full name and age: Mr Andries de Lange, aged 43 Current Directorships/Partnerships Past Directorships/Partnerships Arbour Town (Pty) Ltd Bands Properties (Pty) Ltd Blue Horison Investments 14 (Pty) Ltd Capital Property Fund (Pty) Ltd Cycad Sky (Pty) Ltd Capital Property Fund Nominees (Pty) Ltd Cycads Unlimited (Pty) Ltd Capital Propfund (Pty) Ltd Cycads Worldwide (Pty) Ltd Capital Propfund 1 (Pty) Ltd Cycops (Pty) Ltd Capital Propfund 2 (Pty) Ltd Danrimar (Pty) Ltd Diversified Properties 2 (Pty) Ltd Diversified Properties 2 (Pty) Ltd Diversified Property Fund Ltd Irene Mall (Pty) Ltd Fortress Asset Managers (Pty) Ltd Numigraph (Pty) Ltd Fortress Income 8 Ltd Resilient Africa Real Estate Ltd Ilanga Lifestyle Centre (Pty) Ltd Resilient Properties (Pty) Ltd Intaba Investments 6 (Pty) Ltd Resilient REIT Limited Mantraweb Investments (Pty) Ltd Southern Palace Investments 19 (Pty) Ltd Monyetla Property Fund Ltd Monyetla Property Holdings (Pty) Ltd Monyetla Realty Holdings (Pty) Ltd NEPI Investment Management Ltd Property Fund Managers Ltd Resilient Africa (Pty) Ltd Resilient Properties 2 (Pty) Ltd Resilient REIT Limited Rockcastle Global Real Estate Company Ltd Sunice Investments CC There are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules. Mr de Lange beneficially holds 1,204,931 ordinary shares representing 0.38 per cent. of the Company’s issued share capital. 31 August 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 Date: 31/08/2016 08:00:00 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.