NEPI / Rockcastle - Cautionary announcement NEW EUROPE PROPERTY INVESTMENTS PLC ROCKCASTLE GLOBAL REAL ESTATE Incorporated and registered in the Isle of Man with COMPANY LIMITED registered number 001211V Incorporated in the Republic of Mauritius Registered as an external company with limited liability Registration number: 108869 C1/GBL under the laws of South Africa, registration number JSE share code: ROC 2009/000025/10 SEM share code: ROCK.N0000 JSE share code: NEP BVB share code: NEP ISIN: MU0364N00003 ISIN: IM00B23XCH02 (“Rockcastle”) (“NEPI”) CAUTIONARY ANNOUNCEMENT Shareholders are advised that NEPI and Rockcastle have entered into negotiations to explore a potential transaction between them. Pending further announcements, NEPI and Rockcastle shareholders are advised to exercise caution when dealing in their shares. NEPI has its primary listings on the JSE and the Bucharest Stock Exchange. Rockcastle has its primary listings on the JSE and the Stock Exchange of Mauritius Ltd. If you are a NEPI shareholder, for further information please contact: Corporate advisor and JSE sponsor Java Capital Andrew Brooking +27 11 722 3052 Romanian advisor SSIF Intercapital Invest SA Razvan Pasol +40 21 222 8731 If you are a Rockcastle shareholder, for further information please contact: Corporate advisor and JSE sponsor Java Capital Andrew Brooking +27 11 722 3052 SEM authorised representative and sponsor Perigeum Capital Ltd +230 402 0890 20 October 2016 This notice is issued pursuant to the JSE Listings Requirements, the SEM Listing Rule 11.3, the Mauritian Securities Act 2005 and the Listing Rules of the Bucharest Stock Exchange. The boards of directors of Rockcastle Global Real Estate Company Limited and New Europe Property Investments PLC accept full responsibility for the accuracy of the information contained in this announcement. Date: 20/10/2016 02:00:00 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.