NEW EUROPE PROPERTY INVESTMENTS PLC - S&PS rating services changes the outlook on NEPI to positive from stable and affirms BBB- long-term credit rating

S&P’S rating services changes the outlook on NEPI to positive from stable and affirms BBB- long-term credit rating

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)
JSE share code: NEP BVB share code: NEP
ISIN: IM00B23XCH02
(“NEPI” or the “Company”)

STANDARD & POOR’S RATING SERVICES CHANGES THE OUTLOOK ON NEPI TO POSITIVE FROM
STABLE AND AFFIRMS BBB- LONG-TERM CORPORATE CREDIT RATING

Standard & Poor’s Rating Services (“S&P”) revised the outlook on NEPI to positive from stable and affirmed its
BBB- long-term corporate credit rating.

This outlook revision is based on the S&P’s view that the rating may be raised in the next six months if NEPI and
Rockcastle Global Real Estate Company Limited complete the envisaged merger and thereby improve the portfolio in
terms of size and diversification, while NEPI’s financial policy and liquidity remain supportive of a higher rating.

The report issued by S&P is available on the Company’s website, www.nepinvest.com.

This announcement is for information purposes only.

30 December 2016

For further information please contact:

New Europe Property Investments plc
Mirela Covasa                                                   +40 21 232 1398

JSE sponsor
Java Capital                                                    +27 11 722 3050

BVB advisor
SSIF Intercapital Invest SA
Razvan Pasol                                                    +40 21 222 8731

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