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NEW EUROPE PROPERTY INVESTMENTS PLC - Results of the accelerated book build, issue of equity and total voting rights

Release Date: 01/03/2017 14:40
Code(s): NEP     PDF:  
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Results of the accelerated book build, issue of equity and total voting rights

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”)

RESULTS OF THE ACCELERATED BOOK BUILD, ISSUE OF EQUITY AND TOTAL VOTING RIGHTS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

NEPI is pleased to announce that it has closed its book build announced earlier today, 1 March 2017. In light of strong
demand, the amount of capital to be raised was increased to ZAR1 billion (approximately EUR72 million). At this
level, the book was oversubscribed. The new NEPI shares to be issued pursuant to the book build process conducted
on the JSE have been priced at ZAR146.00 per share, a 1.15% discount to the closing price on 28 February 2017.

A total of 6 849 315 new NEPI shares are expected to be issued and list on Thursday, 9 March 2017.

Java Capital acted as sole bookrunner.

The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing
issued shares.

As a result of the book build, the total issued share capital of the Company will increase to 328 335 519 ordinary
shares with voting rights. Therefore, the total number of voting rights in NEPI will be 328 335 519 with effect from
Thursday, 9 March 2017.

1 March 2017

The equity raising is not an offer to the public as contemplated under the South African Companies Act, No.71 of
2008 as amended (“Companies Act”), nor an offer of securities in any other jurisdiction. Potential investors are only
permitted to apply for shares with a minimum total acquisition cost, per single addressee acting as principal, of greater
than or equal to ZAR1 000 000, unless the potential investor is a person, acting as principal, whose ordinary business,
or part of whose ordinary business, is to deal in securities, whether as principal or agent (in reliance on Section
96(1)(a)(i) and 96(1)(b) of the Companies Act) or such applicant falls within one of the other specified categories of
persons listed in section 96(1) of the Companies Act.

This announcement is not for publication or distribution or release, directly or indirectly, in the United States of
America (including its territories and possessions, any state of the United States and the District of Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for
securities in the United States or any other jurisdiction. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered
or sold, directly or indirectly, in the United States, absent registration or an exemption from, or transaction not subject
to, the registration requirements of the Securities Act. No public offering of securities is being made in the United
States. This announcement does not and is not intended to constitute an offer to the public in South Africa in terms of
the Companies Act. Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or
indirectly in or into the United States, Canada, Australia or Japan.

This announcement is for information purposes only and in member states of the European Economic Area (other than
the United Kingdom) is directed only at persons who are qualified investors (as defined in article 2(1)(e) of EU
directive 2003/71/EC (the “Prospectus Directive”) and the relevant implementing rules and regulations adopted by
each Member State). In the United Kingdom, this announcement is directed only at the following persons: investment
professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the “Order”); and high net worth entities, and other person to whom it may lawfully be communicated, falling
within article 49(2)(a) to (d) of the Order.

This announcement has been issued by and is the sole responsibility of NEPI. No representation or warranty express
or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Java
Capital (Bookrunner and JSE Sponsor) or SSIF Intercapital Invest SA (BVB advisor) or by any of its respective
affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or
oral information made available to or publicly available to any interested party or its advisers, and any liability
therefore is expressly disclaimed.

FORWARD LOOKING INFORMATION

This announcement contains (or may contain) certain forward-looking statements with respect to certain of NEPI's
plans and its current goals and expectations relating to its future financial condition and performance and which
involve a number of risks and uncertainties. NEPI cautions readers that no forward-looking statement is a guarantee of
future performance and that actual results could differ materially from those contained in the forward-looking
statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future
events and circumstances a number of which are beyond NEPI's control. These forward-looking statements reflect
NEPI's judgement at the date of this announcement and are not intended to give any assurance as to future results.
Except as required by the JSE, the Bucharest Stock Exchange Rules or applicable law, NEPI expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained in
this announcement to reflect any changes in the Company’s expectations with regard thereto or any changes in events,
conditions or circumstances on which any such statement is based. For further information on NEPI, investors should
review the Company’s 2016 Annual Report hosted at www.nepinvest.com and subsequent announcements.

Additional contact details:

Bookrunner and JSE Sponsor
Java Capital

New Europe Property Investments plc
Mirela Covasa                                        +40 21 232 13 98

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

Date: 01/03/2017 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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