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Fri 11 Nov 2011, 15:00 NEP - New Europe Property Investments plc - Notification of acquisition of
NEP
NEP                                                                             
NEP - New Europe Property Investments plc - Notification of acquisition of      
beneficial interest in shares                                                   
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                                                            
BVB share code: NEP                                                             
JSE share code: NEP                                                             
ISIN:   IM00B23XCH02                                                            
("NEPI" or the "Company")                                                       
NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SHARES                    
For purposes of compliance with the rules of the Bucharest Stock Exchange and   
the AIM Market, shareholders are advised that the Company has received          
notification from Fortress Income 2 (Pty) Ltd of the acquisition of ordinary    
NEPI shares such that Fortress Income 2 (Pty) Ltd`s total beneficial interest in
the Company is now 6.37% of NEPI`s issued ordinary share capital.               
                                                                                
Date of transaction:                  9 November 2011                           
Date on which issuer was notified:    11 November 2011                          
Threshold(s) crossed or reached:      5%                                        
                                                                                
11 November 2011                                                                
For further information please contact:                                         
New Europe Property Investments plc             +40 74 432 8882                 
Martin Slabbert                                                                 
Nominated Adviser and Broker                    +44 20 7131 4000                
Smith & Williamson Corporate Finance Limited                                    
Azhic Basirov/Siobhan Sergeant                                                  
Corporate advisor, legal advisor as to South    +27 11 283 0042                 
African law and JSE sponsor                                                     
Java Capital                                                                    
Romanian advisor                                +40 21 222 8731                 
SSIF Intercapital Invest SA                                                     
Razvan Pasol                                                                    
Date: 11/11/2011 15:00:01 Produced by the JSE SENS Department.                  
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