Dividend Declaration, 13:30 21-Apr-08

New Europe Property Investments PLC ("the Company")

Dividend Declaration
The Board of Directors of the Company today announces a final dividend of 1.24 Euro cents per ordinary share.

Ex-dividend Date: 30 April 2008
Record Date: 2 May 2008
Payment Date: 16 May 2008

For further information please contact:

Martin Slabbert
New Europe Property Investments plc
+40 74 432 8882
Azhic Basirov
Smith & Williamson Corporate Finance Limited
+44 20 7131 4000