AGM Statement, 13-May-08

New Europe Property Investments PLC

AGM Statement

The Company announces that at the annual general meeting held earlier today all the resolutions proposed were duly passed.

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