Dividend Declaration, 16-October-2008

New Europe Property Investments PLC
Dividend declaration

The board of directors of the Company has today declared an interim dividend of 7.48 Euro cents per ordinary share.

Announcement date: 16 October 2008
Ex-dividend date: 22 October 2008
Record date: 24 October 2008
Payment date: 31 October 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