Dividend Update, 8-May-2009

New Europe Property Investments plc ("the Company")
(Incorporated and registered in the Isle of Man with registered number 001211V)

Registration Number: 2009/000025/10
AIM Share Code: NEPI
JSE share code: NEP
ISIN Code:

IM00B23XCH02

Dividend Update

Further to the dividend declaration announcement published on SENS and RNS on 23 April 2009, shareholders of the Company are advised that shareholders on the South African register will receive their dividend in South African Rand converted from Euro at a bid rate of exchange on 7 May 2009.

South African shareholders are hereby advised that the exchange rate to be used will be Euro 1 = ZAR 11.2440. Accordingly, the dividend of 7.24 Euro cents will be equal to 81.40656 South African cents per ordinary share.

For further information please contact:

New Europe Property Investments plc
Martin Slabbert
+40 74 432 8882
Nominated Advisor and Broker:
Smith & Williamson Corporate Finance Limited
Azhic Basirov / Joanne Royden-Turner
+44 20 7131 4000
South African Sponsor:
Java Capital (Proprietary) Limited
Andrew Brooking
+27 (0)11 283 0042

This information is provided by RNS
The company news service from the London Stock Exchange