Potential transaction, 14 July 2009

RNS Number : 6320V
New Europe Property Investments PLC
14 July 2009

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
JSE share code: NEP
ISIN Code: IM00B23XCH02
("NEPI" or "the company")

CAUTIONARY ANNOUNCEMENT

The company announces, for purposes of compliance with the JSE Limited Listings Requirements, that NEPI has entered into negotiations to acquire certain assets, which if successfully concluded may have a material effect on NEPI's financial position and consequently on the price of the company's shares. No certainty can be given that these negotiations will be concluded successfully. Accordingly, shareholders are advised to exercise caution when dealing in their NEPI shares until a further announcement is made in this respect.

14 July 2009
South African sponsor
Java Capital (Proprietary) Limited


For further information please contact:

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

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