APPOINTMENT OF DIRECTORS

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)

The Company is pleased to announce the appointments of Kris Carton, Steven Van Den Bossche and Jeff Zidel as additional non-executive directors, with effect from 11 November 2009.

Further information regarding the new directors will be published shortly.

13 November 2009

New Europe Property Investments plc
Martin Slabbert
+40 74 432 8882
Smith & Williamson Corporate Finance Limited
Azhic Basirov
+44 20 7131 4000
South African sponsor
Java Capital (Proprietary) Limited
+27 11 283 0000

Date: 13/11/2009 17:00:04
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