FURTHER CAUTIONARY ANNOUNCEMENT
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)
Further to the cautionary announcement dated 2 October 2009, the Company announces, for purposes of compliance with the Listings Requirements of the JSE Limited, that negotiations to acquire certain additional retail assets in Romania are still in progress, which if successfully concluded may have a material effect on NEPI`s financial position and consequently on the price of the Company`s shares. Although no certainty can be given that these negotiations will be concluded successfully, the Company has made significant progress in the negotiations to date. Accordingly, shareholders are advised to continue exercising caution when dealing in their NEPI shares until a further announcement is made in this respect.
16 November 2009
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 |
| South African sponsor Java Capital (Proprietary) Limited |
+27 11 283 0000 |
Date: 16/11/2009 10:00:01
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