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
Further to the cautionary announcement dated 29 December 2009 and in line with NEPI`s preliminary results announcement dated 5 February 2010, the Company announces, for purposes of compliance with the Listings Requirements of the JSE Limited, that the Company`s negotiation to acquire certain retail assets in Romania advanced to signing a sale and purchase agreement on 3 February 2010, which is still subject to certain conditions precedent. Further announcements regarding this acquisition will be made in due course.
Shareholders are advised that negotiations to acquire certain other 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. No certainty can be given that these negotiations will be concluded successfully. Accordingly, shareholders are advised to continue exercising caution when dealing in their NEPI shares until a further announcement is made in this respect.
10 February 2010
For further information please contact:
| New Europe Property Investments plc Martin Slabbert |
+40 74 432 8882 |
|---|---|
| Smith & Williamson Corporate Finance Limited Azhic Basirov / Charles Combe |
+44 20 7131 4000 |
| South African sponsor Java Capital (Proprietary) Limited |
+27 11 283 0042 |
Date: 10/02/2010 13:00:03
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