Dividend Update

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 dividend declaration announced on 5 February 2010, 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 as at 12 February 2010.

South African shareholders are hereby advised that the exchange rate to be used will be Euro 1 = ZAR 10.4180. Accordingly, the dividend of 8.11 Euro cents will be equal to 84.48998 South African cents per ordinary share.

12 February 2010

For further information please contact:

New Europe Property Investments plc
Martin Slabbert
+40 74 432 8882
Nominated Adviser and Broker:
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: 12/02/2010 15:39
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