Total voting rights

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")

Total Voting Rights
The Company today announces that in conformity with the United Kingdom Transparency Directive, NEPI`s capital as at 30 March 2010 consists of 49,968,486 ordinary shares of EUR 0.01 each ("Ordinary Shares") with voting rights. Therefore, the total number of voting rights in NEPI is 49,968,486. The above figure of 49,968,486 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, NEPI under the FSA`s Disclosure and Transparency Rules.

31 March 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