Total voting rights

The Company today announces that in conformity with the United Kingdom Transparency Directive, NEPI's capital as at 28 May 2010 consists of 56,650,471 ordinary shares of EUR 0.01 each ("Ordinary Shares") with voting rights. Therefore, the total number of voting rights in NEPI is 56,650,471.

The above figure of 56,650,471 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.

28 May 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