NEP
NEP                                                                             
NEP - New Europe Property Investments Plc - Withdrawal of 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")                                                       
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Shareholders are referred to the announcement dated 11 March 2010 which         
contained a renewal of cautionary statement. The Company announces, for purposes
of compliance with the JSE Limited Listings Requirements, that negotiations to  
acquire certain other additional assets in Romania from Bel Rom, have been      
terminated. Accordingly, caution is no longer required to be exercised by       
shareholders when dealing in their NEPI shares.                                 
However, shareholders are advised that NEPI continues to explore other          
investment opportunities in Romania which are expected to have a positive impact
on the Company`s performance.                                                   
18 March 2010                                                                   
For further information please contact:                                         
New Europe Property Investments plc                +40 74 432 8882              
Martin Slabbert                                                                 
Smith & Williamson Corporate Finance Limited       +44 20 7131 4000             
Azhic Basirov / Charles Combe                                                   
South African sponsor                                                           
Java Capital (Proprietary) Limited                 +27 11 283 0042              
Date: 18/03/2010 12:30:01 Produced by the JSE SENS Department.                  
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