NEP
NEP                                                                             
NEP - NEPI - Transfer of Nepi`s listing from the alternative exchange ("ALTX")  
of the JSE Limited ("JSE") to the main board of the JSE ("Main Board")          
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")                                                       
TRANSFER OF NEPI`S LISTING FROM THE ALTERNATIVE EXCHANGE ("ALTX") OF THE JSE    
LIMITED ("JSE") TO THE MAIN BOARD OF THE JSE ("MAIN BOARD")                     
The Company is pleased to announce that the JSE has approved the transfer of its
listing from the AltX to the Main Board with effect from Wednesday, 4 August    
2010 ("the transfer"). The transfer will not affect the Company`s current       
listing on the AIM market of the London Stock Exchange.                         
NEPI is a property investment company which invests primarily in the high       
quality office, retail and industrial property in Romania and Germany. Following
the transfer, NEPI will be listed in the Real Estate sector, sub-sector Real    
Estate Holding and Development, sector number 8633.                             
The salient dates pertaining to the transfer are set out below:                 
Event                                           2010                            
Formal approval granted by the JSE for the      Wednesday, 28 July              
transfer                                                                        
Effective date of the transfer                  Wednesday, 4 August             
NEPI shares to start trading on the Main Board  Wednesday, 4 August             
29 July 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                              +27 11 283 0042              
Java Capital (Proprietary) Limited                                              
Date: 29/07/2010 09:00:01 Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.